Brought to you by Quest Offshore & Southern Cone Consultants
Petróleo Brasileiro S.A. – Petrobras informs that it was the winner of the "Deals of the Year" award, promoted by the North American magazine Latin Finance, in the category that highlights the best corporate debt management operation (Corporate Liability Management of the Year), in the year 2021. This is the fourth time, in the last... Continue Reading →
(Reuters) - Italy's Saipem does not face a liquidity crunch for now and should meet an April bond repayment deadline, ratingsagency S&P said, as it races to come up with a rescue plan. The energy services group shocked investors last week when it warned it would report a 2021 loss of over one-third of its... Continue Reading →
SBM Offshore shares dived on Thursday after the Dutch oil and gas services company's cautious guidance disappointed the market despite full-year results meeting expectations. For 2022, the group expects revenue to amount to more than $3.1 billion and earnings before interest, taxes, depreciation and amortisation (EBITDA) to reach about $900 million. Analysts polled by the... Continue Reading →
(Reuters) - TotalEnergies (TTEF.PA) swung back to profit in 2021 thanks to surging oil and gas prices, and announced on Thursday a $2 billion share buyback scheme, an increase in dividends and a series of investments. With net income of $16 billion and adjusted net income of $18.1 billion, the French oil major's results were at their... Continue Reading →
Brazilian oil and gas company Enauta has concluded the purchase of an FPSO for the Definitive System of its operated Atlanta field located off Brazil. Following a letter of intent from December 2021, Enauta entered into an agreement with Yinson to buy the FPSO OSX-2 in January 2022. The agreement was contingent on compliance with the agreed... Continue Reading →
Norway's Equinor joined European peers in hiking shareholder payouts after posting record pretax profits for the fourth quarter due to a boom in oil and gas prices. Adjusted earnings before tax rose to $15.0 billion in the October-December quarter from $756 million in the same period a year ago, exceeding the $13.2 billion predicted in a... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the rating agency Fitch reaffirmed its rating at "BB-", with negative outlook, following the Brazil's rating. The stand-alone rating was also reaffirmed at “bbb”, four notches above the country. The agency considers Petrobras' ratings to be linked to those of the sovereign given the Company's strategic importance to... Continue Reading →
(Reuters) - BP said on Tuesday it was aiming to accelerate its goal to reach net-zero emissions by 2050 as the British energy giant seeks to shift away from fossil fuels and boost its renewable energy capacity. The company, which two years ago started on the biggest revamp in its history, now intends to halve... Continue Reading →
(Reuters) - Norwegian oil services firm Aker Solutions (AKSOA.OL) raised its 2022 revenue outlook on Tuesday and said its earnings margin is likely to increase this year while order intake is headed for a record high, sending its shares sharply higher. The company now expects revenue to rise by more than 20% to at least 35 billion... Continue Reading →
(Reuters) - Can oil bankers learn renewable tricks? They may need to in this climate, judging by the experience of Douglas MacKenzie, a Citigroup banker who has spent decades advising global energy giants on fossil fuel deals since joining Goldman Sachs as an associate in 1985. "I cover Big Oil. I'm a supermajor guy," the... Continue Reading →
