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Houston-based EPCI company McDermott saw an increase in its second quarter 2018 profit on the back of higher revenues driven by projects for Saudi Aramco and Woodside. The company on Tuesday reported revenue of $1.7 billion and net income of $47 million for the second quarter of 2018 compared to revenues of $789 million and... Continue Reading →
Aberdeen-based inspection technology and service provider for the oil and gas industry, Innospection, Shell Brazil and SENAI CIMATEC technology institute in Salvador, Brazil, have recently signed a partnership agreement to develop a robot-based technology for in-service inspection of cargo oil tanks of FPSOs. Read more
7/31/18 What the operator needs to do to ensure the extension of the production phase of the field until 2041 Chevron has until 2024 to deliver a seismic assessment on the Frade field, in the Campos Basin, to the ANP. The study should contemplate 4D monitoring of the reservoir and identify opportunities for drilling... Continue Reading →
7/31/18 Oil company makes final tests to start drilling its first well in the basin this week Ouro Preto is ready to begin drilling its first well in the Parnaíba Basin on 1st of August. The QG-2 rig, from Queiroz Galvão Oil & Gas, is already in location and has been submitted the final inspection... Continue Reading →
Brazil’s three largest fuel distribution companies are under investigation for fixing prices at the pump, police said on Tuesday, reigniting debate over potential collusion among gas station owners in Latin America’s largest oil producer. The firms targeted by the probe are Petrobras Distribuidora SA (BRDT3.SA), a subsidiary of state oil company Petroleo Brasileiro SA (PETR4.SA);... Continue Reading →
U.S. offshore vessel owner Edison Chouest will employ more Guyanese workers aboard its vessels supporting ExxonMobil’s drilling operations in the Stabroek block, offshore Guyana. According to the Guyanese Department of Public information (DPI) Edison Chouest Offshore will soon open its local company ‘G Boats’ in Georgetown. Read more
British oil major BP has reported a profit of $2.8 billion for the second quarter of 2018. This was, the company says, four times the amount reported for the same period in 2017. Upstream reported the strongest quarter since the third quarter of 2014, coming at an underlying RC profit before interest and tax of $3,5... Continue Reading →
To remind, the binding phase for the assignment of all of Petrobras’ exploration, development and production rights in Enchova and Pampo Clusters, located in Rio de Janeiro state began late in February 2018. Responding to media reports that Ouro Preto Óleo e Gás has won the bidding race, Petrobras has issued a statement confirming the reports.... Continue Reading →
07/30/2018 Petrobras announces that it will disclose its 2018 Second Quarter Results on Friday, August 3, 2018, before the opening of the market. The company would like to invite investors and analysts for the conference call/webcast, with broadcast in Portuguese and simultaneous translation to English, as follow: August 3, 2018 (Friday) 2:00 pm (Brasília) 1:00... Continue Reading →
7/30/18 Delay in the Mero campaign forces Petrobras ask for a special authorization for the nodes survey for Búzios Petrobras requested a special authorization from IBAMA to simultaneously conduct two 3D seismic campaigns with nodes in the Santos Basin. The request is for the beginning of August for the survey in the field of Búzios,... Continue Reading →
Brazil Energy Insight 