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Oct 31, 2019 Quarter Highlights Year-to-date Net Revenue of R$ 1.1 billion. Net Revenue of R$ 399 MM in the quarter, a 78% increase vs 3Q18. Adjusted EBITDA (ex-IFRS 16) of R$ 215.9 MM. Highest ever adjusted EBITDA margin (54%). Company lifting cost reduced to U$S 22,9/bbl, lower than 3Q18 (US$ 26.6/bbl). Highest ever adjusted... Continue Reading →
Oceaneering has reported a net loss of $25.5 million, or 26 cents per share, for the three months ended September 30, 2019. The result compares with net loss of $66 million same time last year. During the prior quarter ended June 30, 2019, Oceaneering reported a net loss of $35 million, or 36 cents per... Continue Reading →
October 31, 2019 ANP projection considers round zero contracts that have been extended for up to 27 years To revive the mature fields of the twelve contracts of round of the zero concession extended by the ANP will require investments of US $ 29 billion over 27 years. The projection was made by Marcelo Castilho,... Continue Reading →
Brazil’s central bank cut its benchmark interest rate to a new all-time low of 5.00% on Wednesday as expected, but signaled that further easing may be less aggressive than it has been in recent months, despite inflation running well below target. In a change from recent statements, the bank’s policymakers warned that the historically low... Continue Reading →
Brazil’s Petrobras aspires to reduce the amount of time from oil discovery to first production at its deepwater fields by almost 50% by 2029, while exploring ways to skip the exploratory drilling phased, an executive said on Wednesday. Petroleo Brasileiro SA (PETR4.SA), as the firm is formally known, wants to cut the period of time... Continue Reading →
Oilfield services provider Baker Hughes reported a rise in its third quarter 2019 profit as its orders grew by 35 percent when compared to the same period last year. According to its quarterly report on Wednesday, Baker Hughes’ orders were $7.8 billion in the third quarter 2019, up 35% year-over-year when its orders were $5.7... Continue Reading →
Oil and gas giant Shell’s current cost of supply earnings, excluding identified items, in the third quarter of 2019 fell 15 percent. CCS income was ~$4,8 billion, down from ~$5,6 billion a year ago. The third-quarter revenue was $86,6 billion, down from $100,1 billion a year ago. Shell on Thursday said that compared with the... Continue Reading →
Spanish oil company Repsol reported a drop in 3Q 2019 profit. Net profit for the quarter was 333 million euros, a 46,7% drop from 625 million euros in 3Q 2018. Adjusted net income in the third quarter was €522 million, 11% lower year-on-year. In Upstream, adjusted net income was €218 million, €150 million lower than... Continue Reading →
The ExxonMobil-operated Liza-1 development, located in the Stabroek Block offshore Guyana, is now expected to start production through the Liza Destiny FPSO in December 2019, which is earlier than expected. The Liza field sits in the giant Stabroek block, which covers almost 27,000 square kilometers, circa 200 kilometers offshore Guyana. ExxonMobil has struck more than... Continue Reading →
Oct 31, 2019 Brazilian oil company Petrobras has reportedly managed to sell the ultra-deepwater drillship Vitoria 10000 after its first auction received no bids. According to the Norwegian rig broker Bassoe Offshore, the drillship was sold earlier this week for around $15 million. “The second auction for the Petrobras-owned drillship, Vitoria 10000, the highest bid... Continue Reading →
