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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 $0.6 million in the second quarter of 2019 compared... Continue Reading →
Rio de Janeiro, July 23, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that the Administrative Board of Tax Appeals (CARF) issued today an unfavorable decision on an administrative tax proceeding in the amount of about R$ 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 →
