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(epbr) Seacrest Petróleo, an independent oil company focused on mature fields in Brazil, raised US$ 260 million with the IPO, on the Oslo Stock Exchange, in Norway. With cash strengthened by the share offering, the company plans to triple its oil and gas production in the Espírito Santo Basin by 2025. In recent years, the... Continue Reading →
Oilfield services company TechnipFMC saw 2022 inbound orders grow to $8.1 billion, a 20% growth versus 2021, and its CEO expects more to come in the future. "We are in the midst of a multi-year growth cycle," said Doug Pferdehirt, the Chair and CEO of TechnipFMC. He said that of the $8.1 billion total, majority... Continue Reading →
Dutch FPSO operator SBM Offshore is working on several floating, production, storage and offloading (FPSO) projects and two of these vessels are expected to achieve the first oil this year. While disclosing its record full-year 2022 directional underlying EBITDA of $1 billion, the revenue of $3.29 billion and the year-end backlog of $30.5 billion, SBM... Continue Reading →
(Reuters) - Italian energy group Eni (ENI.MI) said on Thursday its adjusted net profit rose to 13.3 billion euros ($14.12 billion) in 2022, the largest in over a decade, but its shares fell as markets focused on a weaker exploration and production performance in Q4. The state-controlled group's 2022 performance was boosted by a heightened focus on... Continue Reading →
Oil and gas producer Wintershall Dea swung to a loss last year, hit by significant impairments and losses related to Russia's war in Ukraine, it said on Thursday. Wintershall reported a group net loss of 4.8 billion euros ($5.1 billion), including 7 billion euros in one-off, non-cash losses related to its Russian upstream and associated midstream... Continue Reading →
Guyana is working with the Indian government on awarding oil and gas exploration blocks to Indian companies, Vice President Bharrat Jagdeo said on Wednesday. The South American nation, home to one of the largest oil discoveries of the last decade, has also offered 14 offshore exploration blocks in its latest global auction round. Jagdeo said the blocks to be... Continue Reading →
Chinese subsea cable manufacturer ZTT Submarine Cable & System has secured a cable design and supply contract with Hokchi Energy, the Mexican subsidiary of Pan American Energy, for a field located in the Gulf of Mexico. The contract covers the design, supply, delivery, and testing of 33.3 kilometers of submarine power cable and spares for the Hokchi... Continue Reading →
(OE) French oil major TotalEnergies is set to embark on a multi-well appraisal and exploration program offshore Nambia, where it made one of the world's largest oil discoveries in 2022, by drilling the Venus-1x well. According to Impact Oil & Gas Limited, one of TotalEnergies' partners in the offshore acreage in Nambia, the drilling will... Continue Reading →
Brazilian oil and gas player Enauta has revealed that a floating, production, storage and offloading (FPSO) vessel, which is carrying out operations on a field offshore Brazil, has embarked on preventive maintenance activities. Enauta disclosed on Wednesday, 22 February 2023, that the water-cooling system of the FPSO Petrojarl I entered preventive maintenance and the maintenance interruption should... Continue Reading →
DOF Subsea Brasil, a subsidiary of Norwegian offshore support vessel firm DOF, has secured a charter for its ROV support vessel, Geoholm. DOF said that the 85.7-meter-long vessel and its ROV would be used for a 'major' subsea umbilical, riser, and flowline (SURF) project in Brazil. While DOF did not disclose the client's name, the... Continue Reading →
Brazil Energy Insight 