Brought to you by Quest Offshore & Southern Cone Consultants
Petróleo Brasileiro S.A. – Petrobras, regarding the news published in the media, informs that there is no decision taken about the distribution of dividends not yet declared. Management's decisions on dividends, including the proposal for allocation of the result to be submitted for approval at the Annual General Meeting scheduled for April 25, 2024, will... Continue Reading →
(Offshore-energy.biz) After another year of active tendering, Subsea7 secured $7.4 billion of contract awards in 2023, taking its backlog to $10.6 billion, a year-end level last seen in 2013. In its full-year 2023 financial report, Subsea7 reported revenue of $6 billion, an increase of $838 million or 16% compared to the prior year, said to... Continue Reading →
(Offshore-energy.biz) Offshore drilling contractor Diamond Offshore Drilling is looking forward to reaping the benefits of higher day rates, once its rigs move to their new contracts that poured in during 2023. With $245 million in backlog added in the fourth quarter of 2023, the rig owner’s fleet utilization level rose to 69% while its revenue... Continue Reading →
(Reuters) - French utility Engie (ENGIE.PA), opens new tab has secured more than $1 billion in tax equity financing from JPMorgan (JPM.N), opens new tab, Goldman Sachs (GS.N), opens new tab and BNP Paribas (BNPP.PA), opens new tab to fund six recently announced renewable projects in U.S. markets, the company said on Tuesday. The markets are in the Electric Reliability Council of... Continue Reading →
(Offshore-energy.biz) Siem Offshore has reported operating revenues of $336 million for the fiscal year 2023, an increase from $274.3 million in 2022, and $85.2 million for Q4 2023, compared to $64.3 million in Q4 2022, said to be caused by an uplift in charter rates, generated by increased demand for offshore support vessels (OSVs) and... Continue Reading →
(OET( France’s energy giant TotalEnergies is going full steam ahead with its plans to take a final investment decision (FID) for a large oil project in Block 58 off the coast of Suriname by the end of 2024. Following the appraisal of two main oil discoveries – Sapakara South and Krabdagu – in Block 58, combined recoverable resources of close to 700... Continue Reading →
(Reuters) Australia's top oil and gas explorer Woodside Energy posted a 37% drop in annual underlying profit on Tuesday, as lower realised prices for its products offset higher sales and production. Oil and natural gas prices softened in 2023, as slowing global growth and a weaker-than-expected economic recovery in China weighed on demand. "Compared with 2022, 2023 full-year... Continue Reading →
Digital solutions are accelerating the progress required to ensure CCS earns its place in climate change mitigation history. (OE) Carbon capture has been around since the 90s, but the behavior of CO2 in pipelines is still not that well understood. A lack of suitable multiphase flow assurance models has meant that past CCS projects have... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on December 15, 2023, informs that it has decided to exercise the tag-along right (joint sale) for the sale of its 18.8% stake in the share capital of UEG Araucária S.A. (UEGA). The value of the transaction relating to Petrobras' stake in UEGA is... Continue Reading →
Despite suffering an adjusted net loss of $74 million during fourth-quarter 2023, offshore drilling company Transocean is in the midst of an upcycle, which CEO Jeremy Thigpen presciently predicted in the company’s third-quarter 2023 earnings call. Now it just needs to pay off. After a tough fourth quarter, Transocean expects to see a meaningful increase in demand for “longer-duration... Continue Reading →
Brazil Energy Insight 