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A Brazilian bribery machine Record fine for illegal payments by Odebrecht raises hopes of end to the country’s culture of impunity The Big Read by: Joe Leahy/FT It revamped the Maracanã stadium, Brazil’s home of football in Rio de Janeiro, for the 2014 World Cup, developed one of the largest hydroelectric dams in Africa and built... Continue Reading →
Rio de Janeiro, December 29, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that it closed yesterday (December 28), the sale of 100% of the shares in Nansei Sekiyu (“NSS”) to Taiyo Oil Company (“Taiyo”). The operation was completed through the payment of US$ 165 million made yesterday by Taiyo, after compliance with all previous... Continue Reading →
Rio de Janeiro, December 28, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that, in a meeting held today, its Board of Directors approved the signing of the agreement for the sale of Companhia Petroquímica de Pernambuco (“PetroquímicaSuape”) and Companhia Integrada Têxtil de Pernambuco (“Citepe”) to Grupo Petrotemex S.A. de C.V. and Dak Americas Exterior,... Continue Reading →
Rio de Janeiro, December 28, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBIO) celebrated on this date with Tereos Participations SAS, a company under French group Tereos, the Agreement for Purchase and Sale of Shares (“Contrato de Compra e Venda de Ações e Outras Avenças”), to... Continue Reading →
Rio de Janeiro, December 27, 2016 – Petróleo Brasileiro S.A. – Petrobras responds to Official Letter no. 577/2016/CVM/SEP/GEA-1 which requests clarifications, as follows: Official Letter no. 577/2016/CVM/SEP/GEA-1 "Dear Executive Officer, I report to the news herein attached, published on December 21 and 22, 2016, in some newspapers, under the titles “Lava-Jato: Braskem e Odebrecht... Continue Reading →
Wed Dec 28, 2016 Oil and natural gas production in Brazil reached 3.307 million barrels of oil equivalent per day in November, according to a report released by the government's petroleum industry regulator ANP on Friday. Oil production fell 0.6 percent from October to 2.609 barrels per day, with more than one-quarter of this coming... Continue Reading →
Talks between Brazil, Iran and India could result in the construction of an oil refinery and petrochemical plant in one of the South American nation’s poorest states, according to politicians, a diplomat and other people close to the talks. Read more
December 27, 2016 Good news for the naval industry late in the second half of 2016: the Merchant Marine Fund has prioritized Wilson Sons to invest $ 9.4 million in the review and maintenance of all vessels. In all, 12 tugboats will go through this process between 2017 and 2018. The decision of the FMM... Continue Reading →
Dec 27, 2016 Siem Offshore took delivery of the second intervention tanker of its fleet. It is the Siem Helix 2, which will now join the Siem Helix 1 - both chartered by the US-based Helix Energy Solutions. The US company will provide offshore well intervention services in Brazil to Petrobrás. Siem Helix 2... Continue Reading →
Brazilian oil company Petrobras has terminated early a charter contract with Golar LNG for the Golar Spirit FSRU. The company’s 1981-built floating, storage, and regasification unit (FSRU) Golar Spirit has been on hire in Brazil since 2008 and operating since 2009, under a 10-year contract with Petrobras. Golar LNG Partners said on Tuesday that,... Continue Reading →
Brazil Energy Insight 