Big Oil’s big payday has finally arrived. The question now is how to spend the extra cash. Investors will be reading the third-quarter tea leaves to discern whether executives plan to boost dividends and buybacks, hike spending on shiny new mega projects, or perhaps even do both. Read more

10/23/18 Contract of the airline company with Seabed Geosolutions will last eight months Omni Táxi Aéreo held the first flight to support Seabed Geosolutions seismic campaign in the Búzios field. The contract foresees the use of medium and supermodel carriers with a capacity of up to 16 passengers with class changes on SR / V... Continue Reading →

10/23/18 BE Petroleo presents an overview of the main tenders and contracts of the segment The Brazilian subsea market will have a busy year-end, with a series of tenders entering the bidding phase and others being launched, while important contracts begin or come to an end. On the 29th, Petrobras will receive offers to supply... Continue Reading →

Brazil’s right-wing front-runner Jair Bolsonaro became a market darling in part by promoting massive energy privatizations. But investors shouldn’t hold their breath. Those plans are getting watered down as Bolsonaro, a former army captain who has a history of supporting economic nationalism, brings into his campaign more military officers who view oil extraction and power generation through... Continue Reading →

The man who will likely be Brazil’s next Defense Minister greeted two reporters waiting outside the door, then politely sent them packing. “I do apologize,” he said, before slipping back into a cramped hotel conference room in the capital of Brasilia. “On orders from Bolsonaro, it is radio silence until the election is over.” Read... Continue Reading →

  Petrobras' oil exports are set to rise sharply in 2019 and the company is operating overseas, especially in Asia, to develop more market, Petrobras president Ivan Monteiro said on Monday while attending a seminar at the Getúlio Vargas Foundation (FGV). The executive, who took office as president in June this year, after resignation of... Continue Reading →

Oilfield services provider TechnipFMC has been awarded a contract by an affiliate of ExxonMobil for the engineering of the subsea system for the proposed Liza Phase 2 project offshore Guyana.  Following engineering and subject to requisite government approvals, project sanction and an authorization to proceed with the next phase, TechnipFMC will then manufacture and deliver the subsea equipment.... Continue Reading →

U.S. oilfield services provider Halliburton recorded an increase in profit and revenues during the third quarter of 2018 compared to a year earlier.  Halliburton on Monday reported an income from continuing operations of $435 million for the third quarter of 2018. This compares to income from continuing operations for the third quarter of 2017 of... Continue Reading →

Norwegian owner and operator of offshore vessels Solstad Offshore has started negotiations with lenders to improve the overall liquidity situation prior to the North Sea winter season. According to the company, the winter season is expected to be challenging for the company’s liquidity position. Read more