All the countries of the world, especially Brazil, have experienced in the last years an economic tendency of cost reduction, cut in expenses and incessant search for new technologies that optimize processes. Among the most active sectors in this area is that of oil and gas. which has a state-of-the-art innovation: Columbia Tecnologia, a company... Continue Reading →

Report: Total to spend $1B per year in Brazil Total E&P do Brasil, a Brazilian arm of the French oil major Total, reportedly plans to invest around $1 billion per year in Brazil.  According to a report by Reuters on Monday, Total’s Brazilian operations head, Maxime Rabilloud, told Brazilian financial newspaper Valor Econômico the company plans to... Continue Reading →

Politicians and investigators across Latin America demanded more information from Brazil-based construction company Odebrecht on Thursday after it admitted to a decade of immense bribe payments in the region. In agreeing on Wednesday to pay at least $3.5 billion to Brazilian, U.S. and Swiss prosecutors, the largest penalty ever in a foreign bribery case, Odebrecht... Continue Reading →

  The merger between Technip and FMC Technologies is set to be completed in less than a month. The two oilfiled services companies said on Wednesday that the Chancery Division of the High Court of Justice of England and Wales approved the European cross-border merger between Technip and TechnipFMC and set the date of completion... Continue Reading →

Brazilian construction conglomerate Odebrecht SA ODBES.UL is in advanced talks on selling its majority stake in a $5 billion natural gas pipeline project in Peru to Canada's Brookfield Asset Management Inc (BAMa.TO), Peru's Finance Minister Alfredo Thorne said in a televised interview. The two companies and the government of Peruvian President Pedro Pablo Kuczynski struck... Continue Reading →

Odebrecht SA, Latin America’s biggest construction company, and an affiliate agreed to pay more than $3.5 billion to resolve bribery allegations involving Brazil’s state-run oil company, the largest corruption penalty ever levied by global authorities. Odebrecht pleaded guilty in Brooklyn, New York, on Wednesday to conspiring to pay bribes in violation of the Foreign Corrupt Practices... Continue Reading →

Brazilian construction firm Odebrecht SA [ODBES.UL] and affiliated petrochemical company Braskem SA pleaded guilty in a U.S. court on Wednesday to violating American foreign bribery laws as part of a more than $3 billion deal resolving a sweeping corruption probe of Brazil's state oil company. The companies entered their pleas in federal court in Brooklyn... Continue Reading →