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Houston-based oil services company Helix Energy Solutions returned to profit in the second quarter of the year helped by higher revenues from its Well Intervention and Robotics businesses. Helix on Monday reported net income of $17.8 million for the second quarter of 2018 compared to a net loss of $6.4 million for the same period... Continue Reading →
Halliburton Company (NYSE:HAL) announced today income from continuing operations of $511 million, or $0.58 per diluted share, for the second quarter of 2018. This compares to reported income from continuing operations for the first quarter of 2018 of $46 million, or $0.05 per diluted share, and adjusted income from continuing operations for the first quarter... Continue Reading →
The world’s largest oil companies are pumping more natural gas than ever before, helping to spur a rise in profits while sating rising global demand for fuels that can mitigate global greenhouse gas emissions. This marks a shift over the past decade for an industry that once focused predominantly on crude oil, with gas in... Continue Reading →
7/23/18 Projects of regasification terminals for liquefied natural gas (LNG) under study can add to the country a regasification capacity of up to 153 million m³ / day, considering the expansion of the Açu Port terminal. EPE data show that there are 15 projects in different stages of maturation, from those that are still in... Continue Reading →
7/23/18 Equinor plans to start its first drilling campaign under the sharing regime in August. The plan for the Norwegian oil company is to demobilize the Seadrill West Saturn rig from the Carcará area to the neighboring block of Norte de Carcará, acquired in the second round of sharing. But this campaign still depends on... Continue Reading →
ExxonMobil has boosted its estimate of recoverable oil in its offshore Guyana block to 4 billion oil-equivalent barrels, up from the previous estimate of 3.2 billion oil-equivalent barrels. Apart from lifting its resource estimate of the giant Stabroek offshore block where it is already developing the first phase of the Liza field, ExxonMobil said on Monday it... Continue Reading →
July 23, 2018 The semi-submersible P-56 was the last platform to start operating in Marlim Sul.Picture: Courtesy PAC The ANP's board approved the extension of the concession contract for the Marlim Sul field in deep waters of the Campos Basin for 25 years. With the decision, Petrobras could produce in the region until 2052. The... Continue Reading →
Singapore’s Keppel Offshore & Marine Ltd has through its subsidiaries been awarded two contracts with a combined value of about S$70 million (USD 51 million). Japanese FPSO specialist Modec has hired Keppel’s Brazilian subsidiary, Keppel FELS Brasil, to build and integrate the topside module of the FPSO Carioca MV30, marking the sixth FPSO collaboration between... Continue Reading →
Seismic survey specialist Spectrum has begun a 10,000 square kilometer 3D multi-client seismic project over the Southern Santos Basin in Brazil. Spectrum said on Monday that the survey covered an area south of the major oil and gas discoveries in the Santos Basin and the recent highly sought after blocks offered in Rounds 2, 3,... Continue Reading →
Rio de Janeiro, July 20, 2018 – Petróleo Brasileiro S.A. – Petrobras, further to the material fact of 05/23/2018 , informs the beginning of the binding phase related to the partial sale, without transfer of operatorship, of its exploration, development and production rights in four concessions, BM-SEAL-4, BM-SEAL-4A, BM-SEAL-10 e BM-SEAL-11, located in the Deepwater... Continue Reading →
Brazil Energy Insight 