Subsea 7 has reported a revenue of $1.45 billion for the third quarter of 2021, up 53% year-on-year, said to be driven by the very high utilization of the active fleet. Overall, utilization of Subsea 7’s active fleet of 28 vessels was 94% in the third quarter, compared to 84% in the same period the... Continue Reading →
VIBRA ENERGIA WANTS TO SELL ES GAS IN THE FIRST HALF OF 2022
(PetroleoHoje) Vibra Energia (former BR Distribuidora) plans to sell the Espírito Santo government's stake in ES Gas, the disinvestment in the state distributor is scheduled for the first half of 2022, said the company's president, Wilson Ferreira Jr.. In September, the state government signed a contract with BNDES to carry out studies aimed at modeling... Continue Reading →
Petrobras’ expenses with interest and debt charges fall by more than 30% in 12 months
(TNPetroleo) Petrobras is significantly reducing the amount of interest and charges on its financial debt. Expenses with these financings dropped to US$ 669 million in the 3rd quarter of 2021, 31.1% lower than the US$971 million spent in the 3rd quarter of 2020. When comparing the first nine months of 2021 with the same period... Continue Reading →
ENAUTA FORESEES DRILLING IN SERGIPE-ALAGOAS STILL IN 4Q21
(PetroleoHoje) The consortium formed by ExxonMobil (50%), Enauta (30%) and Murphy (20%) should drill the first well in the Cutthroat prospect, in the Sergipe-Alagoas Basin, still in 4Q21. Enauta will invest US$ 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 →
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