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Anniversary year and start of a new chapter in the company’s history 2/13/2019 KASSEL, Germany -- Wintershall was founded exactly 125 years ago, on Feb. 13, 1894. “A proud birthday only few companies get to experience,” says Mario Mehren, Wintershall’s CEO. Wintershall is now Germany’s largest internationally operating crude oil and natural gas producer. It... Continue Reading →
Global Offshore Brazil Summit 2019 VENUE CHANGE Due to a recent flooding event at the Sheraton Grand Rio, the venue for the Summit will now be the Grand Hyatt Rio. We must thank the Sheraton and Hyatt for their great assistance under less than ideal circumstances. The agenda remains the same. Grand Hyatt Rio de... Continue Reading →
Oceaneering has reported a net loss of $64.1 million, or 65 cents per share, for the three months ended December 31, 2018. The result compares with net profit of $173.6 million same time last year. During the prior quarter ended September 30, 2018, Oceaneering reported a net loss of $66 million, or 67 cents per... Continue Reading →
World’s largest FPSO supplier SBM Offshore is set to increase its fleet as it plans to order another Fast4Ward FPSO hull soon. Fast4Ward is the company’s program aimed to standardize the FPSO construction and delivery process, thus reducing cost and speeding up the time to the market by up to 12 months. The company has... Continue Reading →
Rio de Janeiro, February 13, 2019 - Petróleo Brasileiro S.A. - Petrobras informs that it received the Official Letter No. 78/2019 -SAE, which requests the following clarification: Official Letter no. 78/2019 -SAE Dear Gentlemen, In news published by the Valor Econômico newspaper on 02/12/2019, under the title "Negotiation of TAG by Petrobras enters into final... Continue Reading →
The FBI is investigating trading firm Vitol’s top two executives in the Americas in connection with a Brazil bribery case involving deals with Petroleo Brasileiro SA, two sources with direct knowledge of the matter told Reuters. Mike Loya, Houston-based head of Vitol in the United States, and Antonio Maarraoui, the company’s head for Latin American... Continue Reading →
The global oil market will struggle this year to absorb fast-growing crude supply from outside OPEC, even with the group’s production cuts and U.S. sanctions on Venezuela and Iran, the International Energy Agency said in a report on Wednesday. The IEA left its demand growth forecast for 2019 unchanged from its last report in January... Continue Reading →
February 13, 2019 Average of the company was 107 thousand bopd in 2018, boosted by the development of the Lula field Galp's total oil and gas production increased 15% in 2018, boosted by Brazil and Angola. The average annual production value was 107 thousand bopd. In Brazil, the increase was due to the development of... Continue Reading →
February 13, 2019 The government has begun the round of meetings with operators to deal with the auction of the Transfer of Rights Assignment surplus. At this stage, no values will be discussed, such as the signature bonus and the Union participation in the production sharing, but present the rules of operation of the auction.... Continue Reading →
February 12, 2019 IOCs direct investments to the South Atlantic is consolidating itself as a supply hub In its latest financial report, released on March 8, Spectrum Geo seismic service provider noted that international oil companies are increasingly directing resources to E & P activities in the South Atlantic, especially in Brazil. "Our investments have... Continue Reading →
