24 de abril de 2018 12:41 BRT Free cash flow will be the highest in years; all the sector needs now is discipline. By Liam Denning/Gadfly Hey Big Oil, don’t screw this one up. By this time next week, we’ll know how the big five Western oil majors – Exxon Mobil Corp., Chevron Corp., Royal Dutch... Continue Reading →
Motor-Services Hugo Stamp confirms acquisition of PP Engenharia of Brazil
The North American group MSHS (Motor-Services Hugo Stamp) announced this week the acquisition of the Brazilian PP Engenharia. The new company, MSHS Brasil, is born with about R $ 27 million of contracts in portfolio, of which more than 30% (approximately R $ 10 million) with Petrobras. With a focus on maintenance services for engines... Continue Reading →
OOS Flotel arrives in Brazil
OOS Tiradentes (CR-600) will arrive in Brazil in the first week of May to operate for Petrobras. Coming from the Yantai shipyard in China, where it was built, the unit will start at the Albacora field, supporting the P-31 platform. Tiradentes arrives in Brazil to replace the OOS Prometheus contract, which operated for Petrobras and... Continue Reading →
Mega package of wells for Libra
The Libra Consortium - Petrobras (40%), Shell (20%), Total (20%, CNOOC (10%) and CNPC (10%) - is expected to launch a bid for a new phase of asset development in the Santos Basin pre-salt. With 17 wells, this will be the largest integrated well services package bid by Petrobras, and the trend is that only... Continue Reading →
McDermott posts higher profit and revenues
Houston-based EPCI contractor McDermott recorded an increase in both profit and revenues for the first quarter of 2018, which, if all goes according to plan, will be McDermott’s last full quarter as a separate company before it merges with CB&I. McDermott, which recently rejected a takeover offer by Subsea 7, on Tuesday posted its first... Continue Reading →
Helix Energy narrows quarterly loss
Houston-based oil and gas services provider Helix Energy Solutions narrowed its net loss as its revenues grew during the first quarter of the year. The company on Monday reported a net loss of $2.6 million for the first quarter of 2018 compared to a net loss of $16.4 million for the same period in 2017... Continue Reading →
Assignment of Rights of Piranema and Piranema Sul: Beginning of Binding Phase
Rio de Janeiro, April 24, 2018 - Petróleo Brasileiro SA - Petrobras, following the Relevant Fact of 09/03/2018, announces the beginning of the binding phase related to the sale of all its participation in the Campos de Piranema and Piranema Sul . In this phase of the project, the letters of invitation are issued to... Continue Reading →
Oil tops $75, highest since 2014 OPEC meeting that led to pump war
Oil rose above $75 a barrel on Tuesday to its highest since November 2014 before paring some gains, supported by OPEC-led production cuts, strong demand and the prospect of renewed U.S. sanctions on Iran. Read more
SAIPEM: RESULTS FOR THE FIRST QUARTER OF 2018
San Donato Milanese, April 24, 2018 - The Board of Directors of Saipem S.p.A., chaired by Paolo Andrea Colombo, yesterday approved the Saipem Group’s Interim Report at March 31, 2018 (not subject to audit). Highlights Operational performance in line with expectations Strong reduction in net financial debt Strengthening of the E&C Offshore fleet... Continue Reading →
Wood, Librestream launch new camera tech for oil and gas ops
Oilfield services provider Wood, in partnership with Canadian technology company Librestream Technologies, has developed new camera technology that can stream video and store data from remote work locations, including offshore. Wood said on Tuesday that the Onsight Cube was a rugged camera that could be worn on a helmet, chest mount or a monopod to... Continue Reading →
Brazil Energy Insight 