Brazilian far-right presidential candidate Jair Bolsonaro, who narrowly missed a first-round presidential win yesterday, said on Monday on Twitter that he would reduce the number of ministries, privatize state companies and combat fraud in social programs if elected. The statement sheds some light on Bolsonaro’s governmental agenda, which has remained hazy except for the appointment... Continue Reading →

Norwegian oil and gas giant Equinor has reduced the estimated investments for operated projects in the development phase on the Norwegian continental shelf by some NOK 30 billion ($3.6 billion) since the development plans were submitted to Norwegian authorities. Read more

  Oct, 2018   Digitalization is a trend across the industry. The oil and gas sector, of course, also goes through this process of change, accompanying the other segments of the economy. With this in mind, Vallourec has launched a brand encompassing smart solutions, combining physical and digital services. Called Vallourec.smart, the initiative aims at... Continue Reading →

Brazil’s presidential election will be decided in a run-off between right-winger Jair Bolsonaro and leftist Fernando Haddad, the president of the country’s top electoral court said on Sunday. Read more

Energy services company Shawcor has been assigned work from Saipem valued at approximately C$110 million ($85M) on the Exxon-operated Liza I and II deepwater development projects located offshore Guyana. Shawcor said on Thursday that the company’s pipe coating division would provide thermal insulation and anti-corrosion coating services for the Liza I and II projects offshore... Continue Reading →

Rio de Janeiro, October 5, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that yesterday it prepaid a debt with Banco do Brasil, in the amount of R$2 billion, whose maturity would occur in 2020. Simultaneously, Petrobras has signed with the same institution and the same amount a revolving credit facility, with maturity in October... Continue Reading →