4/17/2019 LONDON, HOUSTON and SINGAPORE -- Argentina's first national offshore licensing round was held April 16, 2019, in Buenos Aires. Of the 38 blocks offered in an open bid round, 18 were licensed. The round attracted bids from 13 companies, with the winning bids totaling $718.28 million. All Majors participated in the bidding, aside... Continue Reading →

Offshore driller Transocean has secured more work for its drilling rig fleet, adding approximately $373 million in contract backlog since its last fleet status report in February. In the latest fleet status report issued on Wednesday, April 17 Transocean said that its total backlog is now $12.1 billion. During this period, Transocean has secured new... Continue Reading →

Singapore’s offshore rig builder Keppel Offshore & Marine bounced back to the black during the first quarter of 2019 from a loss in the same period of 2018. Keppel Offshore & Marine Division’s revenues were flat year on year amounting to S$332 million (US$245M) in both the first quarter of 2018 and 2019. The Offshore... Continue Reading →

Italian oilfield services contractor Saipem returned to profit in the first quarter of 2019 from a loss in the prior-year period thanks to strong performance in the Offshore Engineering & Construction division. According to its financial report for the first quarter of 2019, Saipem’s revenues increased by 12.6% to €2.16 billion ($2.4B) in 1Q 2019... Continue Reading →

Brazil’s government will require a signing bonus of 106 billion reais ($26.9 billion) in an auction of exceeding oil from the pre-salt fields scheduled for Oct 28, Economy Minister Paulo Guedes said on Wednesday. Companies bidding would also have to compensate state-run oil company Petrobras for investments that Petrobras already made in the blocs. The... Continue Reading →

Top oilfield services provider Schlumberger NV reported a 19.8 percent fall in quarterly profit on Thursday, hit by weak demand for its equipment and services from oil producers under pressure to rein in spending. Schlumberger said net income fell to $421 million, or 30 cents per share, in the three months ended March 31, from... Continue Reading →

Rio de Janeiro, April 17, 2019 – A Petróleo Brasileiro S.A. – Petrobras informs that it has decided to increase the diesel price by R$ 0.10/liter, which implies a minimum variation of 4.518% and a maximum of 5.147% in its 35 points of sale in Brazil. This increase will be effective as of tomorrow, 04/18/19.... Continue Reading →

4/17/2019 Magni Partners presented the best offer for the purchase of the four drill ships of the group - Urca, Frade, Arpoador and Guarapari - with the proposal of US $ 250 million. However, as the price was well below the minimum value of $ 554 million, the result of the bidding will still have... Continue Reading →

April 17, 2019 The objective of the French oil company is to expand the production of the field in the pre-salt of the Santos Basin Scheduled this year, Lapa's new development campaign in the Santos Basin pre-salt will include drilling four wells in the field, Total told BE Petróleo. According to the company, the works... Continue Reading →

Oil major ExxonMobil has increased holdings in Argentina after its subsidiary ExxonMobil Argentina Offshore Investments and an affiliate of Qatar Petroleum won three exploration blocks during Argentina’s first offshore bid round. The award adds approximately 2.6 million net acres to its existing holdings in Argentina, which includes the onshore Vaca Muerta unconventional oil play and... Continue Reading →