Six oil and gas majors ExxonMobil, Shell, Total, Eni, Statoil, Repsol, BP, and Wintershall have said they would commit further to reducing methane emissions from the natural gas assets they operate around the world. The energy companies also agreed to encourage others across the natural gas value chain – from production to the final consumer... Continue Reading →

Enseada Indústria Naval S.A. reports that the 6th Business Court of the Court of Justice of the State of Rio de Janeiro approved on November 14, the extrajudicial recovery plan filed by the company on January 27 of this year. As a result of this important event, the terms of the plan take effect and... Continue Reading →

  11/22/2017 The Brazilian Association of Petroleum Services Companies (ABESPetro), elected on Tuesday the 21st), by direct vote of its members, the new board of directors for the biennium 2018/2019. They were elected: Alejandro Duran (GE Oil & Gas), Claudio Makarovsky (Siemens), Gilberto Cardarelli (Brasco), José Mauro Ferreira (TechnipFMC), Rodrigo Ribeiro (Queiroz Galvão) and Telmo... Continue Reading →

  Published: Friday, November 17, 2017, 6:05 pm The director general of the ANP, Décio Oddone, attended this week meetings and events with investors in the United States to discuss the regulatory changes implemented in Brazil, present the results of the rounds conducted in 2017 and begin the announcement of the bidding rounds of blocks... Continue Reading →

Norwegian shipping company Siem Offshore is seeking help from banks to ensure its survival through the downturn. The shipowner is also looking to sell its cable lay business.  In preparation for an extended downturn in the offshore supply market, Siem Offshore Inc. has issued a request to its banks for installment relief and certain other... Continue Reading →

Can Norway dump $35 billion in oil and gas investments, and simultaneously convince that same industry to throw money into the country’s own fossil-fuel future? After the initial shock of learning that Norway’s $1 trillion wealth fund wants nothing to do with it, the petroleum industry says both are in fact possible. Read more

Based on the positive result of the last oil and natural gas bidding rounds, the Ministry of Mines and Energy (MME) launched ,in partnership with the National Organization of the Petroleum Industry (Onip) and the Federation of Industries of the State of Rio de Janeiro (Firjan), the Virtuoso Circuit program for the Oil and Gas... Continue Reading →

The Brazilian government has backed off a previous plan to fine construction and engineering conglomerate Andrade Gutierrez SA 40 billion reais ($12 billion) for its participation in a graft scheme, a national newspaper reported on Thursday. Read more

Boston-based General Electric Co. (NYSE: GE) and Houston-based Baker Hughes Inc. closed on their megamerger over the summer, combining the latter with GE Oil & Gas to form Baker Hughes, A GE Company (NYSE: BHGE). Since then, GE has announced several changes and this week unveiled a major turnaround plan. The plan includes a variety of measures — from changes to executives’ paychecks to $20... Continue Reading →

Oil shouldn’t be written off too early, despite the expected sharp rise in gas and renewables over the next 25 years. This is according to the International Energy Agency which forecasts that over the next 25 years, the growing energy needs will be met by renewables and gas first. In its World Energy Outlook 2017,... Continue Reading →