Brought to you by Quest Offshore & Southern Cone Consultants
zoom U.S. offshore driller Vantage Drilling saw an increase in revenues in the second quarter of the year lifted by jack-up rig contributions. Earlier this week, Vantage reported a net loss of approximately $36.6 million for the three months ended June 30, 2017 as compared to a net loss of $35.7 million for the... Continue Reading →
U.S. independent Noble Energy’s net loss the second quarter of 2017 deepened to $1,5 billion, versus a loss of $315 million a year ago. The company explained the loss was driven by the impact of the Marcellus upstream asset exit in the U.S. Total Company sales volumes for the second quarter of 2017 were 408... Continue Reading →
After experiencing a tough first half of the year, the Dutch geotechnical, survey, subsea and geoscience services provider, Fugro, has made plans to further cut costs to counter the continued challenging market conditions. In its Thursday report for the first half of the year, Fugro said it reduced its net result for the period to... Continue Reading →
The “magic” of $50 oil is now in the sights of deep-sea drillers as they try to lure customer spending from shale wells on land. And after more than three years of pain, that prospect has some investors excited. Transocean Ltd. rose the most in more than eight months after the world’s biggest provider of offshore rigs... Continue Reading →
08/03/2017 Parque das Baleias in the Campos Basin. Petrobras held a scheduled 20-day shutdown on the P-58 platform, the largest unit of the oil company in production volume. According to technicians from Elfe, the company responsible for the shutdown, the services of improvements in the design of the platform were carried out successfully. The P-58 is installed in... Continue Reading →
Brazil President Michel Temer has survived a massive corruption scandal with a victory in the lower house that allows him to cling to power and focus back on the economy. Temer allies on Wednesday defeated the motion that would have put him on trial and forced him to step aside, with 263 against 227 votes.... Continue Reading →
The company filed the recovery process on October 30, 2013, with debts in excess of R $ 13.8 billion OGPAR ( OGXP3 ), formerly OGX Petróleo, reported on Wednesday that the 4th Business Court of the District of Rio de Janeiro has ordered the closure of the company's judicial recovery process. The company filed the recovery process on... Continue Reading →
Thursday, 03 August 2017 Queiroz Galvão Exploration and Production (QGEP) plans to start its first deep-water oil production in early 2018 at the Atlanta Field, in the post-salt area of the Santos Basin. The delay in the project, according to QGEP CEO Lincoln Guardado, is due to the delay in the execution of the... Continue Reading →
ION Geophysical Corporation on Tuesday announced a new 3D multi-client broadband reimaging program offshore Brazil. Supported by industry funding, the Picanha program provides a regional 3D framework that delivers fresh insights into the complex Campos and Santos basins’ petroleum systems ahead of upcoming license rounds, the company said. By using ION’s latest broadband processing and... Continue Reading →
Brazilian President Michel Temer is widely expected to avoid a corruption trial by winning a congressional vote Wednesday. But the final tally could signalwhether he still has enough support to push through economic measures that have been championed by investors. Read more
Brazil Energy Insight 