Chevron Corp (CVX.N) has held talks to acquire Pasadena Refining System Inc (PRSI), a Texas oil refining unit of Brazilian state-run oil firm Petroleo Brasileiro SA (PETR4.SA), three people familiar with the matter said this week. U.S. oil companies are looking to expand refining operations to handle rising volumes of crude flowing from the country’s... Continue Reading →
Exclusive – 16th bidding round and two pre-salt auctions with selected areas approved by ANP
October 26, 2018 ANP's board of directors approved the areas that will be nominated to the National Energy Policy Council (CNPE) to be tendered for in the bidding round, scheduled for 2019, and in the pre-salt auctions scheduled for 2020 and 2021. With the indication of the areas, ANP equals the pre-salt auction plans... Continue Reading →
Total: Third Quarter 2018 Results
Total’s Board of Directors met on October 25, 2018, to close the Group’s third quarter 2018 accounts. Commenting on the results, Chairman and CEO Patrick Pouyanné said: “Total’s third quarter adjusted net income increased by 48% from last year to $4.0 billion, while oil prices increased by 44% to 75 $/b supported by supply tensions... Continue Reading →
Petrobras Reduction of Relevant Shareholding Interest
Rio de Janeiro, October 25, 2018 – Petróleo Brasileiro S.A. – Petrobras, in compliance with article 12 of CVM Instruction Nº358 of January 3, 2002 and Circular Letter CVM/SEP/Nº002/2018, informs that it was notified by Caixa de Previdência dos Funcionários do Banco do Brasil (“PREVI”) that PREVI sold preferred shares issued by Petrobras, so that... Continue Reading →
Equinor third quarter 2018 and first nine months results
26/10/2018 Equinor reports adjusted earnings of USD 4.8 billion and USD 2.0 billion after tax in the third quarter of 2018. IFRS net operating income was USD 4.6 billion and the IFRS net income was USD 1.7 billion. The third quarter was characterised by: • Strong results and cash flow from operations. Net debt ratio... Continue Reading →
Brazil’s presidential front-runner would keep country in Paris Agreement
RIO DE JANEIRO (Reuters) - Brazil’s leading presidential candidate, right-wing Jair Bolsonaro, said on Thursday that he would not pull his country out of the Paris Agreement on climate change, reversing his earlier statements that he would exit the accord. About 60 percent of the Amazon rainforest lies within Brazil’s borders, and scientists have said... Continue Reading →
Oceaneering Posts Q3 Loss
Oceaneering International has reported a net loss of $66.0 million, or $(0.67) per share, on revenue of $519 million for the three months ended September 30, 2018. Adjusted net loss was $13.9 million, or $(0.14) per share, excluding the impact of $56.5 million of certain tax adjustments, the after-tax effects of a $9.3 million gain realized... Continue Reading →
TechnipFMC posts higher profit despite lower revenues
Oilfield services provider TechnipFMC has recorded an increase in its third quarter profit despite lower revenues as its orders exceeded revenues for the fourth consecutive quarter. In its 3Q 2018 report on Wednesday TechnipFMC said that total company revenue was $3.1 billion, a 24.1% decrease when compared to the last year’s quarter and revenues of $4.1 billion. The company’s... Continue Reading →
Aker Solutions Sees Profit and Orders Increase
Aker Solutions has strengthened earnings in the third quarter of 2018 as orders more than doubled from a year earlier amid increasing signs of a market recovery. Aker Solutions has seen its profit go up in the third quarter 2018 at NOK 155 million, versus net income of NOK 124 million same time last year. Orders in... Continue Reading →
Shell asks Ibama license to drill block in Santos pre-salt
Shell requested IBAMA to operate the offshore drilling activity in the Alto Cabo Frio Oeste block in the pre-salt of the Santos Basin. The area was acquired by the company in the 3rd Round of the Pre-salt in October last year. The Anglo-Dutch consortium (55%), China's CNOOC (20%) and QPI (25%) from Qatar won the... Continue Reading →
Brazil Energy Insight 