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 →
Brazil’s oil & gas industry seen steadying
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’s Selfie Looks Good By Liam Denning
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
Statoil builds up Brazil gas team
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 ‘key’ to new Brazil investments
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 →
Peregrino 2 ‘module win’ for Cameron
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 →
GranEnergia, Prumo form JV
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 →
Extent of Brazil Easing Cycle Is Limited, Central Bank Says
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 →
Mexico, Brazil Vie for Big Oil’s Cash in Offshore Auctions
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 →
RigNet and MODEC Sign Agreement to Deliver Fiber-equivalent O3b Satellite Connectivity to Offshore Brazilian FPSO Fleet
/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 →
