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FMC Technologies, a US-based provider of subsea systems for offshore oil and gas industry has delivered its last subsea tree, a piece of equipment used for the monitoring and control of production from offshore wells. Namely, the company, which has delivered more than 2000 units over the years, on Saturday shared a photo of... Continue Reading →
Brazil's priority this year will be job creation as its economy emerges from the worst recession on record, President Michel Temer said on Monday, dismissing speculation that key labor and pension reforms could be derailed by a corruption scandal. In an interview with Reuters, Temer said that Latin America's largest economy would exit a two-year... Continue Reading →
Construtora Camargo Correa SA, one of Brazil's biggest engineering firms, is in talks with federal prosecutors for a new plea bargain deal linked to the country's sweeping "Operation Car Wash" corruption scandal, weekly magazine Veja said on Saturday. According to Veja, which cited people with direct knowledge of the talks, lawyers for Camargo Correa are... Continue Reading →
Agreement is part of Panamanian government’s probe into alleged bribery payments by the company By ROGERIO JELMAYER Jan. 13, 2017 9:06 p.m. ET 0 COMMENTS SAO PAULO—Brazilian construction conglomerate Odebrecht SA agreed to pay at least $59 million as part of the Panamanian government’s probe into alleged bribery payments by the company, Panama’s attorney general... Continue Reading →
ExxonMobil in second oil discovery offshore Guyana | Offshore Energy Today Stena Carron drillship used for drilling of the Liza-2, Liza-3, Skipjack and Payara-1 wells; Image source: HessExxonMobil on Thursday reported positive results from its Payara-1 well offshore Guyana. Payara is ExxonMobil’s second oil discovery on the Stabroek Block and was drilled in a new reservoir.... Continue Reading →
Brazilian prosecutors on Thursday filed corruption charges against Decal do Brasil co-founder Mariano Marcondes Ferraz accusing him of bribing a former executive at state-run oil company Petrobras to win contracts for Ferraz's own firm. Federal prosecutors allege that Ferraz paid $868,450 to Petrobras' ex-director of refining and supply, Paulo Roberto Costa, to renew at inflated... Continue Reading →
The bond sale by Brazilian oil giant Petrobras this week may just be the start of an issuance boom from the South American country. Sugar producer Raizen Energia SA has hired banks to gauge interest for a possible overseas debt offering, while chemicals maker Braskem SA said it’s considering a sale of its own.... Continue Reading →
Petróleo Brasileiro SA expects to spend 30 percent more in exploration, production and refining projects this year, signaling that efforts to cut debt and preserve cash are helping Brazil's state-controlled oil company regain investment capacity. Chief Executive Officer Pedro Parente told reporters at an event in Rio de Janeiro that capital spending at Petrobras (PETR4.SA)... Continue Reading →
See attached presentation - General Overview Dec. 2016 general-overview-petrobras-2016-december-1
Chevron hires two anchor handlers in Brazil | Offshore Energy Today Oil company Chevron has hired two offshore support vessels from Brazil’s Bram Offshore. The two vessels, the Campos Contender and Elizabeth C, are both large 11.040 BHP anchor handling tug supply units. The vessel owner is a Brazilian subsidiary of Edison Chouest, a U.S. based... Continue Reading →
Brazil Energy Insight 