Brazil ‘Car Wash’ corruption probe facing ‘worst moment’ as establishment fights back

Brazil’s biggest-ever corruption investigation, which jailed dozens including a former president, has been threatened over the past week by a Supreme Court ruling and push back from politicians seeking to curb investigative powers. For the first time, justices of the top court have annulled a corruption conviction by the judge who oversaw the probe, current... Continue Reading →

Tidewater CFO taking over CEO position

U.S. offshore vessel giant Tidewater has appointed new CEO  as the chief executive CEO John T. Rynd is retiring. Tidewater said Wednesday that Quintin V. Kneen would take over as President, Chief Executive Officer, and director of Tidewater, effective immediately. Kneen has served as Executive Vice President and Chief Financial Officer of Tidewater since Tidewater’s... Continue Reading →

Petrobras reports on production in August

September 3, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that in August its total oil and gas production, including natural gas liquids (NGL), was 3 million barrels of oil equivalent per day (boed), with daily production achieving 3.1 million boed, both reaching record high. In addition, the average pre-salt production (including partners share), in... Continue Reading →

SMD Rolls Out Electric Work-Class ROV

SMD has introduced its electric work-class remotely operated vehicle. According to the company, its Quantum/EV ROV introduces electric drive technology to the subsea sector in an optimised, modular package which brings Work Class ROV performance and capability to a new level. The Quantum/EV is SMD’s environmentally responsible solution designed around five key principles covering performance,... Continue Reading →

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