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 →

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 →

07/30/18 Expectation is that the first platform for Mero will have similar volume of works executed in the country The FPSO Carioca, destined for the Sepia field, should have only two modules manufactured and integrated in Brazil: the vapor recovery skids and the flare system. In the Brasfels package, which will carry out work in... Continue Reading →

Rio de Janeiro, July 30, 2018 – Petróleo Brasileiro S.A. – Petrobras, following up on the disclosures made on 09/22/2017 and 03/02/2018, informs the beginning of the binding phase related to the full sale of its exploration, development and production rights in onshore fields of SergipeTerra 2 Cluster, located in Sergipe state. At this stage... Continue Reading →

Houston-based offshore driller Diamond Offshore recorded a loss in the second quarter amid impairment charges and lower revenues.  The driller on Monday posted a net loss $69.27 for the second quarter of this year compared to a profit of $15.95 million in the same period last year. This includes rig impairment charges totaling $27.2 million... Continue Reading →

RIO DE JANEIRO (Reuters) - A Brazilian judge on Friday temporarily suspended an order requiring Petroleo Brasileiro to pay up to 17 billion reais ($4.58 billion) in a wage spat, accepting an argument by the state-controlled oil company that such a payment would risk causing it “irreparable damage.” The injunction suspends a ruling last month... Continue Reading →

July 27, 2018 The ANP received 85 requests from 17 companies for additions to the local content clauses for contracts signed in seven rounds of exploratory areas and two auctions for areas with marginal accumulations. There are 68 requests for projects onshore and 17 offshore, especially the Libra project, which has already had partial waiver... Continue Reading →