Brought to you by Quest Offshore & Southern Cone Consultants
(OE) The events of the last month have shown that, despite some negative factors, the impetus to continue to grow the U.S. offshore wind segment has lost little steam. The foundations are firmly in place to support the deployment of 30 gigawatts (GW) of offshore wind by 2030 and 110 GW by 2050. Two major... Continue Reading →
Investment in the offshore wind sector in the first half of this year amounted to USD 32 billion, 52 per cent more than in the same same period in 2021, according to BloombergNEF (BNEF). The financing of the 1 GW China Three Gorges (CTG) Yangjiang Yangxi Shapa Qingzhouwu Offshore Wind Farm for USD 2.1 billion... Continue Reading →
(Reuters) - SBM Offshore (SBMO.AS) on Thursday revised its annual guidance upwards as the Dutch oil and gas services firm sees the transition to renewable energies from fossil fuels benefiting its project portfolio, sending its shares higher. The group, which plans to achieve net-zero emissions by no later than 2050, set intermediate greenhouse gas-related targets as the... Continue Reading →
(Reuters) - Colombia's majority state-owned oil company Ecopetrol reported record net profit for both the second quarter and the first half of 2022 on Wednesday after earnings benefited from soaring prices and increased production. Ecopetrol's net profit for the three months to June 30 stood at 10.5 trillion pesos ($2.4 billion), the company said, while... Continue Reading →
HIGHLIGHTS FOR THE PERIOD Click here for the Earnings Release.
Total contract drilling revenues were $692 million, compared to $586 million in the first quarter of 2022 (total adjusted contract drilling revenues of $722 million, compared to $615 million in the first quarter of 2022);Revenue efficiency(1) was 97.8%, compared to 94.9% in the prior quarter;Operating and maintenance expense was $433 million, compared to $412 million in the prior period;Net loss attributable to controlling interest... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“Company”), informs its shareholders, investors and the market in general that, on this date, its wholly-owned subsidiary 3R Lux, a private limited liability company (société à responsabilité limitée) formed under the laws of Grand Duchy of Luxembourg, registered with the Luxembourg Register of Commerce and Companies (Registre de commerce... Continue Reading →
(Reuters) - Top U.S. shale oil producers say they remain laser focused on shareholder returns, limiting production expenditures largely to offset higher costs for equipment, supplies and services. The decision likely will hold down oil output increases while benefiting shareholders receiving higher payouts through dividends and share repurchases with U.S. crude prices above $95 per... Continue Reading →
(Reuters) - Brazil's state-controlled oil company Petrobras (PETR4.SA) will distribute at least twice as much as the biggest international oil producers in second quarter dividends, boosting the government's coffers amid a tense presidential campaign. The five biggest Western oil producers - Exxon Mobil Corp (XOM.N), Chevron Corp. (CVX.N), Shell PLC (SHEL.L), TotalEnergies (TTEF.PA) and BP (BP.L) - posted record cash distributions to shareholders in... Continue Reading →
(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today reported second quarter 2022 results. President and Chief Executive Officer Anton Dibowitz said, “I would like to thank the Valaris team for their continued focus on delivering the safe, reliable and efficient operations that our customers have come to expect from us, in particular the... Continue Reading →
