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Sept 9 (Reuters) Brazil's President Luiz Inacio Lula da Silva said on Tuesday that environmental agency Ibama should be satisfied with the results of an emergency drill done by state-run oil firm Petrobras in the country's Foz do Amazonas basin, ahead of Ibama's official assessment. "Petrobras has already carried out the test. Ibama should be... Continue Reading →
Sept. 9 - FairWind, a global leader in wind turbine installation and service solutions, has appointed Aitor Diaz de Lezana Fernández to the newly created role of Regional Head of Service for Southern Europe, South America & South Africa (SESA). Mr Diaz de Lezana Fernández brings more than 19 years’ experience in the wind sector,... Continue Reading →
Sept. 9 (OE) BW Energy has completed a $365 million project finance facility to fund the refurbishment and redeployment of the Maromba floating production, storage and offloading vessel (FPSO) to Brazil’s Maromba field. The loan, backed by China Export & Credit Insurance Corporation (Sinosure), was significantly oversubscribed and will cover around 80% of total project... Continue Reading →
Sept. 3 (offshore-energy.biz) Following the handover of the operator role for one block, Challenger Energy Group (CEG), the Isle of Man-headquartered oil and gas company, has embarked on a search for a partner at another block off the coast of Uruguay. Before initiating a farm-out process for the AREA OFF-3 block, the firm progressed its planned technical... Continue Reading →
Sept. 4 (OE) French seismic firm Viridien, in collaboration with joint venture partner TGS, has started the Megabar Extension Phase I survey in the Barreirinhas Basin offshore Northern Brazil. The 5,300 sq km multi-client 3D seismic survey will be acquired by TGS and imaged by Viridien and builds on Viridien’s existing Megabar survey coverage. The... Continue Reading →
Sept. 2 (foreignaffairs.com) In April, when Donald Trump announced his “Liberation Day” tariffs on dozens of countries, Brazil emerged largely unscathed. Brazilian exports to the United States became subject to ten percent levies, the baseline rate, escaping the debilitating tariffs applied to the goods of some U.S. allies. In late July, however, Trump declared that... Continue Reading →
Sept. 2 (OE) TechnipFMC has secured two subsea contracts from Brazil’s state-controlled oil company Petrobras to supply flexible pipe systems for projects in the Santos and Campos basins. The first award, classed by TechnipFMC as ‘substantial’ and valued between $250 million and $500 million, covers the design, engineering and manufacture of flexible gas injection risers.... Continue Reading →
Sept. 2 (OE) Fugro has signed two three-year contracts with offshore energy services company Constellation to support deepwater exploration activities in Campos Basin and the emerging Equatorial Margin, two of Brazil’s most strategically important regions. Fugro’s work will involve deploying advanced remotely operated vehicles (ROVs) aboard Constellation-managed vessels to carry out subsea equipment inspections, interventions... Continue Reading →
Aug. 29 (Reuters) -Brazil plans to announce a tax incentive plan in early September aimed at attracting foreign tech companies to build data centers in the country, two economic policy officials told Reuters. The sources, who requested anonymity to discuss the confidential plans, said the "Redata" program is designed to build goodwill with big tech... Continue Reading →
Aug 28 (Reuters) - Brazil's Foreign Ministry has ordered trade body Camex to start analyzing whether a local reciprocity law could be used against the United States after U.S. President Donald Trump imposed steep tariffs on several goods from the South American country. The law, passed earlier this year by Brazil's Congress, establishes a legal framework... Continue Reading →
Brazil Energy Insight 