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The previous two times BHP Billiton boss Andrew Mackenzie ran his ruler over the company’s $29 billion oil unit he decided it was still a good fit for the world’s biggest miner. A fresh review following the urging of billionaire activist Paul Singer came up with the same answer. Read more
/js/libs/html5shiv-printshiv.js SYDNEY--(BUSINESS WIRE)--Speedcast International Limited (ASX: SDA), the world’s most trusted provider of highly reliable, fully managed, remote communication and IT solutions, today announced it has won two new systems integration projects with a leading fabricator for the oil and gas industry. In both contracts, Speedcast has been named telecoms systems integrator, responsible for all... Continue Reading →
Dutch offshore shipbuilder Damen has agreed to buy the Keppel Verolme shipyard from Singapore’s largest rig builder, Keppel Offshore & Marine. Keppel said the proposed sale comes after a strategic review and as part of the company’s efforts to optimize its operations and rationalise its global network of yards. “Keppel O&M continues to see opportunities in... Continue Reading →
Oilfield services jobs picking up after massive cuts, analyst says | Offshore Energy Today http://www.offshoreenergytoday.com/wp-content/themes/navingo20/js/html5.js http://www.offshoreenergytoday.com/wp-content/themes/navingo20/js/respond.min.js Oilfield services industry has laid off some 300.000 people since the collapse of oil prices in 2014, however the tide is now turning, according to a Norwegian energy intelligence group. Rystad Energy has carried out a research according to... Continue Reading →
Engie Brasil is the largest private power generator in the country with 9.3 gigawatts of total capacity. It is only behind state-controlled power holding company Centrais Elétricas Brasileiras SA in generation capacity. ....opportunities in natural gas should arise as state-run oil firm Petróleo Brasileiro SA advances in its divestment program, which includes the sale of... Continue Reading →
State-owned oil company Pemex said on Wednesday that Mexican prosecutors have called for testimony from Pemex officials in an investigation of a bribery scandal around Brazil-based builder Odebrecht. Pemex said in a statement that Mexico's attorney general's office on April 3 had requested testimony from company officials, whom Pemex did not name, as well as... Continue Reading →
Odebrecht SA is rewarding some bondholders while others get burned. Notes issued by the holding company plunged Wednesday after newspaper Valor Economico reported executives had told creditors that it will inevitably file for bankruptcy. The bonds are the worst performers in Brazil this year, losing more than a third of their value, as speculation mounted... Continue Reading →
Brazil's annual inflation rate is likely to hit a 6-1/2 year low and approach the government target, helped by easing food costs and moderating increases in the price of imports as the Brazilian currency strengthens, a Reuters poll showed on Wednesday. Consumer prices were seen rising 4.57 percent in the 12 months through March, down... Continue Reading →
Seadrill Ltd., the offshore driller controlled by billionaire John Fredriksen, fell 38 percent after warning its shareholders and bond investors they can expect steep losses in a debt restructuring process that was extended once again. The stock slumped 5.28 kroner to close at 8.69 kroner in Oslo on Tuesday, the lowest since it was listed in... Continue Reading →
Brazil's top electoral court on Tuesday delayed proceedings in a landmark trial about illegal campaign funding that could lead to the removal of President Michel Temer less than a year after he took over from impeached leftist Dilma Rousseff. The Supreme Electoral Tribunal (TSE) decided to postpone a verdict until at least May to hear... Continue Reading →
Brazil Energy Insight 