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Singapore's Keppel Corp. Offshore & Marine division posted a profit for the full year 2019 citing cost cuts and lower impairment costs. For the full year, Keppel O&M posted a net profit of S$10 million, a significant increase compared to a loss of S$109 in 2018. The management attributed profitability to increased topline, cost management,... Continue Reading →
January 22, 2020 By Marcus D’Elia The long-awaited competition in the oil and gas market may delay more than expected. According to a study by Leggio, the sale of the eight refineries by Petrobras is not enough to generate competition in this market. For this to actually happen, it will also be necessary to expand... Continue Reading →
Jan 23, 2010 Petrobras evaluates new postponement of delivery of proposals for chartering of the third definitive production systems in the Mero 3 field The delivery of proposals for chartering the FPSO of Mero 3 may be postponed again. Last week, Petrobras' bidding committee sent a circular to the bidding invited companies, anticipating the possibility... Continue Reading →
Geoscience company ION Geophysical has entered into a multi-client agreement with Colombia’s National Hydrocarbon Agency (ANH) granting rights to reprocess existing data and acquire new 2D and 3D multi-client programs offshore Colombia’s Caribbean coast. In February 2019, the ANH announced a series of reforms to encourage investment in exploration and production, such as a permanent... Continue Reading →
The global shipping market is set for a recovery, benefiting from new global rules on marine fuels that came into effect at the beginning of the year after more than a decade of tough market conditions, according to IHS Markit. “Overall, there is strong optimism around demand for shipping in 2020,” said Rahul Kapoor, vice... Continue Reading →
Brazil produced 1.018 billion barrels of oil in 2019, marking the first time the South American nation passed the billion-barrel mark for annual production, the national oil regulator said on Wednesday. In a statement, the regulator, known as the ANP, said 2019 output increased 7.78% over the previous year. Brazil produced 3.106 million barrels per... Continue Reading →
Jan 22, 2020 Ocyan's Norbe VI rig starts operations today, under a contract signed for the next two years. The first campaing will be carried out in the Tartaruga Verde field, in the Campos Basin, with a duration of up to 45 days. Norbe VI is one of Ocyan's 5 deepwater drilling rigs. The rig... Continue Reading →
JAN 21, 2020 Ministry of Mines and Energy (MME) denied that the auction of the remaining areas of the Transfer of Rights (Sépia and Atapu) is being postponed to 2021. This is because the event had not yet a defined date and is being studied by technicians. The information was passed on to PetroNotícia by... Continue Reading →
Oilfield services provider Baker Hughes Co (BKR.N) missed analysts’ estimates for quarterly profit on Wednesday, hit by lower orders in its business that supplies turbines and compressors to liquefied natural gas (LNG) producers. Orders in the unit fell 10% year-over-year, with equipment orders dropping 16% and service orders decreasing 4%, amid concerns that demand for... Continue Reading →
Norway's seismic surveyor PGS plans to raise up to 850 million Norwegian crowns ($95 million) in new equity via a private placement to partly refinance its debts maturing in the next 18 months, the company said on Tuesday. The Oslo-listed company said it would use the proceeds from the private placement to partly redeem its... Continue Reading →
