Petrobras

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

Retrieved on: 
Thursday, March 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: 
Wednesday, February 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: 
Monday, February 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: 
Thursday, March 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: 
Monday, February 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: 
Tuesday, February 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.

DHT Holdings, Inc. announces appointment of Ms. Ana Zambelli to the Board of Directors

Retrieved on: 
Thursday, February 1, 2024
Petrobras, Maersk Drilling, DHT, Transocean, Heriot-Watt University, Columbia University, Equity (finance), IBP, Management

HAMILTON, BERMUDA, February 1, 2024 – DHT Holdings, Inc. (NYSE:DHT) (the “Company”) today announced the appointment of Ms. Ana Zambelli to the Board of Directors, effective February 1, 2024.

Key Points: 
  • HAMILTON, BERMUDA, February 1, 2024 – DHT Holdings, Inc. (NYSE:DHT) (the “Company”) today announced the appointment of Ms. Ana Zambelli to the Board of Directors, effective February 1, 2024.
  • Ms. Ana Zambelli brings significant experience with more than 20 years in the energy sector in operational, commercial and finance roles.
  • Currently Ms. Zambelli serves as an independent board member for Seadrill, Galp and BW Energy.
  • Ms. Ana Zambelli graduated in mechanical engineering from the Federal University of Rio de Janeiro, and she holds a master’s degree in petroleum engineering from Heriot Watt University in the UK.

Halliburton Announces Fourth Quarter 2023 Results and Increases Dividend

Retrieved on: 
Tuesday, January 23, 2024
Other Manufacturing, Technology, Engineering, Other Energy, Oil, Gas, Manufacturing, Software, Energy, Machine Tools, Metalworking & Metallurgy, Well, Weather, Hand, Petrobras, Risk, AIQ, Net income, Sekal, Growth, Instability, Behavior, Gulf of Mexico, AICD, Evaluation, Safety, Completion, ADNOC, Advanced process control, Organization, International, Public expenditure, Automation, HAL, Adjustment, Climate, MPD, CENS, Drug

Halliburton Company (NYSE: HAL) announced today net income of $661 million, or $0.74 per diluted share, for the fourth quarter of 2023.

Key Points: 
  • Halliburton Company (NYSE: HAL) announced today net income of $661 million, or $0.74 per diluted share, for the fourth quarter of 2023.
  • Halliburton's total revenue for the fourth quarter of 2023 was $5.7 billion, flat when compared to the third quarter of 2023.
  • Operating income was $1.1 billion in the fourth quarter of 2023, a 2% increase when compared to the third quarter of 2023.
  • Halliburton Labs participating companies OCOChem, Ionada and Disa Technologies each separately announced they successfully closed equity funding in the fourth quarter.

Alternative Fuels Market to Record a Growth of USD 78.41 billion between 2022 and 2027, Discover Latest Trends, Market Share, and Evolving Opportunities - Technavio

Retrieved on: 
Monday, January 22, 2024
Fuel oil, Chevron Corporation, PJSC, Natural gas, Aviation, Shell plc, Honeywell, CNOOC, ENGIE, Gazprom, World Bank, Equinor, Growth, Sale, Petrobras, Carbon, Climate change, PEM, USD, Ethanol, OMV, Professional corporation, BP, Gevo, Greenhouse gas, Methanol, GHG, ExxonMobil, Renewable energy

NEW YORK, Jan. 22, 2024 /PRNewswire/ -- The alternative fuels market size is expected to grow by USD 78.41 billion from 2022 to 2027, according to Technavio.

Key Points: 
  • NEW YORK, Jan. 22, 2024 /PRNewswire/ -- The alternative fuels market size is expected to grow by USD 78.41 billion from 2022 to 2027, according to Technavio.
  • The Alternative Fuels Market is witnessing a significant uptrend driven by the escalating adoption of eco-friendly fuel sources in the transportation sector.
  • The global off-grid alternative fuels market is expected to grow rapidly during the forecast period due to the Increasing emissions of GHGs.
  • These strategic investments are poised to propel the growth of the alternative fuels market in the APAC region throughout the forecast period.

Valaris Announces Contract Awards and Fleet Status Updates

Retrieved on: 
Tuesday, January 9, 2024
Maritime, Energy, Transport, Oil, Gas, Drillship, TotalEnergies, Harbour Energy, Anadarko Petroleum, Shell, Petrobras, Economics, Limited, MPD, Occidental

Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today new contracts and contract extensions, with associated contract backlog of approximately $1.14 billion, awarded subsequent to issuing the Company’s most recent fleet status report on November 1, 2023.

Key Points: 
  • Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today new contracts and contract extensions, with associated contract backlog of approximately $1.14 billion, awarded subsequent to issuing the Company’s most recent fleet status report on November 1, 2023.
  • Based on the firm contract term, the total contract value is approximately $519 million, inclusive of mobilization fees and additional services.
  • In conjunction with the above-mentioned contract extension and award for VALARIS 249, a previously disclosed one-well contract with the same operator offshore Australia for VALARIS 107 has been terminated.
  • The backlog associated with this contract is not included in the above-mentioned incremental backlog that has been awarded since the Company’s most recent fleet status report.