Oilfield services jobs picking up after massive cuts, analyst says

Oilfield services jobs picking up after massive cuts, analyst says | Offshore Energy Today http://www.offshoreenergytoday.com/wp-content/themes/navingo20/js/html5.js http://www.offshoreenergytoday.com/wp-content/themes/navingo20/js/respond.min.js Oilfield services industry has laid off some 300.000 people since the collapse of oil prices in 2014, however the tide is now turning, according to a Norwegian energy intelligence group. Rystad Energy has carried out a research according to... Continue Reading →

April 7, 2017 0

Wood Group wins Brazilian engineering contract with Karoon

Wood Group wins Brazilian engineering contract with Karoon | Offshore Energy Today http://www.offshoreenergytoday.com/wp-content/themes/navingo20/js/html5.js http://www.offshoreenergytoday.com/wp-content/themes/navingo20/js/respond.min.js zoomLocation of the Echidna field; Image source: Karoon UK-based energy services company Wood Group has been awarded a multi-year contract from Karoon Petróleo & Gás to provide engineering services for the full development of the Echidna field offshore Brazil. Wood Group... Continue Reading →

April 7, 2017 0

Petrobras – Disclosure of Relevant Shareholding Position

Rio de Janeiro, April 6, 2017 – Petróleo Brasileiro S.A. – Petrobras, in compliance with article 12 of CVM Instruction no. 358, dated of 1/3/2002, reports that it was notified by BlackRock, Inc. ("BlackRock") that the latter has acquired preferred shares issued by the company and as of April 4th, 2017 it manages share interests... Continue Reading →

April 7, 2017 0

Engie Brasil expects bids for its coal assets soon

Engie Brasil is the largest private power generator in the country with 9.3 gigawatts of total capacity. It is only behind state-controlled power holding company Centrais Elétricas Brasileiras SA in generation capacity. ....opportunities in natural gas should arise as state-run oil firm Petróleo Brasileiro SA advances in its divestment program, which includes the sale of... Continue Reading →

April 6, 2017 0

Petrobras believes change in the law is necessary for agreement on pre-salt onerous assignment

The president of Petrobras, Pedro Parente, believes that a change in the law is necessary to make possible an agreement between Petrobras and the federal government on the exploration contract for pre-salt areas, the so-called onerous assignment. Oil reserves were granted by the government during the capitalization of Petrobras in 2010. At the time, the... Continue Reading →

April 6, 2017 0

Mexico’s Pemex says officials to testify in Odebrecht bribery probe

State-owned oil company Pemex said on Wednesday that Mexican prosecutors have called for testimony from Pemex officials in an investigation of a bribery scandal around Brazil-based builder Odebrecht. Pemex said in a statement that Mexico's attorney general's office on April 3 had requested testimony from company officials, whom Pemex did not name, as well as... Continue Reading →

April 6, 2017 0

Odebrecht Bonds Are Both the Best and Worst in Brazil

Odebrecht SA is rewarding some bondholders while others get burned. Notes issued by the holding company plunged Wednesday after newspaper Valor Economico reported executives had told creditors that it will inevitably file for bankruptcy. The bonds are the worst performers in Brazil this year, losing more than a third of their value, as speculation mounted... Continue Reading →

April 6, 2017 0

Petrobras CEO says Exxon expressed ‘strong interest’ in pre-salt oil

U.S. oil company Exxon Mobil Corp (XOM.N) expressed to Brazil's state-controlled company Petrobras (PETR4.SA) "strong interest" in the exploration of deep-water oil fields off the Brazilian coast, Petrobras Chief Executive Pedro Parente said on Tuesday. "Considering movements towards a strategic partnership, we have nothing concrete with Exxon, but they have certainly expressed strong interest in... Continue Reading →

April 5, 2017 0

Brazil annual inflation seen approaching target in March

Brazil's annual inflation rate is likely to hit a 6-1/2 year low and approach the government target, helped by easing food costs and moderating increases in the price of imports as the Brazilian currency strengthens, a Reuters poll showed on Wednesday. Consumer prices were seen rising 4.57 percent in the 12 months through March, down... Continue Reading →

April 5, 2017 0

Petrobras – CARF ruling on taxes calculation

Rio de Janeiro, April 5, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that the Brazilian Administrative Board of Tax Appeals (CARF) issued yesterday a decision on an administrative tax procedure that upholds taxation, for the purposes of calculating the Income Tax of Legal Entities (IRPJ) and the Social Contribution on Net Profits (CSLL) for... Continue Reading →

April 5, 2017 0