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Italian oilfield services player Saipem has reported first-half 2019 profit of €14 million on revenues of €4.5 billion. This result compares to net loss of €323 million on revenues of €3.8 billion for prior-year comparable period. Adjusted result was net profit of €60 million, against €6 million in 1H 2018. Saipem reported first-half 2019 EBITDA... Continue Reading →
Helix Energy Solutions has reported net income of $16.8 million, or $0.11 per diluted share, for the second quarter of 2019 compared to $17.8 million of $0.12 for the same period in 2018. Quarterly revenues fell from $205 million in Q2 2018 at $202 million. Net income for the six months ended June 30, 2019... Continue Reading →
Engineering and construction specialist Subsea 7 has seen its profit cut in the quarter ended June 30, 2019 as activity drop continues in renewables and heavy lift business units. The Oslo-listed firm posted quarterly profit of $24 million, or $9 cents per diluted share, on revenue of $958 million, versus profit of $74 million, or... Continue Reading →
Norwegian oil and gas company Equinor recorded an increase in its second quarter 2019 net income while its earnings were down compared to the last year’s quarter. The company expects to spend less this year, partly due to further savings on the Johan Sverdrup offshore project. Equinor said in its 2Q 2019 report on Thursday... Continue Reading →
Oilfield services provider TechnipFMC booked a smaller profit in the second quarter of the year despite a 16% increase in revenues when compared to the same period last year. In addition, the company achieved record inbound orders and increased backlog by more than 73%. TechnipFMC said on Thursday that total company revenue for the second... Continue Reading →
French oil and gas company Total posted a 26% drop in 2Q net profit as a result of lower oil and gas prices. Total has said it plans to sell about $5 billion worth of assets, mostly from its Exploration & Production business. The company on Thursday posted adjusted net profit of $2.9 billion, a... Continue Reading →
July 24, 2019 Petróleo Brasileiro S.A. - Petrobras announces that today it signed two contracts for the sale of upstream assets in shallow waters in Campos and Santos Basins, in the total amount of US$ 1.5 billion (about R$ 5.7 billion). The transactions refer to: the sale of 100% of its interest in the Pampo... Continue Reading →
Petrobras approves Debentures Public Offering — Rio de Janeiro, July 23, 2019 - Petróleo Brasileiro SA - Petrobras, in compliance with the provisions of Instruction no. 358 of January 3, 2002, issued by the Securities and Exchange Commission of Brazil ("CVM"), hereby informs that the Board of Directors, in a meeting held today, approved the... Continue Reading →
Rio de Janeiro, July 23, 2019 - Petróleo Brasileiro S.A. - Petrobras announced today the pricing of the secondary public offering of shares of Petrobras Distribuidora S.A. (“BR Distribuidora”). Petrobras’s Board of Directors approved today the sale of 349,500,000 shares in BR Distribuidora, including 58,250,000 additional shares as part of Petrobras’s option to increase the... Continue Reading →
Seismic services player Polarcus returned to profit in the second quarter of 2019 from a loss in the corresponding period of 2018 on the back of higher revenues driven by improvement in vessel dayrates. The seismic company said on Wednesday it had recorded a profit of $0.6 million in the second quarter of 2019 compared... Continue Reading →
