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January 21, 2020 - Petróleo Brasileiro S.A. – Petrobras announced today that Banco Nacional de Desenvolvimento Econômico e Social – BNDES (the “Selling Shareholder”) has commenced an offering of up to 734,202,699 common shares, without par value, of Petrobras (the “Common Shares”), including Common Shares represented by American depositary shares, each of which represents two... Continue Reading →
Norwegian marine data acquisition firm EMGS has been awarded more work with the Mexican oil company Pemex in Mexico. As previously reported, EMGS had in June 2019 signed a two-year acquisition contract with Pemex with a valued at around $73.3 million, with the firm work secured for a minimum of $29.3 million. Continue reading
Brazil will start discussions on joining the Organization of the Petroleum Exporting Countries during a visit to Saudi Arabia in July, its energy minister Bento Albuquerque said on Wednesday. “I have a visit to Saudi Arabia in the middle of this year, then we can start the discussion,” Albuquerque told Reuters, adding that Brazil’s membership... Continue Reading →
January 21, 2020 Petróleo Brasileiro S.A. – Petrobras reports that the Higher Chamber of the Administrative Tax Appeals Council (CARF) issued today an unfavorable decision, by a casting vote, on an administrative tax proceeding which deals with the collection of PIS/COFINS - Import tax regarding remittances abroad for the payment of charters contracts in the... Continue Reading →
A vessel carrying Guyana's first-ever shipment of crude set sail on Monday bound for the U.S. Gulf Coast, oil major Exxon Mobil Corp said, marking the tiny South American nation's long-awaited debut as an oil exporter. The Suezmax vessel Yannis P, loaded with about 1 million barrels of Liza light sweet crude was bound for... Continue Reading →
BP signed an agreement with Angola aimed at acquiring oil further exploration rights, state news agency Angop reported, the latest in a flurry of agreements between oil majors and Africa's second-biggest exporter. The deal with the country's petroleum regulator ANPG defines the terms for a risk-sharing contract on offshore oil block 18/15 and was signed... Continue Reading →
Oil and gas companies are facing a critical challenge as the world increasingly shifts towards clean energy transition, and failure to address growing calls to reduce greenhouse gas emissions could threaten their long-term social acceptability and profitability, the International Energy Agency said Tuesday. The oil and gas industry now needs to make clear what clean... Continue Reading →
U.S. engineering and construction services company McDermott has informed that it has the support of more than two-thirds of all its funded debt creditors for a restructuring transaction that will equitize nearly all the company’s funded debt, eliminating over $4.6 billion of debt. Offshore Energy Today reported on Monday that McDermott could be filing for bankruptcy over... Continue Reading →
Halliburton on Tuesday posted a net loss of $1.7 billion for the fourth quarter of 2019. This compares to net income for the third quarter of 2019 of $295 million and net income of $664 million in the fourth quarter of 2018. Halliburton’s adjusted net income for the fourth quarter of 2019, excluding impairments and... Continue Reading →
BRUSA is a high capacity submarine cable connecting Brazil and the Americas. It was opened for business in August 2018 and stretches approximately 10,200 kilometers between Rio de Janeiro, Brazil, and Virginia Beach, USA. WaveLogic 5 Extreme was used on the BRUSA cable to provide greater scale and increased economic efficiencies and deliver 50 percent... Continue Reading →
