(PetroleoHoje) The consortium formed by ExxonMobil (50%), Enauta (30%) and Murphy (20%) should drill the first well in the Cutthroat prospect, in the Sergipe-Alagoas Basin, still in 4Q21. Enauta will invest US$ 8 million in this well. The prospect to be drilled in the SEAL-M-428 block extends to the SEAL-M-351 block, which has the same... Continue Reading →
Enauta reports 3Q21 net income of R$134mm
Enauta recorded net income of R$134 million in the third quarter of 2021, an increase of 351% over the result for the same period in 2020, of R$29.7 million. In the first nine months of this year, the oil company's net income totaled R$ 753.9 million, an increase of 775% to the result of the... Continue Reading →
PetroReconcavo reports 3Q21 net income of R$22.9mm
PetroReconcavo recorded net income of R$ 22.9 million in the third quarter of this year, a result 261% greater than that of the same period in 2020, when the oil company earned R$ 6.342 million. In 2021, net income totaled R$ 104.6 million, reversing a loss of R$ 144.8 million in the first nine months... Continue Reading →
SBM Offshore Revises Revenue Guidance on FPSO JV Deferral
Oil services group SBM Offshore on Thursday revised its full-year revenue guidance, citing a deferral in the expected timing of a floating production storage and offloading (FPSO) joint venture. The Dutch company, which supplies floating oil and gas production vessels, now predicts 2021 revenues of "above" $2.3 billion, from around $2.6 billion previously. SBM said... Continue Reading →
Petrobras concludes the sale of Breitener Energética S.A.
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 08/27/2021, informs that it concluded today the sale of its entire 93.7% equity stake in Breitener Energética S.A. (Breitener), located in the state of Amazonas, to Breitener Holding Participações S.A., a wholly owned subsidiary of Ceiba Energy LP, which is backed by Denham... Continue Reading →
Tullow moves forward with asset sales in Latin America and East Africa
(WO) Tullow Oil Plc is pushing ahead with plans to sell stakes in energy deposits in East Africa and Latin America. “We have pretty significant positions in emerging basins in Guyana and Argentina and we’re looking at farm-down opportunities there,” Chief Executive Officer Rahul Dhir said in an interview in Dubai, where he attended a... Continue Reading →
Noble Corp. Shareholder to Vote Against Maersk Drilling Merger
Following the announcement of a proposed merger between offshore drillers Maersk Drilling and Noble Corporation on Wednesday, a Noble shareholder said it would vote against the deal. The combination is a primarily all-stock transaction where the shares of the combined company will be distributed equally between the current shareholders of Noble and Maersk Drilling. The... Continue Reading →
Siemens Energy to pay dividend as cost discipline pays off
(Reuters) - Siemens Energy (ENR1n.DE) proposed on Wednesday to pay a dividend on the back of a strong jump in cash flow driven by stricter cost discipline, as it completed its first business year since it spun off from former parent Siemens (SIEGn.DE). The supplier of turbines and services to the power industry, in which Siemens still holds... Continue Reading →
Ecopetrol’s Q3 Net Profit Surges to $983.4M
Colombian majority state-owned oil company Ecopetrol's third-quarter net profit surged to 3.81 trillion pesos ($983.4 million) on higher crude prices and structural changes implemented to meet recent industry challenges, the company said on Tuesday. Earnings before interest, taxes, depreciation and amortization increased 97% to 10.4 trillion pesos. "The results of the third quarter of 2021... Continue Reading →
Offshore Drillers Noble and Maersk Drilling to Merge
Denmark's Maersk Drilling and U.S. rival Noble Corp will merge in a $3.4 billion deal to form one of the world's largest offshore oil drilling rig companies, they said on Wednesday. The combined company is expected to reap annual cost savings of $125 million and it will take Noble Corporation's name and be headquartered in... Continue Reading →
Brazil Energy Insight 