February 29, 2016 Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) has been certified as a Top Employer Global 2016 for the second year in a row. The Global certification is a recognition launched last year for the first time by the Top Employers Institute. Out of the eight global organizations rewarded this year, Technip remains the only company... Continue Reading →

Brazilian police said they launched a probe into bribes and overbilling in two large railway contracts, serving search and seizure warrants on Friday in six states and the capital Brasilia. Prosecutors said the operation was based on testimony from plea and leniency deals with construction firm Camargo Correa SA in an ongoing corruption probe into... Continue Reading →

Brazilian political strategist Joao Santana earned his nickname 'the maker of presidents' by guiding leftist leaders to power in Latin America and Africa, but his arrest this week could unmake his most important client, President Dilma Rousseff. A member of Rousseff's inner circle who masterminded her two successful election campaigns, Santana is accused by prosecutors... Continue Reading →

The United States turned into a net natural gas exporter for a day after the first liquefied natural gas export from Cheniere Energy Inc's Sabine Pass terminal in Louisiana left for Brazil on Wednesday. The United States however is not expected to become a net exporter of gas on an annual basis until 2017 after... Continue Reading →

Exxon Mobil Corp. may lose its top-notch credit rating from Moody’s Investors Service as the oil-market collapse imperils cash flow needed to cover debt payments and investment in new discoveries. Seven of the other largest U.S. energy explorers also were put on notice or downgraded by Moody’s Thursday after the rating company concluded crude prices will... Continue Reading →

David Wethe February 25, 2016 Halliburton Co. said it’s cutting another 5,000 workers, or 8 percent of its global workforce, to cope with the worst crude market downturn in 30 years. The world’s second-largest oilfield services provider said last month it cut nearly 4,000 jobs in the final three months of 2015. With the latest... Continue Reading →

The central government’s primary budget surplus exceeded analyst estimates last month, as a jump in tax revenue pulled Brazil out of deficit territory for the first time since April 2015. The surplus, which excludes interest payments as well as municipalities and government-run companies, was 14.8 billion reais ($3.8 billion) in January, the Treasury said Thursday. The... Continue Reading →

Technip SA climbed the most on record in Paris trading after orders received by Europe’s largest oilfield-services provider exceeded analyst expectations. The order intake was 2.8 billion euros ($3.1 billion) in the fourth quarter, bringing its backlog to 17 billion euros at the end of the year, Paris-based Technip said Thursday in a statement. The... Continue Reading →