Petrobras president Pedro Parente has told reporters that assuming Eliseu Padilha's place as the president’s Chief of Staff is not in his plans. The idea has been aired in Brasilia by people for whom the post should be occupied by someone with an executive profile, not a political one. Forget me. Parente replies that the... Continue Reading →
Queiroz Galvao buys Premier’s Foz do Amazonas interest
Queiroz Galvao buys Premier's Foz do Amazonas interest. Brazilian independent gains full ownership of Block FZA-M-90 in the northern equatorial margin
A Brazilian bribery machine / Odebrecht
A Brazilian bribery machine Record fine for illegal payments by Odebrecht raises hopes of end to the country’s culture of impunity The Big Read by: Joe Leahy/FT It revamped the Maracanã stadium, Brazil’s home of football in Rio de Janeiro, for the 2014 World Cup, developed one of the largest hydroelectric dams in Africa and built... Continue Reading →
Brazil oil and gas output reaches 3.307 million bpd in November: ANP
Wed Dec 28, 2016 Oil and natural gas production in Brazil reached 3.307 million barrels of oil equivalent per day in November, according to a report released by the government's petroleum industry regulator ANP on Friday. Oil production fell 0.6 percent from October to 2.609 barrels per day, with more than one-quarter of this coming... Continue Reading →
Crisis-Ridden Brazil Lures Iran and India on Oil Deal
Talks between Brazil, Iran and India could result in the construction of an oil refinery and petrochemical plant in one of the South American nation’s poorest states, according to politicians, a diplomat and other people close to the talks. Read more
WILSON SONS HAS FINANCING TO DO MAINTENANCE OF 12 TUGBOATS IN THE NEXT TWO YEARS
December 27, 2016 Good news for the naval industry late in the second half of 2016: the Merchant Marine Fund has prioritized Wilson Sons to invest $ 9.4 million in the review and maintenance of all vessels. In all, 12 tugboats will go through this process between 2017 and 2018. The decision of the FMM... Continue Reading →
Brazil’s Petrobras Plans to Claim Part of Odebrecht’s Anticorruption Settlement
Construction company still banned from bidding on Petrobras contracts despite record settlement deal By ROGERIO JELMAYER and SAMANTHA PEARSON Updated Dec. 23, 2016 5:00 p.m. ET SÃO PAULO—Brazilian oil company Petróleo Brasileiro SA, or Petrobras, plans to request part of the record anticorruption settlement that construction company Odebrecht SA signed earlier this week with Brazilian, U.S. and Swiss authorities. Petrobras... Continue Reading →
Columbia Tecnologia launches new technology for oil extraction
All the countries of the world, especially Brazil, have experienced in the last years an economic tendency of cost reduction, cut in expenses and incessant search for new technologies that optimize processes. Among the most active sectors in this area is that of oil and gas. which has a state-of-the-art innovation: Columbia Tecnologia, a company... Continue Reading →
Report: Total to spend $1B per year in Brazil
Report: Total to spend $1B per year in Brazil Total E&P do Brasil, a Brazilian arm of the French oil major Total, reportedly plans to invest around $1 billion per year in Brazil. According to a report by Reuters on Monday, Total’s Brazilian operations head, Maxime Rabilloud, told Brazilian financial newspaper Valor Econômico the company plans to... Continue Reading →
Odebrecht settlement spurs bribery inquiries across Latin America
Politicians and investigators across Latin America demanded more information from Brazil-based construction company Odebrecht on Thursday after it admitted to a decade of immense bribe payments in the region. In agreeing on Wednesday to pay at least $3.5 billion to Brazilian, U.S. and Swiss prosecutors, the largest penalty ever in a foreign bribery case, Odebrecht... Continue Reading →
Brazil Energy Insight 