Rio de Janeiro, February 7, 2018 - Petróleo Brasileiro SA - Petrobras, pursuant to the Press Release disclosed on 12/18/2017, informs that the Court of the Administrative Council for Economic Defense (CADE) has approved the sale of Companhia Petroquímica de Pernambuco (PetroquímicaSuape) and Companhia Integrada Têxtil de Pernambuco (Citepe), Petrobras wholly-owned subsidiaries, to Alpek, subject... Continue Reading →
Total 2017 Results
Please see attached presentation. Total 2017 results
Five FPSOs in bidding process in Brazil
Feb. 7, 2018 Petrobras will launch next week a tender for the contracting of the FPSO that will be part of the Integrated Project of the Parque das Baleias in the Campos Basin. The information is from the director of Corporate Affairs of the company, Eberaldo de Almeida Neto. Proposals for the unit should be... Continue Reading →
Searcher Seismic builds up Argentinian seismic database ahead of bidding round
Searcher Seismic, an independent seismic data acquisition company, has expanded its Argentinian multi-client library by offering over 97,000 km of seismic data and an analysis of offshore wells. Searcher Seismic said on Wednesday that the release of its technical dataset comes in preparation for the highly anticipated Argentina Offshore Bidding Round 1, expected to be... Continue Reading →
Aker Solutions lands four-year services contract in Brazil
Norwegian oil services company Aker Solutions has won a contract to provide maintenance and modifications services for three platforms at Petrobras-operated oil and gas fields offshore Brazil. The four-year contract is valued at about NOK 800 million ($101.1 million) and includes an option for a one-year extension, the oil services company said on Thursday. Read... Continue Reading →
STATOIL 2017 fourth quarter & year end results
Statoil reports adjusted earnings of USD 4.0 billion and USD 1.3 billion after tax in the fourth quarter of 2017. IFRS net operating income was USD 5.2 billion and the IFRS net income was USD 2.6 billion. The fourth quarter was characterised by: Strong earnings and underlying cash flow. Net debt ratio at 29.0% [5]... Continue Reading →
Aker Solutions ASA: Fourth-Quarter Results 2017
February 7, 2018 4Q 2017 Financial Highlights Revenue NOK 6.4 billion EBITDA NOK 458 million EBITDA margin 7.1% EBITDA ex. special items NOK 482 million EBITDA margin ex. special items 7.5% Earnings per share ex. special items NOK 0.55 Order intake NOK 13.4 billion Order backlog NOK 34.6 billion Aker Solutions won the most orders... Continue Reading →
International offshore rig count short by ten units year-over-year
The international offshore rig count for the first month of 2018 increased sequentially but dropped when compared to the same period of 2017, according to a Wednesday report by Baker Hughes, a GE company. As detailed by Baker Hughes, the international offshore rig count for January 2018 was 196, up 5 from the 191 counted in December 2017,... Continue Reading →
Chevron mulling participation in Brazil’s March oil auction
The auction, slated for March 29, will offer 70 blocks in the offshore Ceará, Potiguar, Sergipe-Alagoas, Campos and Santos basins and on-shore basins of Parnaíba and Paraná. Read more
Anadarko books profit, cuts spending
U.S. oil company Anadarko Petroleum Corporation returned to profit in the fourth quarter of 2017 and slightly decreased its capital spending outlook for 2018. Anadarko on Tuesday reported net income attributable to common stockholders of $976 million, compared to a loss of $515 million in the same period of 2016. Read more
Brazil Energy Insight 