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
QGEP: 2nd Carcara payment from Statoil imminent
Brazil’s QGEP has informed that Statoil has so far paid it half of the total purchase price for its stake in a block offshore Brazil, and that the remaining payments would be following soon. Statoil in December 2017 said it had completed the acquisition of a ten percent stake in the BM-S-8 block, located in the... Continue Reading →
Sale of Pasadena Refinery: Opportunity Disclosure – Teaser
Rio de Janeiro, February 6, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that it has started, through its affiliate Petrobras America Inc ("PAI"), the opportunity disclosure stage (“Teaser”) related to the sale of the Pasadena Refinery, located in the United States of America. The opportunity encompasses Pasadena's entire refining operations system, including the refinery,... Continue Reading →
Chevron seeks partners for the 15th round of bidding
February 6, 2018 Chevron is seeking partners to compete for projects in the 15th round of the ANP. The oil company is operator of the Polvo field, in the Campos Basin, and the exploratory block CE-M-715, won in the 11th round in partnership with Ecopetrol. The 15th round of the ANP will offer 70... Continue Reading →
Halliburton Takes Fracking Fight From Oil Field to Patent Office
Halliburton Co. isn’t content to limit its battle for market share with Schlumberger Ltd. to the oil field these days. It’s opened a new front in an unlikely place: the patent office. The Houston-based provider of drilling services is waging an aggressive campaign to persuade the U.S. Patent and Trademark Office to cancel some of Schlumberger’s fracking-related patents,... Continue Reading →
BP Dodges Oil-Industry Gloom as Profit Jumps With Production
BP Plc dodged the disappointment that afflicted other oil-company earnings as it did a better job of exploiting the upswing in crude prices. Oil and gas output rose following the startup of seven new projects last year, helping the London-based giant post a fivefold increase in fourth-quarter profit from a year earlier to the highest since... Continue Reading →
Exxon wants bigger FPSO for Phase 2 of Liza development in Guyana
ExxonMobil, working to develop the giant Liza oil discovery offshore Guyana using an FPSO built in Singapore, is not sitting on its laurels. The company, which plans to bring the first phase of the Liza field online in March 2020, is already thinking about the phase two. Namely, in a conference call on Friday, Exxon... Continue Reading →
Brazil Energy Insight 