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Italian cabling and fiber-optics giant Prysmian has inaugurated its South America regional headquarters with the expansion of its Sorocaba factory in the region of Brazil’s São Paolo province. Prysmian is thus leaving its Santo André facility and integrating the Prysmian and General Cable organisations into the new Sorocaba headquarters, built for an investment of approximately... Continue Reading →
Voyager Maritime Alliance Group (VMAG) has completed USA’s largest-ever offshore supply vessel to super yacht conversion. VMAG’s so-called ‘Big Project’ entailed the conversion of a former offshore supply vessel to a super yacht. According to the company, it is the biggest project in its 30-year history. The former offshore supply vessel drastically changed shape since... Continue Reading →
U.S.-based marine transportation company Harvey Gulf has opened an office in Georgetown, Guyana. The company has this week established a subsidiary named Guyana Offshore Vessel Service Incorporated. The company is targeting 100 percent Guyanese recruitment. Continue reading
Overhauling the bloated public pension system has been a ubiquitous topic among Brazil investors for years now, the change nearly every money manager would cite when asked what the country needed most. Now that it’s finally here, traders seem to want a whole lot more. The revamp, which is expected to save the government almost... Continue Reading →
The Dominican Republic on Wednesday launched its first ever oil and gas licensing round, offering 14 offshore and onshore blocks up for bidding to interested oil companies. The blocks on offer are located in the Cibao, Enriquillo, Azua, and San Pedro basins of the Carribean island nation. Energy intelligence group Wood Mackenzie is assisting the... Continue Reading →
Brazil’s lower house of Congress approved a landmark overhaul of the country’s pension system on Wednesday by a far wider margin than predicted, delivering a resounding victory to the government in its quest to revive public finances. The lower house passed the main text of the bill by a vote of 379 in favor and... Continue Reading →
Bolivia’s state-owned oil company YPFB plans to bid on a stake in a natural gas pipeline linking the country to Brazil to secure better terms for its gas sales there, the company said on Tuesday. YPFB intends to bid on an unidentified portion of the 51% stake that Brazil’s state-owned energy company Petroleo Brasileiro SA... Continue Reading →
July 10, 2019 (Bloomberg) - US agribusiness giant Bunge Ltd. is in talks with British oil company BP Plc to create a joint sugar and ethanol company in Brazil, according to people familiar with the matter. The companies are in talks to merge operations in the South American nation, one of the largest producers of... Continue Reading →
PetroRio recorded a 36% increase in its total oil and gas production in the second quarter of this year. Extracted volume increased from 14,953 barrels / day of oil equivalent from January to March to 20,272 barrels / day from April to June, according to company operating data released on Monday (8). This total corresponds... Continue Reading →
Siemens will provide MODEC with three 34-megawatt (MW) SGT-A35 gas turbine power generation packages that will power MODEC’s floating production, storage, and offloading (FPSO) vessel. The vessel, referred to as the “Eni Mexico Area 1 FPSO,” will be deployed in the Offshore Area 1 approximately 6 mi (10 km) off the coast of Mexico at... Continue Reading →
Brazil Energy Insight 