Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) - Norwegian oil services firm Aker Solutions (AKSOA.OL) raised its 2022 revenue outlook on Tuesday and said its earnings margin is likely to increase this year while order intake is headed for a record high, sending its shares sharply higher. The company now expects revenue to rise by more than 20% to at least 35 billion... Continue Reading →
(Reuters) - The proven oil and gas reserves of Colombia's majority state-owned oil company Ecopetrol (ECO.CN) rose 13% last year, the company said on Monday, thanks partially to an improved international price for Brent. Ecopetrol's proven reserves - also known as 1P reserves - finished last year at 2 billion barrels of oil equivalent (boe), compared with... Continue Reading →
(Reuters) - Can oil bankers learn renewable tricks? They may need to in this climate, judging by the experience of Douglas MacKenzie, a Citigroup banker who has spent decades advising global energy giants on fossil fuel deals since joining Goldman Sachs as an associate in 1985. "I cover Big Oil. I'm a supermajor guy," the... Continue Reading →
(EV) More than 20 floating production storage and offloading (FPSO) vessels are currently awaiting redeployment across the globe. Data from Westwood Global Energy Group has laid bare how “saturated and complicated” it is to relocate units after their initial work scope has wrapped up. And the market could soon become even more flooded, with 56 planned and... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), pursuant to CVM Instruction No. 480, informs its shareholders, investors and the market in general that, on January 27, 2022, the Company's Board of Directors decided to establish two committees to support the Board, namely (i) People and Compensation Committee and (ii) Finance Committee,... Continue Reading →
Engineering and technology group, Technip Energies has acquired a 16.3% stake in X1 Wind, a startup that has designed "an innovative and disruptive" offshore wind turbine floater. Technip Energies is the lead investor in this funding round, which also counts with the participation of the European Commission-owned European Innovation Council (EIC) Fund, advised by the... Continue Reading →
Norwegian seismic exploration company Shearwater GeoServices has signed a licensing contract with Brazil’s Petrobras for its Reveal geophysical software. Under the deal, Petrobras’ geophysical processing team will have access to a full range of geophysical processing tools, including time, depth, multicomponent, time-lapse 4D processing and advanced imaging offered by the Reveal software platform. The agreement, characterized by... Continue Reading →
BP's profits hit their highest in eight years in 2021, lifted by soaring gas and oil prices, as the company boosted share repurchases and said it was accelerating plans to cut emissions with increased spending on low carbon energy. BP's rebound to an annual profit of $12.85 billion after a large loss in 2020, is... Continue Reading →
Malaysian FPSO supplier Yinson has won a contract with Brazil's Petrobras for the delivery of an FPSO for the deployment at the Parque das Baleias Integrated Project, to be installed in the Jubarte Field, located in the north of Campos Basin, offshore Brazil. Petrobras has signed contracts with Yinson's subsidiaries for the chartering and provision... Continue Reading →
Namibia aims to fast-track the development of its first oilfield to have production by 2026 following a significant offshore discovery by Shell, a senior energy official told Reuters on Monday. Shell on Friday said the exploration well off the coast of the southern African country had shown "encouraging" results with the presence of a working petroleum system with light... Continue Reading →
Brazil Energy Insight 