Brazil showcases oil & gas, technology, opportunities for foreign investors during OTC

(WO) ApexBrasil, a Brazilian Trade and Investment Promotion Agency, is partnering with Brazil's Energy Research Office (EPE), The Brazilian Petroleum and Gas Institute (IBP), The Brazilian National Agency of Petroleum, Natural Gas, and Biofuels (ANP), Petrobras, and the Federation of the Industries of Rio De Janeiro State (FIRJAN) to highlight the country's burgeoning leadership in the sector at the... Continue Reading →

May 3, 2022 0

Transocean Ltd. Reports First Quarter 2022 Results

(GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported a net loss attributable to controlling interest of $175 million, $0.26 per diluted share, for the three months ended March 31, 2022. First quarter 2022 results included net favorable non-cash item of $8 million, or $0.02 per diluted share, related to discrete tax items. After consideration... Continue Reading →

May 3, 2022 0

TechnipFMC Gets Notice to Proceed, Wins More Work at Exxon’s Yellowtail Project Offshore Guyana

Oilfield services giant TechnipFMC has secured an additional contract and received notice to proceed from ExxonMobil for its Yellowtail development in the Stabroek Block offshore Guyana. The newly announced, "significant" flexibles contract covers six risers that are qualified for high pressure and high temperature. For TechnipFMC, a “significant” contract is between $75 million and $250... Continue Reading →

May 3, 2022 0

BP’s Profit Soars to Highest in Over Decade

(Reuters) BP boosted its share buyback program after net profit soared to its highest in more than a decade on strong oil and gas trading results, as the energy company took a $24 billion charge after exiting its operations in Russia. Soaring oil and gas prices in the wake of the Russian invasion of Ukraine... Continue Reading →

May 3, 2022 0

Petrobras looks to add up to eight floating rigs next year

Petrobras has just issued a tender to contract up to eight ultra-deepwater rigs for drilling operations offshore Brazil, according to Esgian. The consulting firm reports that the tender is divided into three lots. Lot 1 is for up to two high-spec rigs with drilling capabilities in water depths up to 3,000m (~10,000ft). Lot 2 is... Continue Reading →

May 3, 2022 0

Mexico’s Pemex swings to $6 bln profit in first quarter, debt dips

(Reuters) - Mexican national oil company Pemex (PEMX.UL) on Monday reported a $6.17 billion first-quarter net profit, reversing a nearly $2 billion loss in the year-ago period, driven by foreign exchange gains, growing output and higher crude prices. Total financial debt at Pemex, one of the world's most indebted oil companies, edged down slightly to... Continue Reading →

May 2, 2022 0

BP to keep betting on lower carbon, more economical offshore oil output

(Reuters) - British oil major BP (BP.L) will continue betting on "lower carbon, more economical" offshore oil and gas exploration and production, a company executive said on Monday, warning that lack of investment could lead to global oil scarcity. Offshore operations allow better control of emissions, especially in the U.S. Gulf of Mexico, said Starlee Sykes, BP's... Continue Reading →

May 2, 2022 0

3R Petroleum: Election of Board Members and Installation of Fiscal Council

3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), in accordance with the provisions of CVM Resolution No. 44, informs its shareholders, investors and the market in general that, on the Annual and Extraordinary General Meeting (“Meeting”) held on April 29, 2022, the shareholders approved the election of Mr. Roberto Castello Branco and... Continue Reading →

May 2, 2022 0

Subsea 7 Nets ‘Substantial’ W. Africa Deal

Offshore installation services firm Subsea 7 said Friday it had won a substantial contract in West Africa. Subsea 7 defines a substantial contract as being between $150 to $300 million. In a brief statement in which it didn't reveal much, Subsea 7 said the contract was for the engineering, procurement, installation, and commissioning of flowlines... Continue Reading →

May 2, 2022 0

Galp to consider sale of Angolan upstream operations

(Bloomberg) — Galp Energia SGPS SA is considering a sale of its upstream operations in Angola, as Portugal’s biggest oil company seeks to streamline its hydrocarbon portfolio, according to people familiar with the matter. The company is working with a financial adviser to gauge interest in its assets in the African country, the people said,... Continue Reading →

May 2, 2022 0

Brazil Energy Insight

Brazil showcases oil & gas, technology, opportunities for foreign investors during OTC

Transocean Ltd. Reports First Quarter 2022 Results

TechnipFMC Gets Notice to Proceed, Wins More Work at Exxon’s Yellowtail Project Offshore Guyana

BP’s Profit Soars to Highest in Over Decade

Petrobras looks to add up to eight floating rigs next year

Mexico’s Pemex swings to $6 bln profit in first quarter, debt dips

BP to keep betting on lower carbon, more economical offshore oil output

3R Petroleum: Election of Board Members and Installation of Fiscal Council

Subsea 7 Nets ‘Substantial’ W. Africa Deal

Galp to consider sale of Angolan upstream operations

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