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August 5, 2019 Petróleo Brasileiro S.A. - Petrobras reports that its Executive Board has approved revision of its LPG pricing policy for residential use, sold for bottling in cylinders of up to 13 kg, including smaller capacity cylinders, such as 5 kg and 8 kg, which meet the demand for lower volumes. Prices charged by... Continue Reading →
Aug 5, 2019 Diamond Offshore Drilling (DO) came out with a quarterly loss of $0.99 per share versus the Zacks Consensus Estimate of a loss of $0.89. This compares to loss of $0.33 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -11.24%. A... Continue Reading →
San Jose-based Deep Ocean Engineering (DOE) has announced the addition of a new type of remotely operated vehicle (ROV) to its product line, the Phantom X8. This electric, light work-class, vehicle is the largest and most heavy-duty ROV manufactured by DOE and packs a robust design for deep sea maneuverability and power. Deep Ocean Engineering... Continue Reading →
The world’s biggest oil companies have been steadily shifting investments toward natural gas, driven by an emerging globally traded market and environmental concerns. But right now they’re taking a hit as prices tank. Supermajor energy producers -- Exxon Mobil Corp., Royal Dutch Shell Plc, Chevron Corp., Total SA and BP Plc -- saw a steep... Continue Reading →
Exxon Mobil Corp (XOM.N) reported a 21% drop in quarterly profit on Friday, hit by weaker natural gas prices, lower refining profits and a loss in its U.S. chemicals business. The largest U.S. oil producer’s net income fell to $3.13 billion, or 73 cents per share, in the second quarter, from $3.95 billion, or 92... Continue Reading →
Offshore drilling contractor Noble Corporation reduced its quarterly loss as its revenues grew during the second quarter of 2019, but the company was affected by a charge related to the Paragon Offshore spinoff. Noble on Thursday reported a net loss attributable to the company for the second quarter 2019 of $152 million, on total revenues... Continue Reading →
Oil major Chevron Corporation saw an increase in its quarterly earnings boosted by record production volumes driven by growth in the Permian Basin and at Wheatstone in Australia. Chevron on Friday reported earnings of $4.3 billion for second quarter 2019, compared with $3.4 billion in the second quarter of 2018. Included in the current quarter... Continue Reading →
August 2, 2019 - Tokyo MODEC, Inc. is pleased to announce that it has developed the "MODEC NOAH" and "M350", next generation new built hulls for Floating Production Storage and Offloading (FPSO) vessels utilizing its extensive knowledge, experience and proven successes in engineering, construction, operations and maintenance of FPSOs as a leading company in... Continue Reading →
July 31, 2019 The Comptroller General of the Union (CGU) and the Attorney General of the Union (AGU) signed a leniency agreement with Camargo Corrêa, investigated by the Lava Jato. The company will have to pay the injured entities and the Union the amount of R $ 1,396 billion by January 2038. The amount involves... Continue Reading →
Aug 1, 2019 Nova Trasportadora do Sudeste (NTS) expects to invest 900 million reais over the next five years, while seeking to become more efficient and prepare the company for future expansion of the network and attract new customers beyond Petrobras, said the company president Wong Loon. According to the executive, the company plans to... Continue Reading →
Brazil Energy Insight 