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Dutch offshore vessel and services provider Royal IHC has decided to reorganise to be in line with “a realistic turnover ambition”. This means that about 300 jobs will be lost in the Netherlands and as many as 300 in other locations. In order to return to profitability, after its takeover by an industry consortium, and to offer... Continue Reading →
DOF Subsea has reported NOK 133 million loss in the third quarter of 2020, against NOK 1.1 billion in Q3 2019. The company generated operating revenue of NOK 1.2 billion, against NOK 1.15 billion same time last year. Revenue also includes cancellation fee of NOK 110 million for two long-term contracts that have been cancelled. Operating profit... Continue Reading →
Oil and gas services firm SBM Offshore raised its full-year core profit guidance on Thursday on the back of a 23% increase in nine-month revenue and said it had started work on a pilot floating offshore wind project in France. The Dutch company, which supplies floating oil and gas production vessels, now expects 2020 earnings before interest,... Continue Reading →
While offshore Brazil, Guyana and to a lesser extent Suriname are gaining the lion’s share of attention when it comes to South American offshore oil, with opportunities opening-up in Colombia. The Andean country’s Caribbean coast is believed to hold considerable oil and natural gas potential. It was with much fanfare that Diego Mesa, Colombia’s Minister of Mines and... Continue Reading →
(Reuters) - Global oil demand is unlikely to get a significant boost from the roll-out of vaccines against COVID-19 until well into 2021, the International Energy Agency (IEA) said on Thursday, a view that is likely to dampen oil price gains since vaccine progress was announced earlier this week. “It is far too early to... Continue Reading →
U.S. classification and technical advisory services provider ABS has launched a new notation and new guidance amid the COVID-19 pandemic to help marine and offshore operators reduce transmission of disease. The ABS Guide for Mitigation of Infectious Disease Transmission On Board Marine and Offshore Assets, an industry first, discusses how the physical arrangement of a... Continue Reading →
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), in compliance with article 157 of Law 6404/1976, with CVM instruction 358/2002, and article 26 of the Novo Mercado Regulation, announces to its shareholders and the market in that Mr. George Kassab has resigned from his position as Investor Relations Officer, for personal reasons. At a meeting... Continue Reading →
Mitsui evaluates to sell its 49% stake in Gaspetro, a holding company with a stake in 19 gas distributors in the country. Gaspetro is controlled by Petrobras, with 51%, a stake that is being sold by the state oil company. Value Information. - As a partner, Mitsui has preemptive rights in the purchase, but would... Continue Reading →
Brazilian offshore support vessel operator CBO has tasked maritime equipment manufacturer Wärtsilä, based in Finland, to convert one of its offshore vessels to operate with hybrid propulsion. The vessel selected for the upgrade is the 2012-built platform supply vessel CBO Flamengo. According to Wärtsilä, the CBO Flamengo will be the first vessel in Brazil and... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on July 21 and 29, August 26 and October 9, 2020, hereby informs that a judicial decision was issued at the end of yesterday, by the 5th Business Court of Rio de Janeiro, which annulled, due to serious flaws and improprieties, the partial sentence... Continue Reading →
