Brought to you by Quest Offshore & Southern Cone Consultants
Petrobras and Brazil will continue to dominate the deployment of global FPSOs over the next five years, data and analytics company GlobalData has reported. According to GlobalData, Petrobras is expected to deploy six planned and nine announced FPSOs by 2025. GlobalData says that during the 2019 – 2025 period, the year 2023 will witness the... Continue Reading →
TechnipFMC has reported third-quarter 2019 profit of $22 million or 5 cents per diluted share. The services major has seen an 84 percent decrease compared to net profit of $137 million same time last year. The results were affected by after-tax charges and credits totaling $32.6 million of expense, or $0.07 per diluted share. Continue... Continue Reading →
Equinor’s (EQNR.OL) third-quarter profit fell by more than expected on Thursday after a significant decline in the volume and price of natural gas sold to Europe, although the Norwegian firm reiterated its forecast for flat 2019 production. Shares in Oslo-listed Equinor were up 2.2% by 0730 GMT after it also confirmed plans to reach Phase... Continue Reading →
CNOOC Ltd (0883.HK), the listed arm of China’s largest offshore oil and gas producer, on Thursday reported a 27.9% jump in capital spending in the third quarter amid Beijing’s push to boost oil and gas exploration and production. Capital expenditure at CNOOC reached 19.53 billion yuan ($2.76 billion) during July-September, up from 15.27 billion yuan... Continue Reading →
Following its recent two oil discoveries, Tullow Oil and its partners in the Orinduik block located offshore Guyana are reviewing multiple prospects on the block and working to approve the budget for the 2020 drilling campaign. Tullow is the operator of the Orinduik block with a 60% Working Interest while Total and Eco Atlantic have... Continue Reading →
The Peregrino C jacket, built by Heerema Fabrication Group for Equinor, has left a fabrication yard in the Netherlands and sailed away to Brazil. Equinor awarded Heerema Fabrication Group the procurement & construction contract for the Peregrino II WHP C Jacket in May 2017. The construction started in November 2017 at Heerema’s Vlissingen yard. In a social media post... Continue Reading →
October 23, 2019 -Petróleo Brasileiro S.A. - Petrobras, in addition to the press release issued on May 21, 2019, reports that its Board of Directors has ratified the signature and approved adjustments to the draft Amendment to the Transfer of Rights Agreement. Such ratification occurs after the issuing of MME Ordinance No. 265 of June... Continue Reading →
Italian energy services provider Saipem reported a rise in 2019 Q3 revenue and profit. The company’s revenue for the quarter grew to 2,36 billion euros, up from 2,22 billion a year ago. Net profit was 30 million euros, compared to a net loss of 34 million a year ago. Saipem’s offshore and engineering and construction division reported... Continue Reading →
Thursday, October 24th, 2019 (after B3’s trading hours) Conference Call and Webcast Date: Friday, October 25th, 2019 Time: In English: 11:30 am (Rio de Janeiro) | 10:30 am (New York) | 3:30 pm (London) In Portuguese: 10 am (Rio de Janeiro) | 9 am (New York) | 2 pm (London) Participants calling from: Brazil: +55... Continue Reading →
Oct 23, 2019 After nearly five months of negotiations, Petrobras signs contract to replace lost shipwrecked equipment Siemens and Petrobras signed a contract to supply four generators for the P-71, replacing those lost in the shipwreck in mid-May. According to sources, the removal of the new equipment will be made until January by the winner... Continue Reading →
