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July 18, 2019 The Court of Auditors of the Union (TCU) yesterday questioned the competence of the National Energy Policy Council (CNPE) to define the areas of the auction rounds in the sharing regime. The position of the court ministers was based on the fact that there is a lack of transparency in the selection... Continue Reading →
Finland’s Wartsila Oyj (WRT1V.HE) missed second-quarter forecasts on Thursday and warned that it expected demand to weaken for both its marine and energy businesses, sending shares in the engineering firm to a three-year low. Comparable operating profit in April-June fell to 113 million euros ($127 million) from 123 million euros a year earlier and missed... Continue Reading →
Guyana, located on the northern mainland of South America and nestled between Venezuela and Suriname, has become one of the most exciting regions within the oil and gas industry over the last few years. ExxonMobil has invested heavily in the region and has been reaping the rewards since first discovering oil in 2015. In the... Continue Reading →
Norwegian offshore vessel owner Solstad Offshore and Mexican company Subtec S.A have agreed to extend the contract for the CSV Far Sentinel with 2,5 years. Subtec is a Mexican company, with its base of operations in Ciudad del Carmen, Campeche, that is a part of Blue Marine’s business units. The vessel operates in Mexico. The... Continue Reading →
Brazil’s GranEnergia has been awarded a 93-day contract by Petrobras to support the P31 and P-50 FPSO maintenance campaign with its DP3 accommodation Floatel CSS Olympia. The first campaign, P-31 turret-moored FPSO is located in the Albacora field of the Campos Basin offshore Brazil. The FPSO is located in 330m water depth. The compact semi-submersible... Continue Reading →
July 17, 2019 Sete Brasil creditors will meet August 9 to deliberate on Magni Partners' new and seemingly final offer to acquire the Urca, Frade, Arpoador and Guarapari rigs. After four months of negotiations, the group raised the value of its proposal from US $ 250 million to US $ 296 million, ensuring contractual improvements.... Continue Reading →
July 16, 2019 The President of Petrobras, Roberto Castello Branco, and the President of Uruguay, Tabaré Vázquez, met with the objective of seeking a definitive solution on the disputes arising from the concessions of Conecta SA and the Gas Distributor of Montevideo SA. The presidents reached the bases of an agreement, by which: a) The... Continue Reading →
The Minister of Mines and Energy, Bento Albuquerque approved the entry of Ecopetrol into the Saturno project, won by Shell and Chevron in the 5th round of production sharing auction, held last year. The Colombian company will have a 10% stake in the exploratory block of the pre-salt.
Rio de Janeiro, July 16, 2019 - Petroleo Brasileiro S.A. – Petrobras, focusing on providing greater transparency in its information, reports that as from this quarter, it will disclose the production and sales report prior to the company's financial statements report. On July 25th, after market closes, the company will release its quarterly production and... Continue Reading →
Norwegian oilfield services provider Aker Solutions recorded a loss in the second quarter of the year despite an increase in revenues driven by higher activity. Aker Solutions posted a loss of NOK 11 million ($1.3 million) for the second quarter of the year compared to a profit of NOK 117 million ($13.6 million) in the... Continue Reading →
