Index News

 

No Oil at ExxonMobil's Cutthroat Well Offshore Brazil

Mar 28, 2022

Brazilian oil company Enauta Participacoes said on Monday no hydrocarbons were found at the 1-EMEB-3-SES well, an asset in which it has Exxon Mobil Corp and Murphy Oil Corp as partners, sending its shares down.Enauta's securities filing on the…

Brazil's President Hints at Potential Replacement of Petrobras CEO

Mar 16, 2022

There is a possibility of replacing Petrobras' chief executive, Brazil's President Jair Bolsonaro said on Wednesday, adding further pressure to the state-run oil company's pricing policy.In an interview with regional TV channel, Bolsonaro said…

Oil Firms Predict Rising Output, But Warn of Higher Costs

Dec 29, 2021

U.S. oil and gas executives are predicting higher production and drilling activity next year as oil prices climb, but say they face sharply higher costs, according to a poll released on Wednesday by the Federal Reserve Bank of Dallas.Some 49%…

Brazil's Economy Minister Says Oil Firm Petrobras Should be Privatized Before It is 'Irrelevant'

Dec 02, 2021

Brazilian Economy Minister Paulo Guedes said on Wednesday that state-run oil company Petrobras should be privatized before it becomes irrelevant and oil loses value, suggesting the government could use the sale proceeds to reduce poverty.Citing…

CGG Launches Carbon Storage Screening Study

Nov 26, 2021

French company CGG, best known for offshore seismic data services, has released a new carbon storage screening study.CGG said the study, called GeoVerse, would support CCUS operators in quickly identifying suitable CO2 storage sites. 'This Northern North Sea study…

Australia Shares Rise on BHP-Woodside's Final Nod on $12B Scarborough Project

Nov 23, 2021

Australian shares ended higher on Tuesday, buoyed by gains in the mining and energy sectors, a day after BHP Group and Woodside Petroleum gave the final sign-off on their $12 billion Scarborough LNG project.The S&P/ASX 200 rose 0.78% to close at 7…

Petronas, CNOOC in $7B LNG Supply Deal

Jul 07, 2021

Malaysia's state oil firm Petronas has signed a 10-year liquefied natural gas (LNG) supply agreement with a subsidiary of China's offshore oil and gas major CNOOC Ltd valued at about $7 billion, the firm said on Wednesday.Petronas, or Petroliam Nasional Berhad…

JPMorgan to Exclude Petronas, Pertamina from EM ESG Index

Jun 16, 2021

Malaysian state-owned energy company Petronas and Indonesian counterpart Pertamina are on a watchlist for removal from JPMorgan’s ESG EMBI index, the bank said in a statement on Tuesday.JPMorgan said both oil majors 'are expected to exit the…

Repsol Q1 Net Profit Rises 5.4%

Apr 29, 2021

Spain's Repsol beat first-quarter net profit expectations on Thursday as higher oil and gas prices offset thinner refining margins.Stronger upstream earnings from extracting oil and gas balanced much weaker downstream results as the pandemic sapped demand for fuel…

Norway's Oil Fund Should Invest in Fewer Companies, Gov't Says

Apr 09, 2021

Norway's $1.3 trillion wealth fund, the world's largest, should reduce the size of its global company reference index by between 25% and 30% to better follow up companies, primarily by removing small-cap stocks, the finance ministry proposed on Friday…

Repsol Posts to Second Straight Annual Loss but Q4 Income Cheers

Feb 18, 2021

Spanish energy group Repsol posted on Thursday forecast-beating fourth-quarter adjusted income, pushing its shares up even though write-downs on the value of oil and gas assets dragged it to a second consecutive annual net loss. Curbs on mobility…

Battered Energy Sector Could get Reprieve from 'Golden cross' Chart Signal

Dec 31, 2020

Energy, Wall Street's worst-performing industry in 2020, could see its fortunes improve in the new year after its price action surfaced a technical buy signal on the charts on Wednesday.The bullish development in S&P 500 energy sector is called a 'golden cross…

A Historic Oil Price Collapse, with Worries Headed into 2021

Dec 29, 2020

This year was like no other for oil prices. Even as global prices end the year at about $51 a barrel, near the average for 2015-2017, it masks a year of volatility. In April, U.S. crude plunged deep into negative territory and Brent dropped below $20 per barrel…

Petrobras Extends Charters for Transocean Drillship Duo

Nov 19, 2020

Offshore drilling contractor Transocean has secured contract extensions for two of its 2011-built drillships with Brazil's national oil company Petrobras.Transocean said Wednesday that Petrobras had exercised a 680-day option for the Deepwater Corcovado drillship…

Offshore Equipment Hydraulic Maintenance Tip-of-the-Day: Condition Monitoring

Oct 26, 2020

Tip #5: Condition Monitoring - If it isn’t broken, let it beContrary to popular belief, machines running smoothly should never be left alone. Regular hydraulic oil sampling will give insight to the overall systems health. Key indicators in the…

Current News

Wind Opponents Sue to Block Empire Wind

Wind Opponents Sue to Block Em

Wärtsilä to Supply Regasification Module for Egypt-Bound FSRU Conversion

Wärtsilä to Supply Regasificat

Sonardyne to Deliver Seabed Monitoring Kit for North Sea CCS Project

Sonardyne to Deliver Seabed Mo

Kongsberg Maritime to Supply Equipment for Sea1 Offshore’s OCVs

Kongsberg Maritime to Supply E

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine