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Offshore drilling contractor Transocean said Tuesday it had secured a long-term deal for one of its ultra-deepwater drillships. The contract, awarded by "a national oil company" for work offshore Brazil, is for the ultra-deepwater drillship, Dhirubhai Deepwater KG2. According to Transocean, the drillship has secured a 910-day offshore drilling contract with an estimated backlog of... Continue Reading →
(Reuters) - Shell (SHEL.L) delivered a record $40 billion profit in 2022, the energy giant said on Thursday, capping a tumultuous year in which a surge in energy prices after Russia's invasion of Ukraine allowed it to hand shareholders unprecedented returns. The British company's record earnings, which more than doubled from a year earlier, mirror those reported... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it received today, up front, from Shell, the amount of R$ 347 million, regarding the complement of the firm compensation (earnout) for fiscal year 2022, related to the Atapu block. The amount already includes the amount of the gross-up of taxes related to Shell' 25% stake in Atapu... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 07/24/2020, 07/28/2020 and 11/06/2020, informs that it received today from Karoon Petróleo & Gás Ltda (Karoon), a subsidiary of Karoon Energy Ltd, the amount of R$ 430 million, equivalent to the contingent payment of the oil price for the year 2022. This amount... Continue Reading →
(Reuters) Exxon Mobil Corp posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. Oil majors are expected to break their own annual records on high prices and... Continue Reading →
UK-headquartered energy giant BP has unveiled its new energy outlook, highlighting the main trends and uncertainties surrounding the energy sector and the transition to low-carbon and green energy sources over the next three decades. With the current energy and climate crises at the forefront, BP’s new Energy Outlook explores the key trends and uncertainties surrounding the energy... Continue Reading →
(Reuters) - Mexico's government will provide further support to state-run oil company Petroleos Mexicanos (Pemex) and has a plan to ensure that pending bond payments in 2023 are met, President Andres Manuel Lopez Obrador said on Friday. Pemex's debt obligations are being paid on time with the government's assistance, and the finance ministry and Pemex's... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it received today, up front, the amount of R$ 1.3 billion, regarding the complement of the firm compensation (earnout) for fiscal year 2022, related to the Sépia block. The amount already includes the amount of the gross-up of taxes related to TotalEnergies' 28 %, Petronas’21 % and QP... Continue Reading →
(Reuters) - Chevron Corp (CVX.N) on Friday posted a record $36.5 billion profit for 2022 that was more than double year-earlier earnings, but the bottom line fell shy of Wall Street estimates, undercut by asset writedowns and rising costs. The second largest U.S. oil producer's adjusted net profit for 2022 exceeded its previous record set in 2011 by about... Continue Reading →
(Reuters) Colombian majority-state-owned energy company Ecopetrol on Thursday said Chief Executive Felipe Bayon will leave his post on March 31, following more than five years in the position. Bayon's departure represents a shake-up for Colombia's biggest company and largest producer of oil - one of the Andean country's most important exports - during a drive... Continue Reading →
Brazil Energy Insight 