BRASILIA (Reuters) - A Brazilian congressional report recommended on Tuesday that President Michel Temer should not face trial for obstruction of justice and membership in a criminal organization, arguing that the charges against him were unfounded. Read more
Peru: Anadarko signs deals for three offshore blocks
President of Peru has presided over the signing of exploration and production deals with Anadarko Petroleum for exploration activities offshore Peru. In a statement on Monday, the Ministry of Energy and Mines said that the President of Peru, Pedro Pablo Kuczynski, presided over the signing of exploration and production contracts for three offshore blocks with Anadarko.... Continue Reading →
Offshore platforms can benefit from wind and vice versa
There has been a lot of talk about decommissioning during the Offshore Energy Exhibition and Conference in Amsterdam this week. The national decommissioning platform of the Netherlands was launched, there was also a separate decommissioning session, CEO of UK’s Decom North Sea attended. What we could hear over there is that offshore decommissioning is set... Continue Reading →
Wood Group completes Amec Foster Wheeler buy
Oilfield services company Wood Group has completed the acquisition of compatriot Amec Foster Wheeler. The closing of the acquisition follows clearances by the UK competition watchdog, the Mexican anti-trust commission in September, and a nod by the High Court of Justice in England and Wales last week. Read more
Brazil wants $12.7 billion fine on Andrade engineering firm: O Globo
SAO PAULO (Reuters) - The Brazilian government is seeking 40 billion reais ($12.7 billion) from construction and engineering conglomerate Andrade Gutierrez SA to settle claims related to its participation in a graft scheme, newspaper O Globo reported on Sunday. Citing calculations from members of the Office of the Attorney General and the Office of the... Continue Reading →
Woodmac: Guyana could become regional oil powerhouse
Guyana, a non-oil producing country resting on the northern coast of South America, might soon become an oil and gas powerhouse in the region. This is according to the energy analytics company Wood Mackenzie, whose analysts commented on Guyana’s energy potential following Exxon’s report on Thursday of yet another offshore oil discovery in the country’s... Continue Reading →
Keppel lands conversion project for Liza FPSO
Keppel Offshore & Marine’s subsidiary Keppel Shipyard has secured a floating production storage and offloading vessel (FPSO) conversion contract from SBM Offshore meant for ExxonMobil’s Liza field offshore Guyana. The contract is for the conversion of a very large crude carrier (VLCC) into an FPSO, which upon completion, will be deployed to the ExxonMobil-operated Liza field,... Continue Reading →
Exxon keeps drilling, Guyana keeps giving
U.S. oil major ExxonMobil on Thursday announced it made a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana. Turbot adds to Exxon’s previous discoveries at Liza, Payara, Snoek and Liza Deep wells in the Stabroek Block. Following completion of the Turbot-1 well, the Stena Carron drillship will move to the Ranger prospect.... Continue Reading →
Ensco, Atwood shareholders approve all-stock merger
Shareholders of offshore drillers Ensco and Atwood Oceanics have approved the previously proposed merger of the two companies. Ensco on Thursday said 65 percent of its shareholders had voted in favor of the allotment and issuance of Ensco Class A ordinary shares to shareholders of Atwood Oceanics, Inc. in connection with the all-stock acquisition of Atwood... Continue Reading →
Brazil’s Meirelles has hired media team ahead of 2018 election: sources
Brazil’s Finance Minister Henrique Meirelles has hired social media experts to boost his image ahead of the 2018 election, three sources told Reuters on Wednesday, the strongest sign yet that the former banker is seriously eyeing a run for president. Read more
Brazil Energy Insight 