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(Reuters) - Italian energy services group Saipem is talking to investors about a possible funding package, the group said on Monday after warning it will take a heavy loss for 2021, triggering a halt in its shares to prevent a stinging sell-off. Saipem has struggled to regain traction after global lockdowns caused by COVID-19 throttled... Continue Reading →
Norway-based Petroleum Geo-Services (PGS) has reported an almost $6 million decrease in segment revenues in 2021 compared to 2020 due to, as the company says, the overall seismic market being “weaker”. Segment revenues and other income reached $590 million in 2021, compared to $595.9 million in 2020, which included $38.8 million of Covid-19 related government grants.... Continue Reading →
(Reuters) - Finland's Wartsila (WRT1V.HE) posted on Friday a surge in orders and solid sales and profits, but its operating margin and proposed dividend disappointed, sending shares in the marine and energy equipment maker down more than 8%. Comparable operating margin rose to 9.9% from 8.4%, but missed the 10.5% estimate in a poll of analysts provided... Continue Reading →
(Reuters) Siemens Energy has stepped up efforts to explore a full integration of wind turbine business Siemens Gamesa, sources told Reuters, after profit warnings and share price slumps last week exposed flaws in the current ownership structure. The company is currently working with advisers to look at options for how to best acquire the remaining... Continue Reading →
(Reuters) - Exxon Mobil Corp. (XOM.N) next month plans to start production at its second oil platform in Guyana, a person familiar with the matter said on Tuesday. Guyana is one of Exxon's top bets for production growth. Its recent discoveries are expected to drive recoverable oil and gas volumes beyond 10 billion barrels, the person said.... Continue Reading →
(PetroleoHoje) Ibama renewed Petrobras' seismic survey license in the Marlim, Voador and Albacora fields, in the Campos Basin. The validity of the authorization has been extended until January 5, 2023. This is 3D/4D Multiazimuth marine acquisition. The company responsible for the acquisition is Shearwater Geoservices. Activity, resumed on July 3, 2021, will cover 1,412 km².... Continue Reading →
(PN) The revitalization of exploratory activity in the Campos Basin gains new developments. Over the weekend, Shell carried out the drilling of the wildcat well Bob-1, in block C-M-791, off the coast of Rio de Janeiro. The well was drilled by Seadrill's West Tellus drillship in a water depth of 2,918 meters. The Brazilian Institute... Continue Reading →
(OE) Dutch FPSO leasing company SBM Offshore has agreed to sell down a 45% stake in the FPSO Almirante Tamandaré, one of the world's largest FPSOs, being built for Brazil's Petrobras. "SBM Offshore is pleased to announce that it has entered into a shareholder agreement with its long standing business partners Mitsubishi Corporation (MC) and... Continue Reading →
Brazil’s Petrobras has awarded TechnipFMC with a subsea engineering, procurement, construction and installation (EPCI) contract for its Búzios 6 field (module 7) greenfield development in the Santos Basin pre-salt area. The scope of the contract includes flexible and rigid pipe, umbilicals, pipeline end terminals, rigid jumpers, umbilical termination assemblies and a mooring system. According to... Continue Reading →
(OE) Brazilian oil company Enauta has agreed to buy FPSO OSX-2 for the Definitive System (DS) of the Atlanta oil field in the Santos Basin, offshore Brazil. The completion of the acquisition is contingent on compliance with the agreed contractual conditions and is expected to occur in the first quarter of 2022. "The acquisition of... Continue Reading →
Brazil Energy Insight 