Former Petroleos Mexicanos Chief Executive Officer Emilio Lozoya denied media reports that he received $10 million in an alleged bribery scheme involving Brazilian construction company Odebrecht SA in Mexico. “I have never participated in acts of corruption. These publications have lied repeatedly on this and other issues, and have never proven their allegations,” Lozoya said... Continue Reading →
PETROBRAS HAS CHOSEN THE COMPANIES THAT WILL DO THE MAINTENANCE OF THEIR PLATFORMS IN THE PLACE OF UTC
August, 2017 Petrobras acted fast and has already chosen the companies that will replace UTC in the maintenance work of platforms in the Campos Basin. The winners were G & E, Actmium, VINCI Energies Group and CSE, which had 70% of the company bought by Aker Solutions. What was only UTC was divided into... Continue Reading →
PETROBRAS SECOND QUARTER OF 2017 RESULTS
Rio de Janeiro - August 10, 2017 - SECOND QUARTER OF 2017 RESULTS - Derived from consolidated interim financial information reviewed by independent auditors, prepared in accordance with International Financial Reporting Standards - IFRS. Net income R$ 4,765 billion Production 2.791 Mbbl/d Adjusted EBITDA R$ 44,348 million Main financial highlights Net Income of R$ 4,765 million... Continue Reading →
SBM Offshore sells Marlim Sul FPSO for scrap
Dutch provider of floating production systems to the international offshore oil and gas industry, SBM Offshore, has sold its previously demobilized FPSO Marlim Sul for recycling. SBM said in its 2017 half-year financial results this week that the FPSO, removed from the Petrobras-operated oil field, was sold for recycling and transferred off the balance sheet... Continue Reading →
Royal IHC forms offshore services partnership with Brazilian company
Brazilian company GranInvestimentos and Dutch company Royal IHC are joining forces to deliver integrated life cycle solutions to customers in the oil and gas sector. Through this partnership, both companies are set to increase their operational and service activities, and expand their presence in Latin America, Royal IHC said in a statement on Thursday. The association... Continue Reading →
Petrobras misses estimates on higher taxes; EBITDA slumps/2Q 2017
Petróleo Brasileiro SA missed second-quarter profit estimates by a large margin after joining a tax refinancing program, putting the brakes on efforts by Brazil's state-controlled oil producer to cut the largest debt burden among major global oil firms. Net income came in at 316 million reais ($99.54 million) last quarter, down from 4.449 billion reais... Continue Reading →
Petrobras – Accumulation Discovery in the Pre-Salt Layer of Campos Basin
Rio de Janeiro, August 10, 2017 - Petróleo Brasileiro S.A. – Petrobras reports the discovery of oil accumulation in the Campos Basin’s pre-salt layer, in the area of Marlim Sul field. This is the first commercial discovery of oil in the pre-salt layer of the Marlim Sul area. The discovery occurred during drilling of well... Continue Reading →
The new well commitments of the 13th Bidding Round (2015)
August 9, 2017 By Luiz Ehlers (EnergyWay) As reported by the newspaper O Globo, none of the wells committed in the 13th Round of Bidding have not been drilled due to environmental issues. It also highlighted that there is a paralyzed investment of around US $ 5 billion in these activities. THE LITTLE SATISFACTORY RESULTS... Continue Reading →
Eni joins Siemens Subsea Power Grid JIP
Eni Norge, a Norwegian subsidiary of the Italian oil giant Eni, has joined the Siemens Subsea Power Grid joint industry program (JIP). Siemens said on Monday that its subsea department was developing a complete subsea power network with a group of partners, led by Chevron and including Statoil, Exxon, and Petrobras. Read more
SBM Offshore: Industry witnessing recovery
Dutch FPSO specialist SBM Offshore has raised the expected revenue forecast for the full year 2017 on the back of the gradual recovery seen in the oil and gas industry. “As expected, the industry is witnessing a gradual recovery. Although significant decreases in project break-even prices are making deep water more competitive, our clients remain... Continue Reading →
