Petrobras

KNOT Offshore Partners LP Earnings Release—Interim Results for the Period Ended March 31, 2024

Retrieved on: 
Mercredi, mai 22, 2024
Oil, Gas, Energy, Maritime, Transport, Other Energy, Insurance, Employment, NYK, Partnership, FPSO, TotalEnergies, Bank statement, Torill, Growth, Knutsen NYK Offshore Tankers, GAAP, DNB, Adjustment, Petrobras, Shell

For the three months ended March 31, 2024 (“Q1 2024”), KNOT Offshore Partners LP (“KNOT Offshore Partners” or the “Partnership”):

Key Points: 
  • For the three months ended March 31, 2024 (“Q1 2024”), KNOT Offshore Partners LP (“KNOT Offshore Partners” or the “Partnership”):
    Generated total revenues of $76.6 million, operating income of $19.7 million and net income of $7.4 million.
  • On January 9, 2024, an extension to the existing bareboat charter party for the Dan Sabia was signed with Transpetro, extending the vessel’s fixed employment to early June 2024.
  • On March 16, 2024 the Vigdis Knutsen was delivered to Shell to commence on a three-year time charter.
  • The Partnership’s total interest-bearing obligations outstanding as of March 31, 2024 were $925.3 million ($919.6 million net of debt issuance costs).

Karpowership and Petrobras forge strategic alliance to enhance integrated natural gas projects in the Americas

Retrieved on: 
Mardi, mai 7, 2024
Natural gas, Petrobras, Investment, Moi, ESG, Renewable energy

ISTANBUL, May 7, 2024 /PRNewswire/ -- Karpowership and Petrobras have signed a Memorandum of Intent (MoI) to combine their respective expertise in the natural gas and power sectors.

Key Points: 
  • ISTANBUL, May 7, 2024 /PRNewswire/ -- Karpowership and Petrobras have signed a Memorandum of Intent (MoI) to combine their respective expertise in the natural gas and power sectors.
  • This includes liquefaction for both floating and onshore natural gas, storage of natural gas and LNG, as well as regasification programs, to guarantee supply and meet the demand of the energy industry across the Americas.
  • This is in addition to two solar energy generation projects in the State of Rio de Janeiro.
  • The company also expects to make new investments in the coming years in renewable projects as well as green technology initiatives.

Karpowership and Petrobras forge strategic alliance to enhance integrated natural gas projects in the Americas

Retrieved on: 
Mardi, mai 7, 2024
Natural gas, Petrobras, Investment, Moi, ESG, Renewable energy

ISTANBUL, May 7, 2024 /PRNewswire/ -- Karpowership and Petrobras have signed a Memorandum of Intent (MoI) to combine their respective expertise in the natural gas and power sectors.

Key Points: 
  • ISTANBUL, May 7, 2024 /PRNewswire/ -- Karpowership and Petrobras have signed a Memorandum of Intent (MoI) to combine their respective expertise in the natural gas and power sectors.
  • This includes liquefaction for both floating and onshore natural gas, storage of natural gas and LNG, as well as regasification programs, to guarantee supply and meet the demand of the energy industry across the Americas.
  • This is in addition to two solar energy generation projects in the State of Rio de Janeiro.
  • The company also expects to make new investments in the coming years in renewable projects as well as green technology initiatives.

TechnipFMC Announces First Quarter 2024 Results

Retrieved on: 
Jeudi, avril 25, 2024
Oil, Gas, Energy, Machinery, Engineering, Maritime, Logistics, Supply Chain Management, Transport, Manufacturing, Mero, NEP, United, ExxonMobil, BP, Partnership, Research, TechnipFMC, Carbon, Gulf of Mexico, High, Subsea technology, Tree, Whiptail, ANP, CO2, Petrobras, Shell, TotalEnergies, Natural gas

3 Backlog as of March 31, 2024 does not include total Company non-consolidated backlog of $239 million.

Key Points: 
  • 3 Backlog as of March 31, 2024 does not include total Company non-consolidated backlog of $239 million.
  • Subsea reported first quarter revenue of $1,734.8 million, an increase of 0.8 percent from the fourth quarter.
  • Subsea reported an operating profit of $156.6 million, an increase of 7.5 percent from the fourth quarter.
  • Subsea reported adjusted EBITDA of $242.4 million, an increase of 7.5 percent when compared to the fourth quarter.

Global Gas Shale, Oil Sands, and Oil Shale Industry Report 2023 - ResearchAndMarkets.com

Retrieved on: 
Jeudi, mars 7, 2024
Alternative Energy, Energy, Oil, Gas, Air pollution, Sand, Petroleum, Natural gas, Water, Growth, SWOT, Ambre Energy, Eesti Energia, Clay, Attention, Shale gas, Petrobras, GHG

The "Global Market for Gas Shale, Oil Sands, and Oil Shale - Forecast and Analysis 2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Market for Gas Shale, Oil Sands, and Oil Shale - Forecast and Analysis 2023" report has been added to ResearchAndMarkets.com's offering.
  • The author introduces a comprehensive analysis of these unconventional fuel sources in its report titled Global Market for Gas Shales, Oil Sands, and Oil Shales - Forecast and Analysis 2023.
  • This comprehensive report encompasses a thorough exploration of the global gas shales, oil sands, and oil shales market.
  • The report delves into gas shales, oil sands, and oil shales across three key sections:
    Provides an in-depth introduction to gas shales, covering technical insights into shale gas extraction processes, economic factors, natural gas origins in shale, and fluid management techniques.

Seadrill Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Mercredi, février 28, 2024
Energy, Other Energy, Utilities, Oil, Gas, Acquisition, CST, Adjustment, Capital expenditure, MPD, GAAP, Petrobras, Optimism, Capital, Airline

For the fourth quarter 2023, Seadrill recognized $408 million in total operating revenues.

Key Points: 
  • For the fourth quarter 2023, Seadrill recognized $408 million in total operating revenues.
  • Net cash provided by operating activities was $140 million for the fourth quarter, a $28 million, or 25%, sequential improvement compared to the third quarter.
  • During the fourth quarter, Seadrill completed its initial $250 million buyback program, which started on September 12, 2023, and commenced an incremental $250 million program, on December 14, 2023.
  • The Company expects the contracts to commence in the fourth quarter of 2024, after which Seadrill will be operating six drillships offshore Brazil.

Knot Offshore Partners LP Earnings Release—interim Results for the Period Ended December 31, 2023

Retrieved on: 
Lundi, février 26, 2024
Oil, Gas, Energy, Maritime, Transport, Other Energy, Acquisition, Shuttle, TotalEnergies, ATM, Growth, Sale, Partnership, Exercise, Petrobras, NYK, Employment, Public expenditure, Agent, Construction

The Partnership does not apply hedge accounting for derivative instruments, and its financial results are impacted by changes in the market value of such financial instruments.

Key Points: 
  • The Partnership does not apply hedge accounting for derivative instruments, and its financial results are impacted by changes in the market value of such financial instruments.
  • On January 9, 2024, the loan facility secured by the Dan Sabia was repaid in full with a $10.4 million payment.
  • In May 2024, the loan facility secured by the Hilda Knutsen is due for repayment, for which the balloon repayment is $57 million.
  • Management believe that such facility will be refinanced on acceptable and similar terms prior to maturity.

Automation Anywhere's Generative AI-Powered Automation Saves Petrobras $120 Million in Just Three Weeks

Retrieved on: 
Jeudi, mars 7, 2024
SAN, Artificial intelligence, AI, Gen, CPO, HR, Petrobras, Automation Anywhere, Automation, Tax, CIO, Wind

SAN JOSE, Calif., March 7, 2024 /PRNewswire/ -- Automation Anywhere, the leader in intelligent automation solutions that put artificial intelligence (AI) to work across every aspect of an organization, announced that Petrobras realized $120 million in savings within three weeks, by using Automation Anywhere's Automation Co-Pilot for Business Users to efficiently prepare and process its complex tax filings.

Key Points: 
  • Petrobras fed hundreds of pages of complex Brazilian tax code into a new generative AI model powered by Automation Anywhere, along with months of the company's tax data.
  • "We're thrilled with our early results with Gen AI-powered automation to save us tens of millions of dollars in just a few short weeks," said Carlos Barreto, CIO at Petrobras.
  • "Petrobras is an incredible success story of using automation and AI to rethink their business at every level," said Adi Kuruganti, CPO at Automation Anywhere.
  • "Many companies are just beginning to see how fast massive savings can be realized with generative AI-powered automation.

Curtiss-Wright Signs Subsea Seal-Less Canned Motor Boosting System Agreement With Petrobras

Retrieved on: 
Lundi, février 12, 2024
Engineering, Machinery, Manufacturing, CW, Curtiss-Wright, Campos Basin, PBR, Petrobras, Hydrocarbon, Gasoline

Curtiss-Wright is working jointly with Petrobras to develop a subsea boosting system for unprocessed hydrocarbon fluid consisting of a mixture of oil, gas and particulates that will operate at a 1,500-meter water depth.

Key Points: 
  • Curtiss-Wright is working jointly with Petrobras to develop a subsea boosting system for unprocessed hydrocarbon fluid consisting of a mixture of oil, gas and particulates that will operate at a 1,500-meter water depth.
  • The system will leverage Curtiss-Wright’s canned motor technology, as well as Petrobras’ expertise in flow assurance and offshore hydrocarbon production and processing, to ensure the subsea boosting system will perform according to field requirements.
  • This “topside-less” technology will support Petrobras’ objective of all-electric subsea boosting systems to enable long tie-back production arrangements.
  • The first Subsea Canned Motor Boosting System is expected to be ready for operation in 2027.

Weatherford Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Mardi, février 6, 2024
Well, Carbon, Petrobras, Partnership, ExxonMobil, Growth, Weatherford International, Senior, WFRD, PTTEP, Ageing, Note, QatarEnergy, Safety, Capital, MPD, Capital expenditure, Pump, CCS, Well services, Acquisition, Video game

HOUSTON, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced today its results for the fourth quarter of 2023 and full year 2023.

Key Points: 
  • Operating income was $216 million in the fourth quarter of 2023, compared to $218 million in the third quarter of 2023 and $169 million in the fourth quarter of 2022.
  • Basic income per share was $1.94, compared to $1.70 in the third quarter of 2023 and $1.01 in the fourth quarter of 2022.
  • Fourth quarter 2023 cash flows provided by operating activities were $375 million, compared to $172 million in the third quarter of 2023 and $193 million in the fourth quarter of 2022.
  • Capital expenditures were $67 million in the fourth quarter of 2023, compared to $42 million in the third quarter of 2023 and $49 million in the fourth quarter of 2022.