OneSubsea, a Schlumberger company based in Houston, Texas, United States, has signed a contract with Petrobras for subsea services in fields off the coast of Brazil, including inspection, maintenance, repairs, upgrades and parts supply, as well as installation services and commissioning. The contract is worth over US$200 million. The agreement includes a market differential by... Continue Reading →
PETROBRAS EVALUES DELAY RISK OF THE ALMIRANTE BARROSO FPSO AND RELAUNCHING REFINERY DIVESTMENTS
(PetroNoticias) Vaccination against covid-19 is advancing around the world, but the effects of the pandemic still reverberate in some economic activities. In the case of Petrobras, for example, the company is evaluating possible effects of the pandemic on the works of the FPSO Almirante Barroso, which will be installed in the Buzios field. “In relation... Continue Reading →
“It’s alive!”: Offshore Drillers Start Resuscitating Idle Drillships
Offshore drilling rig reactivations have begun as utilization and dayrates continue their rapid recovery, Esgian's Teresa Wilkie writes. We expected it to happen just not necessarily this soon. But now it’s official, several cold-stacked rigs are about to be reactivated for new jobs in the Golden Triangle, and Valaris is taking the lead. Just last... Continue Reading →
Exxon Posts Strongest Results Since 2017
Exxon Mobil on Friday pledged to revive a share repurchase program next year as its earnings outlook improved on quarterly results that topped analysts' estimates. The largest U.S. oil producer posted an adjusted profit of $1.58 a share, beating the Refinitiv estimate by two cents, with results lifted by oil and gas prices that have... Continue Reading →
PETROBRAS GAINS MORE TIME TO DECLARE COMMERCIALITY OF DISCOVERIES IN SERGIPE-ALAGOAS
Petrobras won extra time from the National Petroleum Agency (ANP) to present the declarations of commercial viability for the discoveries of Farfan (BM-SEAL-4), Barra (BM-SEAL-10) and Moita Bonita (BM-SEAL-11) , in the Sergipe-Alagoas basin. The new deadline given to the company will be valid until December 30 of this year. To the ANP, Petrobras said... Continue Reading →
Solstad CSV hired for work in South America
Solstad Offshore has secured a contract for its construction support vessel (CSV) Normand Samson in South America. The company did not reveal information about the client but did say that the vessel was chartered by a major oil service company. Under the contract, CSV Normand Samson will be utilized on a field development project for a period of minimum... Continue Reading →
Eni Q3 profit jumps back to pre-COVID levels boosted by gas
(Reuters) - Italian energy group Eni (ENI.MI) on Friday beat expectations with a third-quarter profit that jumped back to pre-COVID levels boosted by higher gas prices. The group swung to an adjusted net profit of 1.43 billion euros ($1.67 billion) from a 153 million euro loss a year earlier and beat a 1.08 billion euro consensus forecast.... Continue Reading →
Chevron posts highest profit in eight years on surging oil, gas prices
(Reuters) - Chevron Corp (CVX.N) posted on Friday its highest quarterly profit in eight years, thanks to surging oil and gas prices and a recovery in motor fuel demand that boosted refining margins. The strong results came a day after U.s. lawmakers grilled top executives of major oil firms over the industry's past dismissals of climate warming.... Continue Reading →
Petrobras Financial Performance in 3Q21
In 3Q21, Petrobras posted excellent operating and financial results. According to CEO Joaquim Silva e Luna, “It is with great honor that I share with you the results achieved. We reached our debt target much earlier than planned and we are sharing part of the wealth generated with society and our shareholders through taxes, dividends,... Continue Reading →
Petrobras approves additional payment of remuneration to shareholders
Petróleo Brasileiro S.A – Petrobras informs that its Board of Directors, at a meeting held today, approved the payment of a new anticipation of remuneration to shareholders for fiscal year 2021, in the total gross amount of R$ 31.8 billion (about US$ 6 billion), equivalent to R$ 2.437865 per common and preferred share outstanding. This... Continue Reading →
