Cie. Maritime Belge SA has built the first commercial ship that runs on hydrogen and produces zero pollution, taking the world a step closer to cargo without emissions. Read more

Credit ratings agency Standard and Poor’s has revised its outlook for oil major Total from negative to stable. S&P affirmed its ‘A+’ long-term and ‘A-1’ short-term corporate credit ratings on the company. “The outlook revision reflects our view of Total’s strengthening cash flow generation. The strengthening reflects robust downstream performance, moderating capital expenditures (capex), and... Continue Reading →

Lima’s former mayor Susana Villaran is the latest politician to become ensnared in the ballooning scandal over the alleged payment of bribes or donations by Brazilian construction companies to some of the country’s leading politicians. Read more

Royal Dutch Shell Plc will pay its entire dividend in cash for the first time in more than two years as Europe’s biggest oil company seeks to demonstrate it has left the worst of the crude slump behind. Read more

The board of directors of Dommo Energia, formerly OGX, elected Celso Cordeiro de Mello to hold the position of chief operating officer of the company. In addition, the board elected Tatiana Gomide de Faria Tendler to the position of Administrative Director, accumulating the functions of Financial Director and Investor Relations. The company reported that Paulo... Continue Reading →

FPSO operator BW Offshore returned to profit during the third quarter of the year.  Namely, according to the company’s financial report on Friday, net profit for the 2017 quarter was $3.9 million compared to a loss of $11.2 in the third quarter of 2016. BW Offshore’s operating revenues for the quarter dropped to $152.7 million... Continue Reading →

The German chemicals company would hold a majority in the combined entity, with a view to a possible initial public offering “in the medium term,” BASF said in a statement after Bloomberg News reported that the two sides were in talks. Discussions between BASF’s Wintershall AG unit and Fridman’s Dea Deutsche Erdoel AG are advanced and the combined... Continue Reading →

Colombian oil company Ecopetrol expects to invest $3.5 to $4 billion in 2018, up 35% to 55% over the projected investment at year-end 2017. After two years of a transformation plan focused on cost reduction and capital discipline, the 2018 plan approved by the board of directors is aimed at increasing reserves and hydrocarbon production, capturing... Continue Reading →

Already in default and struggling with sinking oil production, Venezuela’s state-run energy firm told its employees to cut costs and expenses by 50 percent in an austerity drive to reflect the broader economic crisis hitting the OPEC nation of 30 million people. Read more

Brazil President Michel Temer on Wednesday struck a tentative deal with Lower House Speaker Rodrigo Maia to put the administration’s controversial pension bill to vote in early December, prompting local assets to rally. Read more