C-Kore Systems has welcomed Diego Baraldi to the company to represent C-Kore as sales manager – South America. Diego has over 15 years of experience in the offshore oil & gas sector, starting his career with Halliburton as field engineer and then working for Lupatech as business development manager. For the past 6 years Diego... Continue Reading →

UK subsea engineering, construction and services company Subsea 7 recorded a loss during the first quarter of the year while its revenues increased driven by its SURF and Conventional business unit. Subsea 7’s net loss remained nearly flat totaling $19 million in the first quarter 2019 compared to the net loss of $18 million in... Continue Reading →

Oil major Shell on Thursday reported $5.4 billion earnings on a CCS basis, excluding identified items for the first quarter of 2019. This is a two percent drop compared to the first quarter of 2018, but still, a better result than analysts expected. Shell said the result reflected lower realized chemicals and refining margins, decreased... Continue Reading →

Rio de Janeiro, May 1, 2019 - Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 01/30/2019, informs that it has completed, through its subsidiary Petrobras America Inc. (PAI), the sale to Chevron USA Inc. (Chevron) of 100% of its shares in the companies that encompass Pasadena's entire refining operations system in... Continue Reading →

Petroleos Mexicanos swung to a 35.7 billion peso ($1.84 billion) net loss during the first quarter as revenues and crude output at the heavily-indebted Mexican state oil company fell, results posted to the stock exchange showed on Tuesday. Revenues at Pemex were 356.3 billion pesos during the January-March period, down 10.4 percent from 397.4 billion... Continue Reading →

Norwegian oilfield services provider Aker Solutions recorded an increase in its quarterly profit and revenues driven by high activity levels. Looking ahead, Aker Solutions expects an increase in energy demand. Aker Solutions recorded an increase in its first quarter 2019 net income which totaled NOK 149 million ($17.2M) compared to NOK 105 million ($12.1M) in... Continue Reading →

Oil and gas companies DEA and Wintershall have completed the previously announced merger agreement, creating Wintershall Dea, a company deemed the largest independent exploration and production company in Europe. In a joint statement on Wednesday, BASF (parent company of Wintershall) and LetterOne (parent company of DEA) said that Wintershall Dea would be managed by an Executive... Continue Reading →

Rio de Janeiro, April 30, 2019 - Petroleo Brasileiro S.A. - Petrobras will release 2019 first quarter results (1Q19) on May 7, after the closing of the market in Brazil (B3). On May 8 will be held two teleconferences/webcasts (Portuguese and English) to present its results to the company’s analysts and investors. The first, in... Continue Reading →

Baker Hughes reported negative free cash flow for the first quarter at a time energy investors have been pushing companies to aggressively shore up capital for dividends and buybacks, sending its shares down as much as 8.5 percent. Oilfield service companies, including bellweather Schlumberger NV and Halliburton Co, are planning to spend less in 2019,... Continue Reading →

4/30/2019 Volmir Korzeniewski will be, as of July 1, 2019, the new country manager and senior vice president for Products for Brazil at Aker Solutions. He replaces Maria Peralta, who takes the position of executive vice president for Aker Solutions Products in Norway. "Brazil continues to be an important market for Aker Solutions, as well... Continue Reading →