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(TN) Ocyan S.A. announced the creation of a new company (DrillCo), which will concentrate its drilling activities with its current five rigs, ODN I, ODN II, Norbe VI, Norbe VIII and Norbe IX – that will form part of the new company's fleet. The new corporate structure is born in the context of the restructuring... Continue Reading →
(Reuters) General Electric Co has fended off a patent lawsuit over its Haliade-X turbines brought by Siemens Gamesa Renewable Energy A/S in a London court. Judge Richard Meade of London's High Court on Wednesday said Siemens, which had sued GE claiming that the Haliade-X infringed its European patent related to the use of bearings in... Continue Reading →
(Reuters) - The head of Brazil's electoral court Alexandre de Moraes on Wednesday rejected a complaint from President Jair Bolsonaro's allies to challenge the presidential election, which the incumbent lost by a small margin, according to a court document. Leftist ex-President Luiz Inacio Lula da Silva narrowly defeated Bolsonaro in the Oct. 30 runoff election, marking a... Continue Reading →
(PN) The Ministry of Mines and Energy gave the seal of “priority” to the project to implement the new FPSO in Enauta's Atlanta field, located in the Santos Basin. As a reminder, the new platform will be used in the field's definitive production system. The FPSO OSX-2 (renamed FPSO Atlanta), which will be used in... Continue Reading →
(Reuters) Venezuela told judges at the International Court of Justice (ICJ) on Thursday that they should throw out a case filed by Guyana in a long-running border dispute, which could determine which country has rights to offshore oil and gas fields. Guyana brought a case in 2018 asking the court to confirm the border was... Continue Reading →
(Reuters) - An appeals court in Milan on Friday rejected Nigeria's $1.092 billion compensation request against Italian energy group Eni (ENI.MI) and Shell (SHEL.L) in civil proceedings relating to a $1.3 billion oilfield deal. The decision was read out in court. In July, prosecutors had dropped related criminal proceedings, clearing Eni and Shell, as well as managers including Eni... Continue Reading →
(Reuters) Massachusetts utility regulators denied offshore wind power company Commonwealth Wind's motion to suspend its power purchase agreement with state electric utilities, raising questions about the future of Commonwealth's proposed offshore wind project. The Massachusetts Department of Public Utilities (DPU) said in an order on Friday that Commonwealth "is a sophisticated market participant well capable... Continue Reading →
(Reuters) - Guilherme Estrella, former director of Brazil's state-controlled oil giant Petrobras, filed a lawsuit in court to block the payment of dividends by the company. In a late Friday filing, Petrobras reported that Estrella, a former director of exploration and production, requested the blocking of 32.1 billion reais ($6.6 billion) in dividends that would... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in continuation of the statement released on 06/10/2022, informs that a decision was rendered by the Court of appeal of the State of Rio de Janeiro overturning the previous ruling that granted an injunction that freezed the contractual negotiations with the consortium of companies Petroreconcavo and Eneva concerning to the... Continue Reading →
(Reuters) - Ecuador's attorney general has detained seven people, including former officials, as part of an investigation into suspected corruption in state oil company Petroecuador, it said on Tuesday. Prosecutors carried out raids across several cities at the same time, with targets including Petroecuador's offices in capital Quito, after receiving information from authorities in the... Continue Reading →
Brazil Energy Insight 