03/05/2019 Sepia field submarine interconnection services should stay with McDermott. Petrobras did not accept the appeals filed by TechnipFMC and Subsea 7 that were seeking the disqualification of the US company, which presented the lowest bid price. The competitors claimed a discrepancy between the method of launching and welding reported in McDermott's technical proposal (reel-lay)... Continue Reading →

May 3, 2019 Petrobras has been holding workshops with the FPSO companies to discuss the new course of the sector, its demand for the coming years and new contracting modalities, such as the BOT (Build Operate Transfer) model - in which the charterer builds, operates for three , four or five years and then passes... Continue Reading →

Norwegian seismic giant TGS is set to acquire its rival Spectrum. The deal would, TGS says, create a leading provider of 2D and 3D seismic data. The two companies have agreed on the terms of the transaction which is s expected to be completed as a statutory merger pursuant to Norwegian corporate law between TGS... Continue Reading →

Norwegian oil and gas giant Equinor recorded an increase in its first quarter 2019 profit as its production remained on par with the same period in 2018. Equinor on Friday reported adjusted earnings of $4.19 billion in the first quarter 2019, down from $4.41 billion in the same period in 2018. Adjusted earnings after tax... Continue Reading →

Several major Occidental Petroleum Corp shareholders have voiced opposition to the oil company’s $38 billion bid for rival Anadarko Petroleum Corp that now includes a pricey financing deal with billionaire Warren Buffett Occidental and Chevron Corp are battling for Anadarko and its holdings of nearly a quarter million acres in the Permian Basin, the top... Continue Reading →

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 →