Venezuela News

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U.S. to send envoy to Saudi Arabia to Stabilize Oil Prices

to come on board with OPEC's continued efforts to bolster prices, and the country's largest oil producer, Rosneft, has been an opponent of the deal with OPEC to cut supply. Units of Rosneft, and its managers, were recently sanctioned by the United States due to its trade relationship with Venezuela.Trump administration officials will continue to reduce global oil output with sanctions on what the officials called bad actors in Iran and Venezuela, both of which are OPEC members, and their shipping networks, the officials said. To the extent that Russia is involved in marketing Venezuelan oil

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Brazilian Beaches Hit by Second Oil Spill

, an ocean researcher at the Federal University of Ceará, told news website G1 that a large quantity of the same oil that appeared on beaches earlier this year still lay in the seabed and was moving to shore because of ocean currents.Brazilian government officials have said that tests indicated Venezuela as the probable origin of the oil. The country dismissed that assertion.(Reporting by Marcelo Teixeira; Editing by Peter Cooney

Schlumberger Revenue Misses Estimates

about 43 percent to $3.14 billion."Despite OPEC's recent decision to increase production, the global supply base continues to weaken," Chief Executive Officer Paal Kibsgaard said, pointing to uncertainty for producers and service providers due to sanctions on Iran, falling production from Venezuela and outages in Libya.The world's largest oilfield services company posted net income attributable of $430 million, or 31 cents per share, in the second quarter ended June 30, compared with a loss of $74 million, or 5 cents per share, a year earlier.Total revenue rose 11.3 percent to $8.30 billion

Schlumberger CFO Ayat to Retire Soon

a solid second half of 2018, James West, a senior managing director for Evercore ISI, wrote in a note on Monday.Biguet previously held positions as Schlumberger's treasurer and as controller of operations, according to its financial filings. He has worked at Schlumberger since 1995 with roles in Venezuela, Canada and France before taking on his current position in December, 2017, according to his LinkedIn profile.Biguet "is very skilled in managing the organization," said one person familiar with proposed changes. "Now, he needs to manage the Street."Ayat started at Schlumberger

Tool Deployment (Photo: JFSE)

JFSE Launches 'Excavation Plus' Package

and Gulf of Mexico and is planning to roll out the ‘Excavation Plus’ service worldwide. Clients will be able to tailor the package to suit their particular project requirements – providing a flexible approach.   With bases in UK, USA, Africa, Singapore, Mexico, UAE, China and Venezuela, JFSE a CFE provider with more than 28 strategically based equipment spreads and a team responsible for the successful completion of more than 490 projects over the past 20 years

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Mexico's Oil Reform a Boon for Hard-hit Oil Service, Seismic Firms

solution, a way to speed it up," Marcio Felix, Brazil's oil and gas secretary, said on Monday.   The Mexican regulator, the National Hydrocarbon Commission (CNH), opened all of Pemex's data to seismic firms, licensing them to reprocess and sell it.   In countries including Brazil and Venezuela, state-run oil companies have kept most of their seismic data from rivals, giving them an advantage in areas where they are considered strong.   "Pemex has had to give up a lot to make the reform work," said Luis Vierma, exploration and production consultant and former vice-president

Photo: Archivo Gaceta Marinera

Argentina Sticking with Submarine Program despite Disaster

the Jan Juan disaster is complete.   Argentina spends about 1 percent of its gross domestic product on defense, less than its neighbors Chile, Brazil and Peru.   Peru has six subs, Chile four and Brazil plans to increase its five-vessel fleet by four over the next few years. Ecuador and Venezuela each have two and Colombia has four.   “Submarines are an excellent strategic weapon to use in inter-state conflicts. Thankfully, in our region we have optimal relations with our neighbors. But that can change,” Calle said.   Subs are used to patrol sovereign maritime

(Photo: James Fisher Subsea Excavation)

New Water Jet Promises to Boost Soil Cutting Capabilities

understand the effects of this setup and the results were impressive. We can now cut soils with shear strengths almost double that which any other M/CFE system can realize.”   The jets are now being fitted to JFSE tools which are stationed at strategic hubs in the U.K., UAE, Singapore, Venezuela, U.S., Brazil, China and Mexico.   JFSE’s fleet of 30 equipment spreads provides a non-contact form of excavation that eliminates the risks associated with other excavation methods. Further enhancing their capabilities, the tools have the additional benefit of real-time sonar imaging

Photo: JFSE

JFSE Launches Twin T8000

;s fleet includes 30 M/CFEs and experts at the company, who are responsible for the successful completion of almost 450 projects over a period of 19 years, are currently developing two further excavators which will be launched to the market in 2017. With strategic hubs in the UK, UAE, Singapore, Venezuela, USA, Brazil, South Africa, China and Mexico and tools based in five continents, it is the only M/CFE company capable of working on multiple projects simultaneously. As part of the James Fisher group, JFSE has access to bases and sister company expertise in more than 40 countries worldwide

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