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Rio de Janeiro, July 23, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that the Administrative Board of Tax Appeals (CARF) issued today an unfavorable decision on an administrative tax proceeding in the amount of about R$ 5.22 billion, which deals with the collection of PIS/COFINS - Import tax regarding remittances abroad for the payment... Continue Reading →
Halliburton on Monday reported a net income of $75 million for the quarter, compared to $511 million a year ago. Adjusted for impairments and other charges net income was $303 million. Halliburton recognized impairments and other charges during the second quarter of 2019 of $247 million, pre-tax. Of the $247 million, $108 million was for... Continue Reading →
July 19, 2019 – Petróleo Brasileiro S.A. - Petrobras informs that in the scope of the bidding process for total disinvestment of Petrobras' interests in Pampo and Enchova Poles in Campos Basin, Trident Energy has delivered the best final bid for assets acquisition. Regarding media reports about this operation, the Company clarifies that the price... Continue Reading →
Brazilian oil company Petroleo Brasileiro SA has chosen a bid from Warburg Pincus-backed Trident Energy as the winner in a final “re-bid” for two oilfields, three sources with knowledge of the matter said. Petrobras, as the Brazilian state-run oil company in known, will fetch nearly $1 billion, two of the sources said. The firm received... Continue Reading →
Oilfield services provider Schlumberger recorded a 14 percent increase in its second quarter 2019 net profit while expecting oil market sentiments to remain balanced. Schlumberger has also revealed that its CEO will retire after eight years in the role and the company has already lined up a replacement. Schlumberger on Friday posted revenues of $8.27... Continue Reading →
Singapore’s offshore drilling rig and vessel construction company Keppel O&M has returned to profit in the first half of 2019. The order book is at 2016 high, with a large chunk of new orders coming from renewables and LNG sectors. Keppel has also employed more than 700 people in 2Q. According to Keppel Corporation’s results... Continue Reading →
July 18, 2019 The Court of Auditors of the Union (TCU) yesterday questioned the competence of the National Energy Policy Council (CNPE) to define the areas of the auction rounds in the sharing regime. The position of the court ministers was based on the fact that there is a lack of transparency in the selection... Continue Reading →
Finland’s Wartsila Oyj (WRT1V.HE) missed second-quarter forecasts on Thursday and warned that it expected demand to weaken for both its marine and energy businesses, sending shares in the engineering firm to a three-year low. Comparable operating profit in April-June fell to 113 million euros ($127 million) from 123 million euros a year earlier and missed... Continue Reading →
July 17, 2019 Sete Brasil creditors will meet August 9 to deliberate on Magni Partners' new and seemingly final offer to acquire the Urca, Frade, Arpoador and Guarapari rigs. After four months of negotiations, the group raised the value of its proposal from US $ 250 million to US $ 296 million, ensuring contractual improvements.... Continue Reading →
Rio de Janeiro, July 16, 2019 - Petroleo Brasileiro S.A. – Petrobras, focusing on providing greater transparency in its information, reports that as from this quarter, it will disclose the production and sales report prior to the company's financial statements report. On July 25th, after market closes, the company will release its quarterly production and... Continue Reading →
