Thursday, June 8, 2017 RIO DE JANEIRO, Brazil (Reuters) - Brazil will become more agile and dynamic in offering areas for oil and gas exploration and production, based on a new policy approved Thursday by the government, fostering mainly the activity of small and medium-sized companies, Décio Oddone, director general of the National Agency for... Continue Reading →

The majority of judges on Brazil's top electoral court argued on Thursday to exclude testimony by construction executives on illegal campaign funding, suggesting they could throw out a case that has threatened to force President Michel Temer from office. Exclusion of the plea bargain testimonies from Odebrecht SA executives by the Supreme Electoral Tribunal would... Continue Reading →

Rio de Janeiro, June 8, 2017 - Petróleo Brasileiro S.A. – Petrobras, further to the material fact disclosed on March 9, 2017, reports that yesterday, the Full Bench of the Federal Regional Court for the 5th Region, in ruling on an appeal filed by the plaintiff, upheld the suspension of the injunction order to interrupt... Continue Reading →

Brazilian President Michel Temer's proposal to modernize the labor market was approved by the Senate's economic affairs committee on Tuesday, clearing an important hurdle despite a political crisis that has jeopardized the government's reforms agenda. The committee passed the bill 14-11. The proposal still needs the approval of two other Senate committees before it reaches... Continue Reading →

Younger lawmakers keeping beleaguered Brazilian President Michel Temer's brittle coalition from disintegrating are engaged in bitter internal debates with their own party elders, calling for them to abandon the scandal-plagued leader. With Temer's future on the line because of an ongoing corruption investigation and an electoral fraud trial that begins later Tuesday, the Brazilian Social... Continue Reading →

Guyana is set to grant a production license to ExxonMobil for production of oil to move ahead in 2020. This follows reviews of the technical and environmental aspects of the giant Liza oil discovery in the Stabroek Block offshore Guyana. Exxon submitted the development plan for the Liza project in December 2016. The Liza project is estimated... Continue Reading →

Brazil's top electoral court opens a trial on Tuesday over the alleged use of illicit money to fund President Michel Temer's 2014 election campaign in a case that could force him from office. The court has no deadline to reach a decision and could take weeks to rule, though the political turmoil Brazil is living... Continue Reading →

After filing to conclude its judicial recovery process, OGX, jewel of the crown of the former Empire X of Eike Batista, faces important challenges to overcome in the coming months. With difficulties to honor its investment commitments and living with risks of having its only source of revenue generation interrupted as early as next year, the... Continue Reading →

June 01, 2017 ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (the “Partnership”) (NYSE:KNOP) announced today that it has completed its acquisition of the ownership interests in the company that owns and operates the shuttle tanker Vigdis Knutsen (KNOT Shuttle Tankers 25 AS “KNOT 25”) for an aggregate purchase price of $147.0 million less $137.7 million of outstanding indebtedness plus... Continue Reading →