Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) - Guilherme Estrella, former director of Brazil's state-controlled oil giant Petrobras, filed a lawsuit in court to block the payment of dividends by the company. In a late Friday filing, Petrobras reported that Estrella, a former director of exploration and production, requested the blocking of 32.1 billion reais ($6.6 billion) in dividends that would... Continue Reading →
FPSO operator BW Offshore has secured a short-term contract extension for a floating, production, storage, and offloading (FPSO) vessel operating in waters offshore Nigeria. BW Offshore disclosed last Friday that it has signed an agreement with Addax Petroleum Exploration (Nigeria) Limited for a six-month extension for the lease and operation of the FPSO Sendje Berge. Thanks to this,... Continue Reading →
(Reuters) - French energy giant TotalEnergies (TTEF.PA) has pulled ahead of rivals Shell (SHEL.L) and BP in the race to build up a renewables business, data collected by Reuters shows. But despite the growing focus on the climate, investors remain cautious for now, with shares of the three European giants trailing their oil and gas-focused U.S. rivals Exxon Mobil... Continue Reading →
(OED) Norway's Aker Solutions has been awarded a frame agreement from Brazil's Petrobras and partners to provide subsea production systems (SPS) and subsea lifecycle services (SLS) for Petrobras-operated oil and gas fields offshore Brazil. The frame agreement has a fixed period of five years, from the fourth quarter of 2022 to the fourth quarter of... Continue Reading →
(Reuters) - Brazil's state-run oil firm Petrobras (PETR4.SA) on Thursday posted a stronger than expected 48% surge in third-quarter profit, the latest in a string of stellar quarters under market-friendly managers whose days may be numbered. Petroleo Brasileiro SA, as it is formally known, reported net profit of 46.1 billion reais ($9.01 billion) or 3.56 reais a... Continue Reading →
(Reuters) - Brazil's state-run oil company Petrobras (PETR4.SA) will distribute dividends of around 43.68 billion reais ($8.5 billion), the firm said on Thursday, amid controversy over its massive payouts. Petroleo Brasileiro SA, as it is formally known, has been a cash cow for its investors in recent quarters, including the Brazilian government, which owns a controlling stake... Continue Reading →
Petróleo Brasileiro S.A. – informs that its Board of Directors, at a meeting held today, approved the payment of a dividend in the amount of R$ 3.3489 per outstanding preferred and common share. The proposed dividend is in line with the Shareholder Remuneration Policy, which provides that in case of gross debt below US$ 65... Continue Reading →
(Reuters) - Top oilfield services firm SLB (SLB.N) anticipates oil and gas offshore activity will surpass levels before the COVID-19 pandemic, as strong demand and pricing drive investment into the industry. "We maintain the view that upstream spending is very resilient," Chief Executive Olivier Le Peuch told investors at a conference in New York on Thursday, adding... Continue Reading →
Petro Rio S.A. ("Company" or "PRIO") (B3: PRIO3), informs its shareholders and the market in general that it has signed an agreement with Gas Bridge Storage S.A. for the sale of its 10% interest in the Manati Field. The total amount of the transaction is of R$ 124 million, of which 10% will be paid... Continue Reading →
Offshore drilling contractor Transocean is expecting the demand for its rigs to remain high in the offshore drilling market, leading to a further improvement in day rates and fleet utilization. In July 2022, Transocean’s quarterly fleet status report showed a total backlog of about $6.2 billion, however, thanks to the new deals and extensions for its rigs, the firm... Continue Reading →
