Category: South America

OceanPact and CBO complete business combination, with a contract backlog exceeding R$ 14 billion

Sept.17 (PN) OceanPact and CBO confirmed this week the completion of their business combination, following final approval from the Administrative Council for Economic Defense (Cade) and the fulfillment of other conditions precedent. With the integration, CBO becomes part of OceanPact, while the Shipping unit is renamed OceanPact CBO. Upon completion of the transaction, the combined... Continue Reading →

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Brazil drives Miros’ expansion in South America with double-digit offshore technology wins

Sept. 17 - Norwegian ocean technology company Miros has secured double-digit offshore technology wins across South America in 2026, strengthening its commercial momentum in the region. The wins were secured between Q1 and Q3 2026, with Brazil accounting for the majority of activity and further deployments linked to offshore operations in Guyana. This activity reflects... Continue Reading →

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Shale Oil Now Makes Up 72% of Argentina’s Crude Output, Data Shows

Sept. 16 (oilprice.com) Argentina's controversial right-wing president, Javier Milei, slashed inflation with a brutal dose of economic austerity, but this came at a steep social cost. The cost of living is spiraling higher, fueling household debt, loan delinquencies, and economic hardship. Industrial output, since Milei took office, has declined sharply, with local companies closing at... Continue Reading →

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Vallourec secures major contract with Subsea7 for Petrobras’ Sepia 2 offshore project in Brazil

Sept. 16 - Vallourec—a global leader in premium seamless tubular solutions—announces that it has secured a major contract with Subsea7 to supply seamless carbon steel line pipe and thermal insulation coating for the Sepia 2 project, developed by Petrobras in the pre-salt region of the Santos Basin, offshore Brazil. This award follows the EPCI (Engineering,... Continue Reading →

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Ecopetrol approves government-backed board overhaul

Sept 15 (Reuters) - Colombia's state-controlled oil company Ecopetrol on Tuesday approved a sweeping board overhaul proposed by newly ​inaugurated President Abelardo De La Espriella's government, as the company ‌reels from corruption allegations and another senior management shake-up. Current chairman Luis Felipe Henao was reappointed to the nine-member board, along with Cesar Loza, and Ricardo... Continue Reading →

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Petrobras Taps Strohm for Deepwater Pipe Supply

Sept. 14 (OE) Petrobras has awarded Strohm a contract to supply thermoplastic composite pipes for water injection and gas lift applications in Brazil's deepwater post-salt cluster, with the technology to be tested in water depths of up to 1,500 metres. The contract with Strohm and its subsidiary Strohm Brasil also covers qualification testing, project engineering,... Continue Reading →

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