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Norwegian engineering company Aker Solutions aims to generate about half of its revenue from renewable or distinct low carbon solutions by 2030, according to the company’s 20/25/30 strategy. n a statement on Wednesday, Aker Solutions said the oil and gas industry would remain Aker Solutions’ biggest market, but over the next decade the company would... Continue Reading →
Norwegian engineering company Aker Solutions recorded a decrease in its third quarter 2019 profit, but its revenues jumped by 9% driven by increased activity levels compared to the same period last year. Aker Solutions said in its quarterly report on Wednesday that its net income in the third quarter 2019 was NOK 93 million ($10.2M),... Continue Reading →
Oct 22, 2019 The Dutch group OOS is the new owner of the semi-submersible ODN Delba III, which until August was part of Ocyan's fleet in Brazil. The company acquired the equipment after settling the operation with a pool of banks financing the unit, led by the Inter-American Development Bank (IDB). Made in conjunction with... Continue Reading →
Temasek, which currently owns 20,45 percent in Keppel, intends to offer S$7.35 per share for 30,55% Keppel shares, an offer estimated to be valued at ~S$4,1 billion. The announcement of the intention to make an offer was made on Monday by Morgan Stanley, on behalf of Temasek’s subsidiary Kyanite Investment. According to Temasek, the price... Continue Reading →
Houston-based Helix Energy Solutions recorded an increase in its quarterly profit boosted by higher utilization in the well intervention business in the Gulf of Mexico and Brazil. In its quarterly report on Monday, Helix said it had recorded a net income of $31.6 million for the third quarter of 2019 compared to $27.1 million for... Continue Reading →
A triangular business arrangement involving an equipment supplier, service provider and Petróleos Mexicanos (Pemex) has stumbled into the federal civil courts in a dispute over the disbursement of funds. A dispute over the disbursement of funds led to a complaint filed in District 7 on December 16, 2016 (File #666/2016) by Mexico City-based TRESE (its... Continue Reading →
Seabed Geosolutions, a joint venture between Fugro and CGG, has secured a letter of award to provide a 3D ocean bottom node (OBN) survey offshore Brazil. Fugro said on Monday that the 410 square kilometer survey in the Santos Basin has a contract value of over $50 million. The company added that the survey would... Continue Reading →
U.S. engineering firm McDermott has entered into an agreement with lenders under which the company will have access to up to $1.7 billion of additional financing, including a letter of credit capacity. McDermott said on Monday that the company would have immediate access to $650 million of financing comprised of $550 million under a term... Continue Reading →
Halliburton Co reported a bigger-than-expected 10% drop in quarterly revenue on Monday, as the oilfield services provider battled lower demand from shale oil producers in North America, its biggest market. Revenue from North America, which accounts for more than half of the company’s total, fell 21% in the third quarter, primarily due to lower pressure... Continue Reading →
Schlumberger NV beat Wall Street estimates for profit on Friday, in the first quarter under Olivier Le Peuch, as higher international drilling activity boosted demand for its equipment and services and helped counter weakness in North America. The international business has been a bright spot for the world's largest oilfield services provider since last year... Continue Reading →
Brazil Energy Insight 