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(OE) Helix Energy Solutions Group, Inc. has secured a deepwater well decommissioning contract with Shell in Brazil. The scope of work includes plug and abandonment services on subsea wells located in the Bijupira and Salema fields. Helix will supply the Q7000 riser-based well intervention vessel, a 10k Intervention Riser System (IRS), and remotely operated vehicles. The Q7000, equipped with... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on November 19, 2021, informs that the drill-stem test in the wildcat well 1-BRSA-1381-SPS (Curaçao), located in the Pre-salt section in the southwestern portion of the Santos Basin, has been successfully completed. The discovery in the Aram Block is located 240 km from the... Continue Reading →
(Reuters) Global oil-and-gas giants including Exxon Mobil, Chevron, and Equinor, posted huge profits in the third quarter, benefiting from surging energy costs that have boosted inflation around the world and hit consumers hard. Oil companies booked billions of dollars in profits as prices for crude, natural gas and fuels like gasoline hovered near record levels... Continue Reading →
Italian energy group Eni said profits in the third quarter beat expectations thanks to a strong performance from its Global Gas and LNG portfolio division (GGP). Adjusted net profit in the period came in at 3.73 billion euros ($3.72 billion), soaring from 1.43 billion euros a year ago, and beating a 3.21 billion euro consensus.... Continue Reading →
Offshore drilling company Transocean said Thursday that its Deepwater Atlas, the world's first 8th generation drillship, had started its first contract. The offshore drilling rig, delivered by Singapore's Sembcorp Marine in June, is under a contract with Beacon Offshore Energy in the U.S. Gulf of Mexico. The Deepwater Atlas is the first of two ultra-deepwater drillships... Continue Reading →
(Reuters) - Chevron Corp (CVX.N) on Friday reported its second-highest ever quarterly profit, blasting past analysts' estimates, driven by soaring global demand for its oil and gas and rising production from its U.S. oilfields. The surge comes as oil companies book mounting profits with prices near record levels and supplies tight on output cuts during the COVID-19... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) on Friday smashed expectations as soaring energy prices fuelled a record-breaking quarterly profit, nearly matching that of tech giant Apple. Its $19.66 billion third-quarter net profit far exceeded recently raised Wall Street forecasts as sky-rocketing natural gas and high oil prices put its earnings within reach of Apple's $20.7 billion net... Continue Reading →
(Reuters) Equinor on Friday posted forecast-beating record profits for the third quarter driven by all-time-high European gas prices amid the Ukraine war, and said it would raise its dividend payment while reducing full-year output guidance. The oil and gas producer's adjusted earnings before tax for July-September rose to $24.3 billion from $9.77 billion a year... Continue Reading →
Brazilian oil and gas player Enauta has interrupted production from a well located on a field offshore Brazil ahead of the original schedule and prior to embarking on its new drilling campaign next month. Enauta reported the interruption of production from the well 7-ATL-3H-RJS, which is located at the Atlanta field, on Wednesday. The Brazilian player... Continue Reading →
(U) UK contractor TechnipFMC is on track this year to win new orders totaling almost $7 billion from the subsea sector alone — up as much as 40% year-on-year, and the contractor’s opportunities list is at a record high. “Extending the outlook into 2023, we believe orders over the next five quarters will be at... Continue Reading →
Brazil Energy Insight 