The global shipping market is set for a recovery, benefiting from new global rules on marine fuels that came into effect at the beginning of
In a first, Brazil produces more than one billion barrels of oil in 2019
Brazil produced 1.018 billion barrels of oil in 2019, marking the first time the South American nation passed the billion-barrel mark for annual production, the
Ocyan’s Norbe VI rig starts operation in the Tartaruga Verde field
Jan 22, 2020 Ocyan’s Norbe VI rig starts operations today, under a contract signed for the next two years. The first campaing will be carried
MME Denies Postponement of the Transfer of Rights Auction/has no defined date yet
JAN 21, 2020 Ministry of Mines and Energy (MME) denied that the auction of the remaining areas of the Transfer of Rights (Sépia and Atapu)
Baker Hughes profit misses estimates as LNG equipment demand wanes
Oilfield services provider Baker Hughes Co (BKR.N) missed analysts’ estimates for quarterly profit on Wednesday, hit by lower orders in its business that supplies turbines
PGS to Raise $95M in New Equity to Refinance Debt
Norway’s seismic surveyor PGS plans to raise up to 850 million Norwegian crowns ($95 million) in new equity via a private placement to partly refinance
