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CNOOC Ltd (0883.HK), the listed arm of China’s largest offshore oil and gas producer, on Thursday reported a 27.9% jump in capital spending in the third quarter amid Beijing’s push to boost oil and gas exploration and production. Capital expenditure at CNOOC reached 19.53 billion yuan ($2.76 billion) during July-September, up from 15.27 billion yuan... Continue Reading →
October 23, 2019 -Petróleo Brasileiro S.A. - Petrobras, in addition to the press release issued on May 21, 2019, reports that its Board of Directors has ratified the signature and approved adjustments to the draft Amendment to the Transfer of Rights Agreement. Such ratification occurs after the issuing of MME Ordinance No. 265 of June... Continue Reading →
Italian energy services provider Saipem reported a rise in 2019 Q3 revenue and profit. The company’s revenue for the quarter grew to 2,36 billion euros, up from 2,22 billion a year ago. Net profit was 30 million euros, compared to a net loss of 34 million a year ago. Saipem’s offshore and engineering and construction division reported... Continue Reading →
Thursday, October 24th, 2019 (after B3’s trading hours) Conference Call and Webcast Date: Friday, October 25th, 2019 Time: In English: 11:30 am (Rio de Janeiro) | 10:30 am (New York) | 3:30 pm (London) In Portuguese: 10 am (Rio de Janeiro) | 9 am (New York) | 2 pm (London) Participants calling from: Brazil: +55... Continue Reading →
Portugal’s Galp Energia earmarked between 1 billion euros ($1.11 billion) and 1.2 billion euros in annual investment until 2022 in an increase from up to 1 billion under a previous plan, seeking to expand its natural gas and renewable energy business. The oil company’s chief executive, Carlos Nuno Gomes da Silva, said on Tuesday it... Continue Reading →
Norwegian engineering company Aker Solutions aims to generate about half of its revenue from renewable or distinct low carbon solutions by 2030, according to the company’s 20/25/30 strategy. n a statement on Wednesday, Aker Solutions said the oil and gas industry would remain Aker Solutions’ biggest market, but over the next decade the company would... Continue Reading →
Norwegian engineering company Aker Solutions recorded a decrease in its third quarter 2019 profit, but its revenues jumped by 9% driven by increased activity levels compared to the same period last year. Aker Solutions said in its quarterly report on Wednesday that its net income in the third quarter 2019 was NOK 93 million ($10.2M),... Continue Reading →
Oct 22, 2019 The Dutch group OOS is the new owner of the semi-submersible ODN Delba III, which until August was part of Ocyan's fleet in Brazil. The company acquired the equipment after settling the operation with a pool of banks financing the unit, led by the Inter-American Development Bank (IDB). Made in conjunction with... Continue Reading →
Temasek, which currently owns 20,45 percent in Keppel, intends to offer S$7.35 per share for 30,55% Keppel shares, an offer estimated to be valued at ~S$4,1 billion. The announcement of the intention to make an offer was made on Monday by Morgan Stanley, on behalf of Temasek’s subsidiary Kyanite Investment. According to Temasek, the price... Continue Reading →
Houston-based Helix Energy Solutions recorded an increase in its quarterly profit boosted by higher utilization in the well intervention business in the Gulf of Mexico and Brazil. In its quarterly report on Monday, Helix said it had recorded a net income of $31.6 million for the third quarter of 2019 compared to $27.1 million for... Continue Reading →
Brazil Energy Insight 