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Foresea, Brazilian leader in the offshore drilling segment, released its first annual report, with the financial and operational results achieved last year. The company consolidated a healthy financial position, ending the period with US$141 million in cash and a profit of US$65.8 million. Operational performance is also a highlight: the company maintained operational uptime of... Continue Reading →
(Splash) Brazilian offshore drilling player Petroserv Marine is set to be acquired by a consortium of financial investors. A special purpose vehicle PS Marine Holding will take over all Petroserv’s assets via a share purchase of its subsidiary, Universal Energy Resources for an undisclosed sum. Founded in 1972, Petroserv currently owns and operates a fleet... Continue Reading →
(Offshore-energy.biz)Boskalis’s offshore energy division saw 50 per cent of its revenue coming from offshore wind in 2023, according to annual results the Dutch dredging and offshore construction specialist released on 7 March. Company-wide, Boskalis reported a 20 per cent increase in revenue and a 150 per cent higher net profit than in 2022. For its... Continue Reading →
(Reuters) - Two Brazilian cabinet members said on Monday that a proposed extra dividend suddenly axed by state-run Petrobras (PETR4.SA), opens new tab would be kept in a reserve for future disbursement - keeping alive investor hopes that they would gain expected returns. On Thursday, Petrobras Chief Executive Jean Paul Prates proposed to the oil company's board... Continue Reading →
(Bloomberg) -- President Luiz Inacio Lula da Silva will demand that Petrobras’ chief executive officer explain his handling of a dividends crisis that wiped out $11 billion of the state-owned oil company’s market value last week, as well as its plans to accelerate investment projects he considers essential to boost Brazil’s economy. Lula is holding... Continue Reading →
(PN) Despite making progress in some of its bidding processes for platform ships (FPSOs), Petrobras is encountering difficulties in contracting various equipment and vessels. According to the director of engineering, technology and innovation at the state-owned company, Carlos Travassos, other actors in the oil and gas sector around the world are also experiencing this situation.... Continue Reading →
(Reuters) - Brazil's government will push state-run oil company Petrobras (PETR4.SA), opens new tab to reinvest cash set aside for dividends, two sources told Reuters, after its board spiked an extra dividend, blindsiding investors that sent shares plunging 10% on Friday. Petrobras CEO Jean Paul Prates spent over two hours on an earnings call trying to ease... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors (BoD), in a meeting held today, approved the submission to the Annual General Assembly (AGM), scheduled for April 25, 2024, of the proposed distribution of dividends equivalent to R$ 14.2 billion. If approved by the AGM, considering the dividends anticipated by the Company throughout... Continue Reading →
Dear shareholders and investors, I am very proud to address you today, not only in light of the excellent economic and financial results we are disclosing, but especially because I am convinced that we are building a Petrobras which is more solid, more resilient and able to generate long-term value to its partners and to... Continue Reading →
(Reuters) Exxon Mobil Corp on Wednesday said it filed a contract arbitration claim disputing Hess Corp's proposed sale of its Guyana oil properties, and suggested it may counter Chevron Corp's pending deal for the assets. The arbitration case seeks to preserve Exxon's right to acquire Hess's 30% stake in the giant Stabroek offshore oil block,... Continue Reading →
Brazil Energy Insight 