RIO DE JANEIRO (Reuters) - Brazil’s leading presidential candidate, right-wing Jair Bolsonaro, said on Thursday that he would not pull his country out of the Paris Agreement on climate change, reversing his earlier statements that he would exit the accord. About 60 percent of the Amazon rainforest lies within Brazil’s borders, and scientists have said... Continue Reading →

Oceaneering International has reported a net loss of $66.0 million, or $(0.67) per share, on revenue of $519 million for the three months ended September 30, 2018.  Adjusted net loss was $13.9 million, or $(0.14) per share, excluding the impact of $56.5 million of certain tax adjustments, the after-tax effects of a $9.3 million gain realized... Continue Reading →

Aker Solutions has strengthened earnings in the third quarter of 2018 as orders more than doubled from a year earlier amid increasing signs of a market recovery. Aker Solutions has seen its profit go up in the third quarter 2018 at NOK 155 million, versus net income of NOK 124 million same time last year. Orders in... Continue Reading →

Shell requested IBAMA to operate the offshore drilling activity in the Alto Cabo Frio Oeste block in the pre-salt of the Santos Basin. The area was acquired by the company in the 3rd Round of the Pre-salt in October last year. The Anglo-Dutch consortium (55%), China's CNOOC (20%) and QPI (25%) from Qatar won the... Continue Reading →

After making his fortune with contrarian bets in financial markets, Brazilian economist and investor Paulo Guedes is making his boldest wager yet. He says presidential front-runner Jair Bolsonaro - who spent decades as a congressman fighting to raise public-sector pay and railing against privatizations - will usher in a golden age of orthodox, market-friendly policy... Continue Reading →

Oct 24, 2018 New, deep-water production is underway today at Lula Extreme South in the Brazilian Santos Basin. Royal Dutch Shell plc, through its subsidiary Shell Brasil Petróleo Ltda. (Shell) and consortium partners, announces that the FPSO P-69 is now producing. Read more

10/24/18 One of the wells was dry and the other showed non-commercial signs of gas Ouro Preto has suspended its drilling campaign in the Parnaíba Basin and will evaluate the data obtained from the first two exploration wells drilled in the region by the QG-2 rig of Queiroz Galvão Óleo & Gás. The strategy was... Continue Reading →

With just days left before the final vote in Brazil’s toxic presidential election, it is clear that, barring a seismic change in fortunes, Jair Bolsonaro will become Brazil’s next head of state. The authoritarian former army captain, who last week said he wants to return Brazil to the way it was 40 or 50 years ago, has a... Continue Reading →