Rio de Janeiro, October 11, 2017 - Petróleo Brasileiro SA - Petrobras, in relation to the news published in the media, on the decision of the 3rd Federal Court of Sergipe that granted an injunction, in a popular action, determining the suspension of the assignment of 22 , 5% of Petrobras' stake in the Iara... Continue Reading →
Petrobras – PetroquímicaSuape and Citepe sale process – General Superintendence of the Administrative Council for Economic Defense (CADE) Opinion
Rio de Janeiro, October 11, 2017 - Petróleo Brasileiro S.A. – Petrobras, pursuant to the material facts disclosed on 12/28/2016 and 3/27/2017, concerning the sale process of PetroquímicaSuape and Citepe, Petrobras wholly-owned subsidiaries, to Alpek, informs that the General Superintendence of the Administrative Council for Economic Defense (CADE) published a dispatch yesterday declaring the Act... Continue Reading →
Brazil congressional report recommends shelving Temer charges
BRASILIA (Reuters) - A Brazilian congressional report recommended on Tuesday that President Michel Temer should not face trial for obstruction of justice and membership in a criminal organization, arguing that the charges against him were unfounded. Read more
Peru: Anadarko signs deals for three offshore blocks
President of Peru has presided over the signing of exploration and production deals with Anadarko Petroleum for exploration activities offshore Peru. In a statement on Monday, the Ministry of Energy and Mines said that the President of Peru, Pedro Pablo Kuczynski, presided over the signing of exploration and production contracts for three offshore blocks with Anadarko.... Continue Reading →
Offshore platforms can benefit from wind and vice versa
There has been a lot of talk about decommissioning during the Offshore Energy Exhibition and Conference in Amsterdam this week. The national decommissioning platform of the Netherlands was launched, there was also a separate decommissioning session, CEO of UK’s Decom North Sea attended. What we could hear over there is that offshore decommissioning is set... Continue Reading →
Wood Group completes Amec Foster Wheeler buy
Oilfield services company Wood Group has completed the acquisition of compatriot Amec Foster Wheeler. The closing of the acquisition follows clearances by the UK competition watchdog, the Mexican anti-trust commission in September, and a nod by the High Court of Justice in England and Wales last week. Read more
Brazil wants $12.7 billion fine on Andrade engineering firm: O Globo
SAO PAULO (Reuters) - The Brazilian government is seeking 40 billion reais ($12.7 billion) from construction and engineering conglomerate Andrade Gutierrez SA to settle claims related to its participation in a graft scheme, newspaper O Globo reported on Sunday. Citing calculations from members of the Office of the Attorney General and the Office of the... Continue Reading →
International offshore rig count 31 units short y-o-y
The international offshore rig count in September 2017 dropped by 31 unit year-over-year, according to a Friday report by Baker Hughes, a GE company. The international offshore rig count for September 2017 was 190, down 11 from the 201 counted in August 2017, and down 31 from the 221 counted in September 2016. The international rig count, which includes... Continue Reading →
Woodmac: Guyana could become regional oil powerhouse
Guyana, a non-oil producing country resting on the northern coast of South America, might soon become an oil and gas powerhouse in the region. This is according to the energy analytics company Wood Mackenzie, whose analysts commented on Guyana’s energy potential following Exxon’s report on Thursday of yet another offshore oil discovery in the country’s... Continue Reading →
Keppel lands conversion project for Liza FPSO
Keppel Offshore & Marine’s subsidiary Keppel Shipyard has secured a floating production storage and offloading vessel (FPSO) conversion contract from SBM Offshore meant for ExxonMobil’s Liza field offshore Guyana. The contract is for the conversion of a very large crude carrier (VLCC) into an FPSO, which upon completion, will be deployed to the ExxonMobil-operated Liza field,... Continue Reading →
Brazil Energy Insight 