Mon Dec 5, 2016 The logo of Chevron (CVX) is seen in Los Angeles, California, United States, April 12, 2016. REUTERS/Lucy Nicholson/File Photo GLOBAL BUSINESS WEEK AHEAD PACKAGE - SEARCH 'BUSINESS WEEK AHEAD 24 OCT' FOR ALL IMAGES - RTX2Q59C Mexico awarded a consortium of Chevron, Pemex and Inpex Corporation the third block tendered from... Continue Reading →
Murphy, Ophir-led consortium wins block in Mexico oil auction
Mon Dec 5, 2016 Mexico awarded a consortium of Murphy Sur, Ophir Mexico Holdings, PC Carigali Mexico and Sierra Offshore Exploration the fifth block tendered from the Gulf of Mexico's Salina Basin in a historic deep water oil and gas auction on Monday. Block 5 is a 993.5 square mile (2,573.2 square km) block which... Continue Reading →
China Offshore Oil wins two Mexico Perdido blocks in deep water auction
Mon Dec 5, 2016 A logo is seen on the wall at the entrance of China National Offshore Oil Corp (CNOOC) office tower in Beijing, March 20, 2013. REUTERS/Petar Kujundzic Mexico awarded China Offshore Oil Corporation the fourth block tendered from the Gulf of Mexico's Perdido Fold Belt off the U.S.-Mexico maritime border in a... Continue Reading →
Statoil, BP, Total win first block in Mexico Salina Basin auction
Dec 5, 2016 Mexico awarded a consortium of Statoil, BP and Total the first block tendered in the Gulf of Mexico's Salina Basin in a historic deep water oil and gas auction on Monday. Block 1 is a 919 square mile (2381.1 square kilometer) area which the energy ministry says contains some 1.852 billion barrels... Continue Reading →
Mexico picks BHP Billiton for first oil farmout with Pemex
Dec 5/Reuters Australia's BHP Billiton on Monday won the contest to partner with Mexican state oil company Pemex in a joint venture to develop a deep water field in the country's untapped Gulf waters. A local unit of BHP Billiton won the rights to tie-up with Pemex on its light oil Trion field, less than... Continue Reading →
Crippled Latin Oil Giants Get No Miracle Cure in Post-OPEC Rally
For the three titans of Latin American oil -- Pemex, PDVSA and Petrobras -- last week’s OPEC-driven price rally won’t be enough to halt a slow descent from the ranks of international crude heavyweights. Even as news of the cartel’s 1.2 million-barrel-a-day output cut spurred the steepest three-day oil gain in 15 months, the biggest... Continue Reading →
Demonstrators march in Brazil to support corruption crackdown
Demonstrators protested across Brazil on Sunday to denounce corruption and a congressional vote perceived as an effort to intimidate judges and prosecutors leading graft probes. Dressed mostly in the national colors of yellow and green, thousands marched to demand accountability at a time when Latin America's biggest country is reeling from corruption scandals, political gridlock... Continue Reading →
Marcelo Odebrecht Agrees to Plea Deal in Brazilian Corruption Probe
Agreement by former head of Odebrecht SA could lead to testimony implicating government officials Marcelo Odebrecht during a hearing into the Petrobras investigation in September 2015. PHOTO: AGENCE FRANCE-PRESSE/GETTY IMAGES By LUCIANA MAGALHAES and REED JOHNSON Updated Dec. 1, 2016 4:54 p.m. ET SÃO PAULO—Marcelo Odebrecht, the jailed former head of Brazilian construction giant Odebrecht... Continue Reading →
Brazil Senate boss Calheiros indicted for embezzlement
Brazil's Supreme Court indicted the president of the Senate, Renan Calheiros, on Thursday for embezzlement, a ruling that is expected to fan growing tensions between the judiciary and Congress over corruption cases. The top court voted 8-3 to try the senator on charges of misusing public funds in a nine-year-old case involving the payment of... Continue Reading →
FMC Technologies and Technip Announce Brazilian Antitrust Clearance and the Conclusion of the Antitrust Reviews on their Combination
December 01, 2016 05:00 PM Eastern Standard Time HOUSTON & PARIS--(BUSINESS WIRE)--Regulatory News: FMC Technologies, Inc. (NYSE:FTI) and Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) (Euronext: TEC) today announced that the pending combination between the companies has received a clearance decision issued by the General Superintendent of the Administrative Council for Economic Defense (CADE), the Brazilian antitrust authority. The decision... Continue Reading →
