Less than ten years ago, new-entrant rig startups could contract multiple rigs at yards in Singapore and China and raise money with little difficulty. Today’s private equity and institutional investors, however, are looking for promoters who know how to operate offshore rigs, have been successful before, and are willing to put their own money into... Continue Reading →
Brazil politicians hit by corruption scandal unlikely to return, former president says
Politicians caught up in a sweeping three-year graft investigation are unlikely to return to their positions of power, former President Fernando Henrique Cardoso said in an interview. Cardoso included Brazil's former President Luiz Inacio Lula da Silva, the front-runner in early polls for next year's presidential elections despite facing five corruption trials, as among those... Continue Reading →
Slumping oilfield services sector bets on new offshore technology
HOUSTON (Reuters) – The oil industry’s top equipment and services suppliers this week are hawking vastly cheaper ways of designing and equipping subsea wells, aiming to slash the cost of offshore projects to compete with the faster-moving shale industry. At the Offshore Technology Conference, the industry’s annual gathering of floating rig and subsea well suppliers,... Continue Reading →
Offshore Technology Conference (OTC) | Francisco Costa | Manager | LIBRA Extended Well Test: Getting Ready for First Oil| Houston, EUA
See attached presentation. Francisco-Costa-OTC-Houston-EUA
Offshore Technology Conference (OTC) | Orlando Ribeiro | General Manager | LIBRA @35: Main challenges and solutions| Houston, EUA
See attached presentation. Orlando-Ribeiro-OTC-Houston-EUA
Offshore Technology Conference (OTC) | Osmond Coelho Jr. | General Manager | LIBRA PROJECT – Production Development Projects: NW Region| Houston, EUA
See attached presentation. Osmond-Coelho-Jr-OTC-Houston-EUA_0
Offshore Technology Conference (OTC) | Fernando Borges | Executive Manager | LIBRA PROJECT: Reducing Breakeven and Preparing for First Oil| Houston, EUA
See attached presentation. Fernando-Borges-OTC-Houston-EUA
Offshore Technology Conference (OTC) | Pedro Parente | CEO | Petrobras opportunities in a new oil & gas scenario | Houston, EUA
See attached presentation. Pedro-Parente-OTC-Houston-EUA_0
Brazil PMI surveys spell end to nation’s deepest-ever recession
Brazil's economy probably emerged in April from its deepest recession ever as lower interest rates and hopes of sweeping economic reforms bolstered services and manufacturing activity, a private survey showed on Thursday. The Purchasing Managers Index (PMI) for the Brazilian services sector, compiled by research firm Markit, rose to 50.3 in April from 47.7 in... Continue Reading →
More work needed to free Petrobras of corruption: Brazil prosecutor
A top Brazilian prosecutor said Thursday there was still much work to be done to rid state-run oil company Petrobras of corruption, despite more than three years of investigations into a political kickback scheme involving contractors. Prosecutor Carlos Lima made the statement at a news conference detailing the arrests of three former Petrobras executives who... Continue Reading →
Brazil Energy Insight 