(PetroNoticuas) Petrobras notified the National Petroleum Agency (ANP) this week about signs of natural gas in the ES-M-669 offshore block, in the Espírito Santo Basin. The discovery was made in a water depth of 2,366 meters. Drilling of the 1-BRSA-1379D-ESS well, where the evidence was found, began in April, as reported. Block ES-M-669 was acquired... Continue Reading →
EXXONMOBIL DISCOVERS OIL IN THE CAMPOS BASIN
(PetroNoticias) News in the exploratory campaign of the American ExxonMobil in the Campos Basin. The oil company notified the National Petroleum Agency (ANP) this week about signs of oil and gas found in block C-M-789, in a water depth of 2,681 meters. The discovery was made in well 1-EMEB-1A-RJS (also called Opal-1A). The exploratory campaign... Continue Reading →
TechnipFMC to Take Full Ownership of Well Intervention Firm TIOS
(OE) Oilfield services giant TechnipFMC plans to acquire the remaining 49% of shares in TIOS AS from Island Offshore. TIOS is an offshore well intervention joint venture formed in 2018 between TechnipFMC and Norwegian offshore vessel owner Island Offshore. TechnipFMC said Thursday the move would speed up the development of TechnipFMC’s integrated service model "focused... Continue Reading →
Eni pledges higher returns after Q2 beat
(Reuters) - Italian energy group Eni (ENI.MI) pledged higher shareholder returns after swinging to a net profit in the second quarter to beat expectations as firmer oil prices offset lower production. Adjusted net profit was 929 million euros ($1.1 billion), compared with a loss of 714 million euros in the year-earlier period, Eni said on Friday. The... Continue Reading →
Saipem Posts 1H Loss. Expects Sales Pick-up in 2H
Italian energy services group Saipem on Friday forecast a sales pick-up in the second half after posting an operating loss in the first six months, hurt by the impact of the COVID-19 pandemic and problems with a wind project. The group posted an adjusted operating loss of 266 million euros ($316 million) for the first... Continue Reading →
Chevron tops profit estimates, joins share buyback stampede
(Reuters) - Chevron Corp (CVX.N) on Friday reported its highest profit in six quarters and joined an oil industry stampede to reward investors with share buybacks, as rebounding crude oil prices carried earnings and cash flow to pre-pandemic levels. Oil and gas are trading near multi-year highs as fuel consumption has thrown off pandemic losses and natural... Continue Reading →
Exxon tops estimates with biggest quarterly profit in a year
(Reuters) - Exxon Mobil on Friday posted its biggest quarterly profit in more than a year that also topped analysts' estimates as demand for oil, gas and chemicals rebounded, quelling some investor concerns over its recent weak performance. The company's first results following a contested board fight over its direction highlighted how oil producers are taking... Continue Reading →
PetroRio granted royalty rate reduction for Brazilian field
Brazilian oil and gas company PetroRio has been granted a royalty rate reduction for the Tubarão Martelo field by the country’s authorities in an effort to incentivize investment in revitalization. Brazil’s National Petroleum, Gas and Biofuels Agency (ANP) approved PetroRio’s Development Plan for the cluster consisting of the Polvo and Tubarão Martelo offshore fields, the... Continue Reading →
Petrobras signs contract for sale of power companies
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 09/11/2020, informs that today it signed contracts for the sale of its 20% stakes in Termelétrica Potiguar S.A. (TEP) and 40% in Companhia Energética Manauara S.A. (CEM) to Global Participações Energia S.A. (GPE), through its subsidiaries GFT Participações S.A. and GFM Participações S.A.,... Continue Reading →
More red ink for Sembcorp Marine as Covid-19 disruptions linger
Singapore’s marine and offshore engineering player Sembcorp Marine saw its profit and revenues dip in the first half of the year due to project delays and increased costs caused by the Covid-19-related disruptions. Sembcorp Marine on Thursday posted a net loss of S$647 million (about $475.8 million) for the six months ended 30 June 2021 (1H2021), reflecting... Continue Reading →
