Lima’s former mayor Susana Villaran is the latest politician to become ensnared in the ballooning scandal over the alleged payment of bribes or donations by Brazilian construction companies to some of the country’s leading politicians. Read more
Shell Restores Full Cash Dividend as It Emerges From Slump
Royal Dutch Shell Plc will pay its entire dividend in cash for the first time in more than two years as Europe’s biggest oil company seeks to demonstrate it has left the worst of the crude slump behind. Read more
Dommo Energia, former OGX, announces new command
The board of directors of Dommo Energia, formerly OGX, elected Celso Cordeiro de Mello to hold the position of chief operating officer of the company. In addition, the board elected Tatiana Gomide de Faria Tendler to the position of Administrative Director, accumulating the functions of Financial Director and Investor Relations. The company reported that Paulo... Continue Reading →
DOF keeps its offshore fleet busy with new charters
Norwegian offshore vessel owner DOF on Monday announced several charter awards. The company has, through its joint venture with Technip, secured a contract with McDermott for the pipelay support vessel Skandi Niteroi. The Brazilian-built vessel will work on the Atlanta project for Queiroz Galvão. The vessel will start the contract in November. The contract has... Continue Reading →
BREAKING: Giant Libra oil field in Brazil starts production
French oil company Total has announced first oil from the Libra mega-field, located in ultra-deep waters 180 kilometers offshore Rio de Janeiro, in the pre-salt Santos Basin in Brazil. The Libra project is operated by Brazil’s Petrobras. First oil is flowing into the Pioneiro de Libra FPSO, chartered by Petrobras from Teekay and Odeberecht consortium.... Continue Reading →
BW Offshore returns to quarterly profit
FPSO operator BW Offshore returned to profit during the third quarter of the year. Namely, according to the company’s financial report on Friday, net profit for the 2017 quarter was $3.9 million compared to a loss of $11.2 in the third quarter of 2016. BW Offshore’s operating revenues for the quarter dropped to $152.7 million... Continue Reading →
Who can and who cannot be a director at Petrobras
The board of directors of Petrobras is composed of the chairman and seven executive officers, elected by the Board of Directors. The directors must be Brazilian residents and have a unified management term that cannot be more than two years, with a maximum of three consecutive reelections permitted, and may be dismissed at any time.... Continue Reading →
2018 Pre-salt auction will have a bonus of R $ 4.65 bi
The National Council for Energy Policy (CNPE) published this Friday (27/11), in an extraordinary edition of the Official Gazette, the resolutions that define the parameters of the 4th pre-salt auction, scheduled for June 7, and the 15th round of the ANP, scheduled for March 29. A resolution foresees that the areas that will be... Continue Reading →
BASF in Talks to Merge Oil Unit Wintershall With Fridman’s Dea, Sees IPO
The German chemicals company would hold a majority in the combined entity, with a view to a possible initial public offering “in the medium term,” BASF said in a statement after Bloomberg News reported that the two sides were in talks. Discussions between BASF’s Wintershall AG unit and Fridman’s Dea Deutsche Erdoel AG are advanced and the combined... Continue Reading →
CHEVRON INVESTS IN THE INTERNET OF THINGS IN THE FPSO FRADE FOR COST REDUCTION
November 23, 2017 The Internet of Things is already a reality in many companies in the oil and gas sector, such as the case of Chevron, which managed to reduce the response time to critical and unexpected conditions by 90%. In Rio de Janeiro, the company has adopted a system in the FPSO Frade... Continue Reading →
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