Helix Energy Solutions to Buy Alliance Companies to Boost Presence in Gulf of Mexico Decommissioning Space

U.S.-based offshore oil and gas services firm Helix Energy Solutions Group is set to buy equity interests of Louisiana-baed Alliance group of companies for $120 million cash at closing, plus the potential for post-closing earnout consideration. Alliance is a Louisiana-based privately held company that provides services supporting the upstream and midstream ‎industries in the Gulf... Continue Reading →

May 17, 2022 0

Wilson Sons reports profit of more than R$143 million in the first quarter

Wilson Sons posted net income above R$143 million in the first quarter, 437% higher than in the same period in 2021. The 437% growth in net income benefited from the exchange rate variation in this quarter, as the real appreciated 15%. But even excluding currency effects, the company reported a net income of R$ 80... Continue Reading →

May 17, 2022 0

Russia’s Gazprom will not disclose Q1 financial results – Interfax cites source

(Reuters) - Russian energy giant Gazprom (GAZP.MM) will not publish its first-quarter financial results, Interfax reported on Tuesday, citing an unnamed source. Several Russian companies have decided not to reveal their financial and operational results, while the government has classified some data amid Western sanctions over what Moscow calls a "special military operation" in Ukraine.

May 17, 2022 0

Shell Joins Exxon With $1 Billion Brazil Exploration Setback

(Bloomberg) -- Expensive offshore exploration setbacks for international oil majors including Shell Plc and Exxon Mobil Corp. are throwing cold water on their plans to turn Brazil into a profit center. In the past three years, Shell has drilled three exploration wells without finding any commercial volumes, said Marcelo de Assis, the head of Latin... Continue Reading →

May 17, 2022 0

As recovery moves forward, revenues go up for Vantage

As the offshore drilling market continues to improve, rig owner Vantage Drilling managed to reduce its net loss in the first quarter of 2022 on the back of higher revenues driven by better utilisation rates compared to the same period of 2021. Vantage Drilling on Monday reported a net loss attributable to controlling interest of... Continue Reading →

May 16, 2022 0

Analysis: Big Oil gets investor reprieve as energy worries trump climate concerns

(Reuters) - Big Oil has enjoyed an easier ride at shareholder meetings so far this year compared with last year's punishing run of hostile investor votes tied to climate concerns, as those issues have been eclipsed by tight oil supplies. Major oil companies have handily defeated several high-profile climate resolutions brought by shareholder activists in... Continue Reading →

May 16, 2022 0

Saudi Aramco net profit soars 82% in Q1 on high oil prices

(Reuters) - State-owned oil producer Saudi Aramco (2222.SE) on Sunday reported an almost 82% rise in first-quarter net profit, broadly in line with analyst forecasts, helped by strong oil prices. Aramco, which is at par with Apple Inc (AAPL.O) as the world's most valuable company, reported a net income of $39.5 billion for the quarter to March 31 from... Continue Reading →

May 16, 2022 0

Guyana could earn over US$130 billion in the next 20 years, says Rystad Energy

(ON) As commercial discoveries continue to increase offshore Guyana, more projects will come online, generating an unprecedented inflow of revenue to the new oil producing South American country, which Norway-based Rystad Energy said could top US$130 billion. “If all discoveries were to be developed, you`re looking at, in the next 20 years, over $130 billion... Continue Reading →

May 13, 2022 0

Namibia Launches Sovereign Wealth Fund after Offshore Oil Finds Made by TotalEnergies, Shell

Namibia on Thursday launched a sovereign wealth fund, months after oil discoveries by TotalEnergies and Shell off its coast. President Hage Geingob said at the launch the Welwitschia Fund would get an initial injection of 262 million Namibian dollars ($16.15 million) and invest 2.5% of its portfolio locally to bridge the country's infrastructure financing gap.... Continue Reading →

May 12, 2022 0

SBM Offshore First Quarter 2022 Update

Highlights Year-to-date Directional1 revenue of US$970 million, in line with expectationFull year 2022 Revenue and EBITDA guidance maintainedCash dividend of US$1 per ordinary share paid, 13% year-on-year increase and representing c. 7% yield2FPSO Liza Unity delivered on time and on budgetFPSO ONE GUYANA award confirmed, to be added to the backlog Financial Overview YTD Directional in... Continue Reading →

May 12, 2022 0

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Category: Financial

Helix Energy Solutions to Buy Alliance Companies to Boost Presence in Gulf of Mexico Decommissioning Space

Wilson Sons reports profit of more than R$143 million in the first quarter

Russia’s Gazprom will not disclose Q1 financial results – Interfax cites source

Shell Joins Exxon With $1 Billion Brazil Exploration Setback

As recovery moves forward, revenues go up for Vantage

Analysis: Big Oil gets investor reprieve as energy worries trump climate concerns

Saudi Aramco net profit soars 82% in Q1 on high oil prices

Guyana could earn over US$130 billion in the next 20 years, says Rystad Energy

Namibia Launches Sovereign Wealth Fund after Offshore Oil Finds Made by TotalEnergies, Shell

SBM Offshore First Quarter 2022 Update

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