Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) - Most big Wall Street firms passed a test for business as usual in Texas last week when state Comptroller Glenn Hegar kept all but BlackRock Inc.(BLK.N) off a list of companies whose stance on boycotting oil and gas stocks could trigger divestment by public agencies. But top banks like Wells Fargo (WFC.N) and JPMorgan Chase &... Continue Reading →
(Reuters) - Ecuadoran state oil company Petroecuador has asked global commodities trader Trafigura to stop importing Russian diesel in an effort to comply with sanctions targeting Russia's energy exports, Petroecuador said in a statement late on Sunday. Petroecuador's public warning to Trafigura follows European Union and United States sanctions imposed on Russian energy supplies after... Continue Reading →
(Reuters) - Trafigura has been prevented from bringing fuel to Mexico months after the lifting of import restrictions on the global commodities trader, federal court documents showed, underscoring the roadblocks that foreign energy companies continue to face. The Geneva-based company in April convinced a federal court judge in Mexico City to lift the suspensions, according... Continue Reading →
(Reuters) - A Peruvian judge on Tuesday admitted a $4.5 billion lawsuit against Spanish oil firm Repsol SA (REP.MC), eight months after an underwater oil pipeline owned by the company caused a spill of over 10,000 barrels into the Pacific Ocean. The civil lawsuit seeking $3 billion for environmental damage and $1.5 billion for damages to... Continue Reading →
(Reuters) - A Venezuelan man has been indicted for allegedly laundering the proceeds of inflated procurement contracts obtained via millions of dollars in bribes to officials at Venezuelan oil venture Petropiar, the U.S. Department of Justice said on Wednesday. Rixon Moreno, 46, allegedly received benefits including over $30 million in payments on contracts from Petropiar... Continue Reading →
(Reuters) - Four major oil companies have agreed to end U.S. lawsuits that together sought to enforce multi-billion dollar arbitration awards against Nigeria's state-owned oil company, after reaching new deepwater oil production sharing agreements. Two federal judges on Aug. 22 granted requests by Exxon Mobil Corp (XOM.N), Royal Dutch Shell Plc , Chevron Corp (CVX.N) and Norway's state-owned... Continue Reading →
(Reuters) - A U.S. court upheld a tribunal's $8.75 billion award to U.S. oil producer ConocoPhillips over the expropriation of its Venezuelan oil assets, granting a default judgment in the case on Friday. The decision gives the U.S. company new authority to collect on a 2019 award by a World Bank tribunal. The award includes... Continue Reading →
(U) The Brazilian National Petroleum Agency (ANP) has set a date for 16 December to receive proposals in the country’s first auction featuring pre-salt acreage under the so-called permanent offer initiative. In a meeting held on 16 August, the regulator has approved the calendar for the upcoming bid round. According to the proposed timeline, companies... Continue Reading →
UK-based Altera Infrastructure has entered a Chapter 11 bankruptcy process in the U.S. to address its debt of over $1.5 billion. Formerly a part of Teekay, Altera Infrastructure is based in Westhill, Scotland and it is a supplier of infrastructure assets to the offshore energy industry. In a statement on Monday, the company said that it has executed... Continue Reading →
(PN) Eneva expects to be able to resume, in the third quarter, negotiations with Petrobras for the purchase of the Bahia Terra Cluster. The information was disclosed today by Eneva's CFO, Marcelo Habibe, during a conference call with investors. The conversations with Petrobras, according to the executive, were already at an advanced stage, when a... Continue Reading →
Brazil Energy Insight 