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November 11, 2019 - Petróleo Brasileiro S.A. - Petrobras, following communications disclosed on 08/09/2019, 10/04/2019 and 11/04/2019, reports that it proceeded today to the withdrawal of the public offering regime in Argentina and that, therefore, today was the last trading day of the company's stocks in that market. Argentine shareholders who still hold stocks of... Continue Reading →
Siemens AG beat expectations for fourth-quarter profit, while warning a manufacturing slowdown will lead to a decline in some factory-equipment volumes next year. Europe’s biggest engineering company put forward the cautious outlook Thursday after its health and software operations helped to boost its main profit indicator by a fifth. Adjusted earnings before interest, taxes, and... Continue Reading →
Marine seismic pricing is continuing to strengthen and the Ocean Bottom Node market is the place to be, the Norwegian seismic company SeaBird Exploration said Thursday. Seabird on Thursday reported third-quarter results with a 196% increase in revenues year-over-year. Revenues were $16 million, up from $5.4 million a year ago. SeaBird’s 3Q loss, however, deepened... Continue Reading →
November 7, 2019 Petróleo Brasileiro S.A. – Petrobras reports that, as part of the competitive process for divestment of its entire shareholding in Liquigás Distribuidora S.A., the group comprised of Copagaz, Itaúsa and Nacional Gás Butano submitted the best final offer for the company’s acquisition, in the amount of R$ 3.7 billion. The transaction will... Continue Reading →
UK subsea engineering, construction, and services company Subsea 7 saw a decrease in revenues in the third quarter of 2019 due to lower activity levels in the Renewables and Heavy Lifting business and a smaller profit due to lower pricing and competitive market environment. Subsea 7 on Thursday posted revenues of $951 million for the... Continue Reading →
Offshore drilling contractor Vantage Drilling recorded a decrease in quarterly revenues as its deepwater rig utilization dropped during the period. Vantage said in its quarterly report on Thursday that its 3Q 2019 revenues were $35.8 million compared to $59 million in 3Q 2018. Continue reading
Nov 5, 2019 PetroRio expects to reduce its extraction cost to $ 20 a barrel by December. The company closed the third quarter of 2019 at a cost of $ 22.9 a barrel, compared with $ 24 in the second quarter. According to the Brazilian oil company, the reduction of extraction costs was made possible... Continue Reading →
French marine seismic company CGG reported Group net income of $41 million for the first quarter of 2019, compared to the previous year’s 3Q loss of $1.5 million. Group revenue was $323.4 million down $387.7 million in the third quarter of 2018. Operating income was higher in this year’s 3Q coming in at 98 million,... Continue Reading →
Offshore accommodation specialist Prosafe has posted a net loss of $360 million in the third quarter of 2019, compared to a loss of $118 million a year ago. “Due to a prolonged downturn and weaker outlook in the North Sea, in particular, an impairment of $341 million has been made to the book value of... Continue Reading →
U.S. offshore engineering and construction company McDermott reported a loss for the third quarter of 2019 compared to a profit in the same period last year mostly due to charges of $1.5 billion related to impairment. McDermott on Monday reported revenues of $2.1 billion, a net loss of $1.9 billion, and an operating loss of... Continue Reading →
