Seismic player Polarcus returned to profit in the first quarter of the year despite lower revenues. Polarcus on Friday posted a net profit of $2.8 million for the first quarter of 2018, compared to a net loss of $38 million in the corresponding period of 2017. Read more
Pre-salt auction: 11 of the 16 companies participated in the 15th round
The Special Bidding Commission for the 4th pre-salt auction, which will take place on June 7, approved the participation of the 16 companies that have expressed interest in the competition. 11 of the registered companies bid on the 15th round of the ANP, which tendered blocks in six offshore basins, including areas in the pre-salt... Continue Reading →
Five Japanese firms invest in Petrobras-chartered FPSO
Five Japanese firms have teamed up to build an FPSO to be chartered to the Brazilian oil company Petrobras. Mitsui, MOL, Marubeni, and Mitsui E&S will invest in a long-term charter business currently promoted by the Japanese FPSO specialist MODEC, related to the provision of an FPSO for Petrobras’ Mero field offshore Brazil. Read more
McDermott wrapping up CB&I acquisition
Offshore engineering and construction specialist McDermott has made a step toward completion of the acquisition of CB&I. The company on Thursday announced the completion of the reverse split of its common stock and the expiration and results of its previously announced exchange offer for shares of Chicago Bridge & Iron Company N.V. (“CB&I”). Read more
Petrobras Clarification on News on TAG
Rio de Janeiro, May 8, 2018 - Petróleo Brasileiro S.A. - Petrobras reports that it received the Official Letter No. 189/2018/CVM/SEP/GEA-1, which requests the following clarification: Official Letter No 189/2018/CVM/SEP/GEA-1 "Dear Officer, 1. We refer to the news published on 05.05.2018 in the newspaper “O Estado de São Paulo,” Business section, entitled "Engie becomes the... Continue Reading →
Reuters: No Maersk Drilling sale in 2018. Diamond Offshore, Borr drilling might bid
Danish shipping giant Maersk Group might not sell its drilling division Maersk Drilling in 2018, as previously planned. According to a Reuters report on Wednesday, the Danish company which has so far offloaded Maersk Oil and Maersk Tankers might wait some more with the divestment of its offshore drilling business. Read more
Westwood: Best time to drill for oil and gas in years
Energy intelligence group Westwood feels that now is the best time to explore for oil and gas in the last decade. In an article written as an introduction to its State of Exploration report, Westwood said renewed optimism was the theme for exploration in 2018, driven by higher oil prices and improving exploration performance. Read... Continue Reading →
PGS licenses campaigns in the Santos and Campos Basins
May 10, 2018 PGS Offshore is licensing two campaigns to acquire non-exclusive seismic data in the Campos and Santos Basins. The campaigns cover the areas auctioned in round 14 and round 15 of the ANP, held in September last year and in March this year. In the two auctions 21 blocks were bought in the... Continue Reading →
Petrobras to contract contingency services for Manati
Petrobras has launched a tender to contract operation and maintenance services for advanced bases for emergency response in the Manati field in the Camamu Basin in Bahia. The scope includes the operation of six hydrocarbon spill response bases on the PMNT1 platform, the Manati gas pipeline and its shore-based support vessels. Among them are one... Continue Reading →
Petrobras Divestment in the Fertilizer Sector: Granting for exclusive negotiation
Rio de Janeiro, May 9, 2018 – Petróleo Brasileiro S.A. – Petrobras, further to the press release disclosed on 12/19/2017, informs the beginning of negotiations with Acron, with exclusivity for a period of 90 days, related to the sale of its total stake in Araucária Nitrogenados SA (Ansa) and the sale of its Nitrogen Fertilizer... Continue Reading →
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