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FPSO operator BW Offshore has decided to record an impairment to the book value of three FPSOs, amounting to $59.6 million, in the fourth quarter of 2020 amid continued uncertainty regarding redeployment. The three FPSOs are Berge Helene, BW Cidade de São Vicente, and Espoir Ivoirien, BW Offshore said on Wednesday. According to BW Offshore,... Continue Reading →
Oslo-listed seismic services company Magseis Fairfield has said it has won a seismic survey contract offshore Angola. The contract, with an unnamed "major international energy company" is for a deep-water Ocean Bottom Node baseline survey (3D). The project is expected to start in Q2-2021 and run for approximately three months. Carel Hooijkaas in Magseis Fairfield... Continue Reading →
(Reuters) - A consortium of Talos Energy Inc, private equity firm EIG Global Energy Partners, Enauta Participacoes SA and 3R Petroleum Oleo e Gas SA has submitted a non-binding offer for Brazilian oilfields Albacora and Albacora Leste, four sources familiar with the matter told Reuters. The exact value of the bid submitted to Brazil’s state-led... Continue Reading →
Equinor (STOHF) (OSE: EQNR, NYSE: EQNR) reports adjusted earnings of positive USD 0.76 billion and negative USD 0.55 billion after tax in the fourth quarter of 2020. IFRS net operating income was negative USD 0.99 billion and the IFRS net income was negative USD 2.41 billion, following net impairments of USD 1.30 billion and a... Continue Reading →
(Reuters) - France’s Total posted better than expected earnings in the fourth quarter as oil prices stabilised, and said it would change its name as part of a push to diversify and grow renewable power and electricity production. The French oil and gas major, which like rivals suffered in 2020 as fuel consumption tumbled during... Continue Reading →
- Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), following best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of January. Obs.: (1) Frade figures account for a 70% interest in the Frade Field. On February 5, 2021, the Company announced the closing of the acquisition... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on October 2, 2020, informs that its indirect subsidiary Petrobras Uruguay Sociedad Anónima de Inversión (PUSAI), concluded today the sale of its entire stake in Petrobras Uruguay Distribución S.A. (PUDSA), in Uruguay, to Mauruguay S.A., an indirect wholly-owned subsidiary of Disa Corporación Petrolífera S.A.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on November 28, 2019, informs that it has concluded today the sale of its 30% participation in the Frade field, located in the Campos Basin, north coast of the state of Rio de Janeiro, to PetroRio Jaguar Petróleo Ltda., a subsidiary of Petro Rio... Continue Reading →
( Bassoe Rig Analytics) While most regions are reporting lower offshore drilling rig activity, South America is bucking the trend - and this time it's not just Brazil driving demand. The South American rig market, led by Brazilian NOC Petrobras, has encountered its fair share of problems over the past years. The 2014 oil price crash... Continue Reading →
(Reuters) - Ecuador’s state oil company Petroecuador said on Thursday that trader Unipec America Inc had won a tender to purchase some 2.16 million barrels of Oriente crude at a discount of $0.79 per barrel to front month West Texas Intermediate (WTI) crude). Houston-based Unipec America is a unit of Beijing-based Unipec, the trading arm... Continue Reading →
Brazil Energy Insight 