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Oilfield services provider Schlumberger recorded a 14 percent increase in its second quarter 2019 net profit while expecting oil market sentiments to remain balanced. Schlumberger has also revealed that its CEO will retire after eight years in the role and the company has already lined up a replacement. Schlumberger on Friday posted revenues of $8.27... Continue Reading →
Singapore’s offshore drilling rig and vessel construction company Keppel O&M has returned to profit in the first half of 2019. The order book is at 2016 high, with a large chunk of new orders coming from renewables and LNG sectors. Keppel has also employed more than 700 people in 2Q. According to Keppel Corporation’s results... Continue Reading →
July 19, 2019 Petróleo Brasileiro S.A. - Petrobras clarifies media reports related to the supply of fuel to two Iranian vessels. Petrobras did not provide fuel to the exporting company because the Iranian vessels it contracted and the Iranian company that owns those vessels are sanctioned by the United States and are listed in the... Continue Reading →
U.S. and Brazilian authorities are investigating whether Honeywell International Inc’s (HON.N) use of third parties in Brazil violated the U.S. Foreign Corrupt Practices Act, Honeywell said in a regulatory filing on Thursday. The probes by the U.S. Department of Justice, Securities and Exchange Commission and Brazilian authorities involve third parties hired by Honeywell’s UOP oil... Continue Reading →
ANP approved the exit of Barra Energia from the Carcará project, in the exploratory block BM-S-8, in the pre-salt of the Santos Basin, with the transfer of its stake to Equinor, the project operator. Also ANP approved the assignment of a 3% equity interest in Equinor's project to Petrogal and another 3.5% to ExxonMobil.
The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses. Continue reading
After getting wind of a possible congressional proposal to strip him of some powers, Brazil’s President Jair Bolsonaro complained that the country’s lawmakers want to make him a ceremonial head of state, like the queen of England. That hasn’t happened yet, but when it comes to setting the nation’s legislative agenda, it’s clear who has... Continue Reading →
Wild Well Control, a Superior Energy Services company, has ordered BOP intervention skids and test units from Fugro for inclusion in its Subsea Response Kit. As part of the WellCONTAINED subsea capping stack program, the new 450/150 Mark 3 BOP intervention skids from Fugro are an advancement in both pumping capability and water depth rating... Continue Reading →
Siemens said earlier this week that the company would support BP for future upstream projects as one of the main electrical contractors (MEC) for its onshore and offshore global upstream projects. This allows BP access to Siemens technology, including the company’s digitization services with the goal of further developing environmentally friendly and safe operations. Siemens... Continue Reading →
According to Guyanese Department of Public Information, the Liza Destiny FPSO converted from a VLCC by Keppel, is expected to reach Guyana in September. Owned by SBM Offshore, the Liza Destiny FPSO will be deployed at Exxon-operated Liza field as part of the first phase of the development offshore Guyana. First oil is expected in... Continue Reading →
Brazil Energy Insight 