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Business friendly: head of Brazil's Investment Partnership Programme,"rio oil" Wellington Moreira Franco Agencia Ponto/IBP By Kathrine Schmidt in Rio de Janeiro 26 October 2016 20:39 GMT A key official in the administration of Brazilian President Michel Temer took the stage at Rio Oil & Gas to pledge support for oil and gas investment in Brazil... Continue Reading →
Subsea work: in sight for Aker DNV GL Steve Marshall 27 October 2016 07:20 GMT Aker Solutions has inked a pair of global framework agreements with BP to supply subsea production systems at new field projects to be developed by the British supermajor worldwide. The first five-year deal covers potential engineering, procurement and construction contracts... Continue Reading →
Statoil ASA, the first of the major oil producers to report third-quarter earnings, posted an unexpected loss for a second quarter in a row as maintenance and exploration expenses compounded the impact of lower crude and gas prices. The company also deepened spending cuts. The adjusted loss, which excludes financial and other items, was $261 million, compared... Continue Reading →
GE Oil & Gas: opportunities 'for the taking' in Brazil By Fabio Palmigiani in Rio de Janeiro 25 October 2016 22:32 GMT GE Oil & Gas has unveiled its next generation of flexible risers using carbon fibre thermoplastic materials, as the company continues to invest in the development of new technologies and applications for ultra-deep... Continue Reading →
Stena Carron: is still on location at Liza 3 Noah Brenner 26 October 2016 13:54 GMT A key appraisal of ExxonMobil’s large Liza oil discovery offshore Guyana was successful, further boosting the resource estimate for what was already the largest oil discovery of 2015, as the partners eye a project sanction next year. The drillship... Continue Reading →
Agencia Ponto/IBP By Fabio Palmigiani in Rio de Janeiro 26/10/2016 Brazilian federal environmental regulator Ibama wants to speed the process of issuing licenses for oil and gas projects, partially ending bureaucratic procedures that locked investments in the sector for far too long. According to Ibama licensing director Rose Mirian Hofmann, the regulator identified approximately... Continue Reading →
Coming online: Roberto Moro, Petrobras' chief production development & technology officer Agencia Ponto/IBP By Fabio Palmigiani in Rio de Janeiro 25 October 2016 22:41 GMT Brazilian oil giant Petrobras expects to start output from the Lapa field within days, as the company waits for the final operating licence to kick-start production from its ninth floating... Continue Reading →
By Maria Carolina Marcello | BRASILIA Brazil President Michel Temer won another victory on Tuesday in his effort to restore fiscal discipline when the lower house of Congress approved a constitutional amendment to cap spending for 20 years. Heavy public spending, a recession and a massive corruption scandal rocking Brazil's political establishment undermined confidence in... Continue Reading →
Innovation: Petrobras' Cenpes R&D centre By Erik Means, Rio de Janeiro 24 October 2016 A new survey of companies involved in Brazil's oil and gas sector suggests that the industry – shaken by low oil prices and the Car Wash corruption scandal that have hit the country over the past two years – has gone... Continue Reading →
Baker Hughes is enjoying the single life. In the six months since its $34 billion merger with Halliburton was called off, Baker Hughes has been remaking itself. Walking away with a $3.5 billion break-up fee from its erstwhile suitor certainly helped. But the real improvements have been all of Baker Hughes' own making. Read more
Brazil Energy Insight 