TechnipFMC’s shares slid on Tuesday, a day after the oil services company said it had overstated its first-quarter net income by $209.5 million. TechnipFMC said late on Monday that the overstatement stemmed from accounting errors related to its auditing of foreign exchange movements, after examining the matter with […]
07/26/2017 Independent Barra Energia is studying to participate in the auction of the area adjacent to Carcará’s promising discovery in the Santos Basin pre-salt this year, but still assesses if it will have the resources to make the investment, said the company’s CEO, Renato Bertani. The portion […]
Royal Dutch Shell Plc’s cash flow from operations rose to the highest since the oil price slump started in 2014 as asset sales and cost cuts helped Europe’s largest energy company pay down debt and boost profit. The consensus-beating second-quarter performance showed how Shell’s response to the worst industry […]
Brazil’s central bank cut interest rates below 10 percent for the first time since 2013 on Wednesday and signaled it could keep up its pace of easing as plunging inflation gives it leeway to aid an incipient recovery. The bank’s nine-member monetary policy committee, known as Copom, cut […]
Rio de Janeiro, July 25, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that in 2014 it started a study to reassess the processes at refining and fertilizer units, and, therefore, adjust the number of job posts for safer, more reliable and efficient operations at its industrial units. […]
Rio de Janeiro, July 26, 2017 – Petróleo Brasileiro S.A. – Petrobras, pursuant to the material fact of June 30, 2017, reports that its Board of Directors approved today the inclusion in the Special Program for Tax Regularization (Programa Especial de Regularização Tributária – “PERT”),, established by Provisional […]
Rio de Janeiro, July 26, 2017 – Petróleo Brasileiro S.A. – Petrobras, in compliance with the provisions of Instruction no. 358, of January 3, 2002, by the Securities and Exchange Commission of Brazil (“CVM”), reports that its Board of Directors has approved, in a meeting held today, the […]
SAO PAULO (Reuters) – Brazilian state-run oil company Petrobras said on Wednesday that its second-quarter results will be hit by a 6 billion reais ($1.9 billion) charge to include debits from changes to a pension fund scheme in its tax normalization program. Petroleo Brasileiro SA said in a […]
RIO DE JANEIRO (Reuters) – Brazilian federal police on Thursday arrested former Petrobras Chief Executive Officer Aldemir Bendine on suspicion he received large bribes from construction conglomerate Odebrecht. [ In a statement, the prosecutor-general’s office said police served three arrest warrants and executed 11 search and seizure orders […]
French geophysical services company CGG has completed an extension of its Santos VII broadband 3D multi-client survey offshore Brazil. CGG said on Wednesday that the 1,867 square kilometer extension to the original footprint gives the company a total of almost 16,000 square kilometers of newly acquired and imaged […]
