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Gas commercialisation: Statoil Brazil president Paal Eitrheim By Mark Hillier in Rio de Janeiro 25 October 2016 16:30 GMT Norwegian operator Statoil is setting up a dedicated team in Brazil to work on gas commercialisation opportunities as it builds up a portfolio that is becoming increasingly gas-weighted. Statoil Brazil president Paal Eitrheim said it is... Continue Reading →
Regulatory fixes: Brazilian Petroleum Institute president Jorge Camargo Agencia Ponto/IBP By Fabio Palmigiani in Rio de Janeiro 10/25/2016 Regulatory developments to leverage the competitiveness of the Brazilian oil and gas industry were discussed in a plenary session on the second day of the Rio Oil & Gas conference. All four panelists agreed that regulatory changes... Continue Reading →
Expansion: existing Peregrino A platform STATOIL Steve Marshall 24 October 2016 12:37 GMT Cameron Sense has reportedly secured a contract to deliver a complete drilling equipment package for a wellhead platform to be used under the second development phase of Statoil’s Peregrino heavy oil field off Brazil. The Kristiansand, Norway-based supplier, part of Schlumberger unit... Continue Reading →
Written by OE Staff Tuesday, 25 October 2016 GranEnergia and Prumo Logística have formed the joint venture, Dome, to offer integrated service solutions for the oil and gas industry. Dome aims to contribute to increase efficiency, streamline costs and ensure the integrity of facilities, seeking sustainability for oil and gas operations and projects. Initially, the... Continue Reading →
Brazil’s inflation projections allow for gradual and moderate interest rate cuts but indicate a limit to the extent of the easing cycle, the country’s central bank said on Tuesday. Fiscal adjustments have made more progress than expected in Congress but continue to represent a risk, according to the minutes of the central bank published on... Continue Reading →
Two Latin American countries in need of massive investments to boost drained state coffers have become locked in an escalating competition to attract Big Oil’s interest in their deep-water oil reserves. Mexico and Brazil, the region’s two biggest economies, each want a slice from a shrinking pie as international drillers limit their investments during a... Continue Reading →
/js/libs/html5shiv-printshiv.js Leading global provider of floating production services to the oil and gas industry chooses O3b to help lower costs and improve operational efficiency, gaining significant competitive advantage October 24, 2016 ST. HELIER, Jersey--(BUSINESS WIRE)--O3b Networks, technology solutions company RigNet and floating production service provider MODEC, are pleased to announce an agreement to provide high-throughput,... Continue Reading →
Petrobras' decision to settle four lawsuits over corruption allegations signals its willingness to negotiate deals in other civil cases but does not remove the threat of massive government penalties from U.S. and Brazilian investigations, legal experts said. The four settlements with large Petrobras shareholders, approved by the oil company's board on Friday, represent only a... Continue Reading →
Brazil's federal police on Monday sought corruption charges against former finance minister and presidential chief of staff Antonio Palocci and accuse him of running a bribery scheme that funneled money to the former-ruling Workers Party's (PT). Police said in their investigation sent to federal prosecutors that Palocci conspired with construction firm Odebrecht SA [ODBES.UL] to... Continue Reading →
October 21, 2016 - Aker Solutions agreed to buy 70 percent of Brazilian C.S.E. Mecânica e Instrumentação Ltda, building on a strategy to expand its services business in key international markets. The agreement includes an option to purchase the remaining 30 percent of the company three years after the expected close of the transaction... Continue Reading →
Brazil Energy Insight 