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November 5, 2019 The two exploratory block auctions that the ANP will promote today and tomorrow are marked by record numbers, starting with the huge numbers that generate huge expectations in the industry and in the three Brazilian administrative spheres. Treated by the government as the biggest auction of all time, the TOR round will... Continue Reading →
6th November 2019 Wood today announced the creation of a new Technical Consulting Solutions (TCS) business unit, combining its diverse, multi-sector and technology-enabled specialist advisory and consulting capabilities into one global business. TCS immediately becomes a leader in the technical consulting space with an annual revenue of $2.8 billion and a connected global network of... Continue Reading →
November 4, 2019 Petrobras requested another six months from the National Petroleum Agency (ANP) to comply with its determination to sell blocks and fields in which it suspended its investment plans. Under the current term, the company has until December 31 to sell the assets. The request will be reviewed by the agency's collegiate board... Continue Reading →
Orders for floating production vessels, their variants and, by default, a lot of “EPCI” are expected to be higher over the next four years than believed at the end of 2018, says an analysis of business drivers done in November by numbers cruncher, World Energy Reports. With over 200 planning-stage projects contemplating a floating production... Continue Reading →
Brazilian oil workers’ unions have sued to block two massive deep-water crude tenders due to take place this week, while the country’s mines and energy minister said on Tuesday that the tender would be a big success. In Wednesday’s auction, known as the transfer-of-rights (TOR) bidding round, companies are expected to pay up to 106.5... Continue Reading →
Offshore accommodation specialist Prosafe has posted a net loss of $360 million in the third quarter of 2019, compared to a loss of $118 million a year ago. “Due to a prolonged downturn and weaker outlook in the North Sea, in particular, an impairment of $341 million has been made to the book value of... Continue Reading →
November 5, 2019 Petróleo Brasileiro S.A. - Petrobras clarifies that it has been fully complying with the schedule of commitments made in the agreement signed with the Administrative Council for Economic Defense (CADE) on July 8, 2019. It is worth mentioning the pre-established commitments in the agreement and that have been fulfilled by Petrobras: •... Continue Reading →
U.S. offshore engineering and construction company McDermott reported a loss for the third quarter of 2019 compared to a profit in the same period last year mostly due to charges of $1.5 billion related to impairment. McDermott on Monday reported revenues of $2.1 billion, a net loss of $1.9 billion, and an operating loss of... Continue Reading →
As Brazil approaches the biggest oil auction in its history — and one of the world’s most expensive ever — the field of deep-pocketed bidders has narrowed to less than a dozen oil majors. In Wednesday’s auction, known as the transfer-of-rights (TOR) bidding round, firms are expected to pay up to 106.5 billion reais ($26.5... Continue Reading →
November 4, 2019 The Brazilian Association of Petroleum Services Companies - ABESPetro, elected the new Board and Fiscal Council for the 2020/2021 biennium. Adyr Tourinho (BHGE) was elected CEO. The new Board also includes Anna Carvalho (Expro), Eduardo Chamusca (SBM), Jorge Mitidieri (Ocyan), Lauro Puppim (Saipem) and Ricardo de Luca (Port of Açu). To the... Continue Reading →
