Brought to you by Quest Offshore & Southern Cone Consultants
Following new contract awards to three of its ultra-deepwater drillships, two of which are idle, and one harsh environment rig, Transocean is optimistic that oil prices will remain constructive and drive an increase in contracting through the rest of the year. Transocean released its financial report for the first quarter of the year on Monday, revealing its... Continue Reading →
TechnipFMC’s Subsea division has reported inbound orders of $1.5 billion in the first quarter of 2021, more than double compared to the fourth quarter of the prior year. Subsea reported first-quarter revenue of $1.3 billion, an increase of 10.6 per cent from the same period in 2020, said to be largely driven by higher project... Continue Reading →
ConocoPhillips reported first-quarter profit that beat Wall Street expectations on Tuesday as vaccines-led return of travel demand and a winter storm that swept parts of the United States in February boosted prices for oil and gas. Higher crude prices and deep cost cuts implemented last year at the peak of a downturn are helping U.S.... Continue Reading →
State-run oil producer Saudi Aramco beat analysts' forecasts on Tuesday with a 30% rise in first-quarter net profit and maintained its dividend payout, helped by strong oil prices. Earnings by global energy companies such as Exxon Mobil have climbed on the back of rising crude prices, which are up by about a third this year,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on August 14,2020, informs that today it signed a contract with São Francisco Energia S.A., a subsidiary of Global Participações em Energia S.A., for the sale of three fuel oil-powered thermoelectric plants, located in Camaçari, in the state of Bahia (Camaçari Cluster UTEs). The... Continue Reading →
(ANP) Published today the Monthly Bulletin of the Production of Oil and Natural Gas of the ANP of the month of March 2021, with consolidated data of the national production in the period. For the first time, production in the Santos Basin surpassed 70% of national production, registering its largest relative share in the historical... Continue Reading →
Offshore drilling contractor Valaris, which had filed for bankruptcy in August 2020, said Monday it had on April 30, 2021, successfully completed its financial restructuring and emerged from chapter 11. The Valaris Group's Plan of Reorganization was approved and confirmed by the United States Bankruptcy Court for the Southern District of Texas on March 3, 2021. ... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on February 05, 21, informs the beginning of the binding phase regarding the sale of the totality of its stakes of 51% in Transportadora Brasileira Gasoduto Bolivia-Brasil S.A. (TBG) and 25% in Transportadora Sulbrasileira de Gás S.A. (TSB). Potential buyers qualified for this phase... Continue Reading →
(epbr) ExxonMobil plans to start drilling in deep waters of the Sergipe-Alagoas Basin in the second half of 2021, said Alberto Ferrin, vice president of the oil company in Brazil. The company is licensing 11 exploratory wells in the basin, in areas of the 13th, 14th and 15th bidding rounds of the ANP, when it... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that it has approved new contractual models for the sale of natural gas to distributors. The company will offer, in addition to the existing models, indexed to Brent oil price, a pricing alternative with less volatility, without giving up the alignment with international prices. The new model will be indexed... Continue Reading →
