Oilfield services provider Halliburton more than tripled its first quarter 2019 profit when compared to the prior-year while its revenues stayed flat. The company believes that the worst in the pricing deterioration is behind and predicts progress in demand for its services.  Halliburton on Monday posted a net income of $152 million for the first... Continue Reading →

All areas will be included in the permanent offer of ANP April 20, 2019 The board of the National Petroleum Agency (ANP) approved the termination of concession contracts for the fields of Lagoa Branca, Barra do Ipiranga, Rio Barra Seca, Rio Itaúnas Leste, Rio São Mateus Oeste, Mariricu Oeste, Jacupemba and Nativo Oeste, all on... Continue Reading →

4/21/2019 BEIJING (Xinhua) -- Overseas equity of oil and gas production of China National Petroleum Corporation (CNPC) rose 10% year over year in the first-quarter 2019. Production came in at 26.09 million metric tonnes of oil equivalent in first quarter, according to the international branch of CNPC, the country's largest oil and gas producer and... Continue Reading →

Houston-based manufacturer of drilling and production equipment Dril-Quip had product bookings in the first quarter of 2019 of approximately $99 million, which exceeded its prior guidance of $80 million. Dril-Quip said last week that included in the first quarter 2019 bookings was a previously disclosed order from a customer to supply subsea wellhead systems valued... Continue Reading →

Tender rig specialist Atlantica Tender Drilling has received a contract extension for one of its units with Petrobras in Brazil. Atlantica said last Thursday that Petrobras had exercised its right to extend the BassDrill Beta contract by 180 days. The extension starts in September 2019 and will last through March of 2020. Atlantica has two... Continue Reading →

ExxonMobil has made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. To remind, ExxonMobil made its tenth discovery offshore Guyana last December with the Pluma-1 well and the next two in February at the Tilapia-1 and Haimara-1 wells. Announcing the 13th discovery on Thursday ExxonMobil... Continue Reading →

Rio de Janeiro, April 18, 2019 - Petróleo Brasileiro S.A. – Petrobras announces that it has completed the drilling of the well 3-SES-192 (Petrobras nomenclature) / 3-BRSA-1367-SES (ANP nomenclature)l in the area known as Moita Bonita, located in the BM-SEAL-4 concession, 80 km from the city of Aracaju, at a water depth of 2,629 meters.... Continue Reading →

Schlumberger Ltd. said parts of its international business are finally starting to recover, but the world’s biggest oil services giant warned that spending by U.S. shale producers will continue to shrink in 2019. American fracking faces "another challenging year," the Paris and Houston-based company said Thursday. Elsewhere in the world, it sees growth in the shallow-water... Continue Reading →