Pacific Investment Management Co. is buying a new $540 million bond from Andrade Gutierrez SA, giving one of Brazil’s biggest construction companies enough money to meet a debt payment missed last week, said one person familiar to the matter. Read more
‘Privatization’ Is No Longer a Dirty Word in Brazil, Even in an Election Year
In one of the most iconic photo moments of his presidency, Luiz Inácio Lula da Silva waves a pair of hands slicked with crude oil from a petroleum platform operated by Brazil’s government-run oil company, Petrobras. The country’s state-heavy economy was roaring, buoyed by the global commodity boom, prompting Lula to later declare, “God is Brazilian.”... Continue Reading →
Siemens and WorleyParsons to collaborate on energy, infrastructure projects in South America, Caribbean
Siemens signed an agreement with WorleyParsons to explore greater collaboration on energy and power infrastructure projects, grid optimization, integration of renewable technologies, and energy efficiency and storage technologies in North East South America and the Caribbean (NESAC) region. Read more
Petrobras plans to have its own fleet of platforms again
Petrobras plans to go shopping. With the improvement in financial conditions and the reduction of indebtedness (currently R $ 361.5 billion), the state company wants to have its own platforms and no longer charter, as it has done in the last six years. The oil company began to map the situation of the Brazilian shipyards,... Continue Reading →
Total says there are no coral reefs in the area to be drilled in Foz do Amazonia Basin
The French oil company Total reported last Friday that no organic structure was identified in the FZA-M-57 block, in the Foz do Amazonas Basin. On April 19, MPF asked Ibama to deny the environmental license for Total blocks in the region after a coral structure was discovered in the region by Greenpeace. Total claims that... Continue Reading →
Petrobras and Engie to enter exclusive talks for Brazil pipeline: sources
Brazilian state-controlled oil company Petroleo Brasileiro SA has chosen to enter exclusive talks with France’s Engie SA for the sale of Petrobras’ gas pipeline network Transportadora Associada de Gás, five people with knowledge of the matter said on Thursday. Read more
IEA: Offshore energy to keep growing. Will need trillions in investments
Offshore energy-related activity is expected to grow and will require trillions of dollars of investments through 2040. This is according to the recently released International Energy Agency’s Offshore Energy Outlook, which forecasts what’s ahead for the offshore energy industry through 2040. Read more
Baker Hughes sees uptick in monthly international offshore rig count
The international offshore rig count was up by 6 rigs sequentially but down by 7 year-over-year, according to April 2018 rig count reports released by Baker Hughes, a GE company, on Monday. Read more
Clarification on News: Corporate Restructuring of Braskem S.A.
Rio de Janeiro, May 4, 2018 – Petróleo Brasileiro S.A. – Petrobras, in relation to the news published in the media regarding alleged hiring of banks to carry out an offering of Braskem shares, clarifies that such information is not true. Petrobras reaffirms the information, contained in the press release disclosed on January 19, 2018,... Continue Reading →
Sale of Pasadena Refinery: Start of the binding phase
Rio de Janeiro, May 4, 2018 – Petróleo Brasileiro S.A. - Petrobras, further to the press release disclosed on 03/08/2018, announces the beginning of the binding phase related to the sale of the shares held by its subsidiary Petrobras America Inc (PAI) in the companies that integrate the Pasadena refining system, in the United States.... Continue Reading →
