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After months of absence, Seadrill, an offshore drilling contractor, has returned to the Oslo Stock Exchange (OSE). Back in February 2021, Seadrill filed for Chapter 11 bankruptcy, its second in about four years. It took about a year of restructuring for Seadrill to emerge from bankruptcy. The relisting updates came about two months after this. Come... Continue Reading →
(Reuters) - Argentina's rising central bank debt poses a risk to the country's monetary stability, ratings agency Moody's said on Wednesday, adding it could further stoke inflation and aggravate any exchange rate shock if savers flee from the local peso currency. In that scenario, Moody's warned, authorities could even freeze peso deposits, an extreme measure... Continue Reading →
(Reuters) Siemens Energy on Wednesday reported a record order backlog of nearly 100 billion euros ($104 billion), boosting its shares and overshadowing a widening net loss blamed on its struggling wind turbine division, Siemens Gamesa. Siemens Energy - which provides services and equipment to the power sector, such as gas and wind turbines - said... Continue Reading →
Italian energy industry services firm Saipem said Wednesday it had secured new offshore drilling contracts, three in the Middle East and two in West Africa, worth around $800 million in total. In the Middle East, two new contracts have been awarded for two high-specification jack-up drilling units, the Perro Negro 12 and Perro Negro 13,... Continue Reading →
(Reuters) - Russian state energy company Rosneft (ROSN.MM) said on Monday it plans to pay a dividend on its nine-month results, the first such payment in its history, which is expected to total 216 billion roubles ($3.6 billion) and to boost the nation's budget. The importance of dividends by state companies, including Rosneft and Gazprom (GAZP.MM), as a... Continue Reading →
(TN) Eneva, an integrated energy company, which operates from the exploration and production (E&P) of natural gas to the supply of customized solutions, closed the third quarter of 2022 with a net profit of R$ 237 million, 61.4% higher than that recorded in the second quarter of this year. Adjusted EBITDA, of R$598 million, represented... Continue Reading →
(PN) Petrobras' revitalization plans for the Marlim field will bring new investments to the Campos Basin. The National Petroleum Agency (ANP) approved the new version of the field development plan presented by the oil company. Altogether, the program foresees investments of US$ 3.8 billion for Marlim and another US$ 60 million for the neighboring field,... Continue Reading →
(Reuters) SBM Offshore revised upwards its full-year revenue and core profit forecast on Thursday after the Dutch oil and gas services firm pointed to "solid" quarterly results. The company now expects an annual revenue of more than $3.2 billion, bringing earnings before interest, taxes, depreciation and amortisation (EBITDA) for the year to around $1 billion.... Continue Reading →
(Reuters) - Wind turbine maker Siemens Gamesa (SGREN.MC) said on Thursday it missed its full-year target as revenue declined, mostly due to delays in project execution and supply chain disruptions hampering production of wind turbine generators. The company said its core earnings margin during the year that ended on Sept. 30 was minus 5.9%, below its own August... Continue Reading →
3R Petroleum Óleo e Gas S.A. (“3R” or “Company”) (B3: RRRP3) hereby presents its results for the third quarter of 2022 (“3Q22”). Except as indicated otherwise, the financial and operational information described in this release is presented on a consolidated basis and in Brazilian Reais (R$), in accordance with International Financial Reporting Standards (IFRS). HIGHLIGHTS... Continue Reading →
Brazil Energy Insight 