Rio de Janeiro, April 24, 2018 - Petróleo Brasileiro SA - Petrobras informs that it has executed, through its subsidiaries Companhia Integrada Têxtil de Pernambuco - CITEPE and Companhia Petroquímica de Pernambuco – PETROQUÍMICASUAPE, debt prepayments in the total amount of R$ 1.73 billion, of which R$ 1.59 billion with the Brazilian Development Bank (BNDES),... Continue Reading →
Statoil Shows a Return to Better Times Is Within Big Oil’s Grasp
Statoil ASA showed that a return to profit levels from the era of $100 a barrel is within the grasp of the world’s oil giants. The Norwegian producer posted the highest net income since 2014, giving a first indication of what’s in store for investors in the other major energy companies that present first-quarter earnings this... Continue Reading →
Which are the 15 companies that have expressed interest in the 4th pre-salt auction?
The National Petroleum Agency (ANP) announced on Tuesday that it had received 15 expressions of interest for the 4th pre-salt auction, which will take place on June 7. Applications for registration will still be analyzed by the Special Bidding Commission (CEL), which empowers companies that can participate in the competition. The bidding is for the... Continue Reading →
INTEGRATION OF THE P-76 MODULES WILL BE COMPLETED BY THE END OF THE YEAR/Techint
April 20, 2018 Proving the quality and efficiency of the domestic industry, despite the dismantling of the local content policy, Techint is preparing to complete the integration of the modules of the P-76 platform, which will be used in Búzios 3, in the pre-salt , with a production capacity of 150,000 barrels of oil... Continue Reading →
This Is Big Oil’s Quarter to Lose
24 de abril de 2018 12:41 BRT Free cash flow will be the highest in years; all the sector needs now is discipline. By Liam Denning/Gadfly Hey Big Oil, don’t screw this one up. By this time next week, we’ll know how the big five Western oil majors – Exxon Mobil Corp., Chevron Corp., Royal Dutch... Continue Reading →
Motor-Services Hugo Stamp confirms acquisition of PP Engenharia of Brazil
The North American group MSHS (Motor-Services Hugo Stamp) announced this week the acquisition of the Brazilian PP Engenharia. The new company, MSHS Brasil, is born with about R $ 27 million of contracts in portfolio, of which more than 30% (approximately R $ 10 million) with Petrobras. With a focus on maintenance services for engines... Continue Reading →
OOS Flotel arrives in Brazil
OOS Tiradentes (CR-600) will arrive in Brazil in the first week of May to operate for Petrobras. Coming from the Yantai shipyard in China, where it was built, the unit will start at the Albacora field, supporting the P-31 platform. Tiradentes arrives in Brazil to replace the OOS Prometheus contract, which operated for Petrobras and... Continue Reading →
Mega package of wells for Libra
The Libra Consortium - Petrobras (40%), Shell (20%), Total (20%, CNOOC (10%) and CNPC (10%) - is expected to launch a bid for a new phase of asset development in the Santos Basin pre-salt. With 17 wells, this will be the largest integrated well services package bid by Petrobras, and the trend is that only... Continue Reading →
McDermott posts higher profit and revenues
Houston-based EPCI contractor McDermott recorded an increase in both profit and revenues for the first quarter of 2018, which, if all goes according to plan, will be McDermott’s last full quarter as a separate company before it merges with CB&I. McDermott, which recently rejected a takeover offer by Subsea 7, on Tuesday posted its first... Continue Reading →
Helix Energy narrows quarterly loss
Houston-based oil and gas services provider Helix Energy Solutions narrowed its net loss as its revenues grew during the first quarter of the year. The company on Monday reported a net loss of $2.6 million for the first quarter of 2018 compared to a net loss of $16.4 million for the same period in 2017... Continue Reading →
Brazil Energy Insight 