Brazil's government on Wednesday approved taxing ethanol imports for the first time in a move to protect local producers from growing shipments coming from the United States. Brazil's Agriculture Ministry said the country's foreign trade chamber, known as Camex, approved a 20-percent tax on ethanol imports, which would be levied only after a tax-free quota... Continue Reading →
Brazil regulator discloses details for pre-salt oil auctions
Brazil's oil regulator ANP on Wednesday released details about the upcoming auctions of oil exploration rights in the promising pre-salt offshore area that are scheduled for Oct. 27. Through production sharing contracts, firms will be able to bid on eight blocks in the Santos and Campos basins, including three prospects for which state-controlled oil giant... Continue Reading →
DOF Subsea secures work for five vessels
Subsea services provider DOF Subsea has been awarded several contracts, securing utilization for five vessels in the subsea inspection, maintenance, and repair (IMR) projects segment. DOF Subsea said on Wednesday that the company was awarded several contracts and work under existing frame agreements in the Asia Pacific and Atlantic regions. The contracts will utilize the... Continue Reading →
Brazil’s Lula says party may field someone else in 2018
Former Brazilian president Luiz Inacio Lula da Silva told Reuters on Wednesday that his recent conviction for corruption might mean that his Workers Party will have to field a candidate other than him in next year's election. Read more
Petrobras wants to close FPSO contract for Libra 1 until the end of the year
Tuesday, 22 August 2017 17:34 Petrobras expects to close the charter contract for the Libra pilot project later this year, Libra's General Deployment Project Manager Osmond Coelho Junior said on Tuesday. According to him, despite the easing of the local content rules proposed by the National Petroleum, Gas and Biofuels Agency (ANP), the company maintains... Continue Reading →
Brazil Power Wizard Takes Center Stage in Eletrobras Shock – is Petrobras next?
It took less than 10 days to decide to privatize Latin America’s largest power company. Fortunately for the Brazilian government, with its fiscal accounts in dire straits, it already had someone enthusiastic for the job. When the Energy Ministry came to him with the proposal, Eletrobras Chief Executive Officer Wilson Ferreira Jr. jumped on board to... Continue Reading →
Petrobras: New taxation model for the oil and gas industry
Rio de Janeiro, August 23, 2017 – Petróleo Brasileiro SA – Petrobras informs that on August 18, 2017, the Provisional Measure No. 795 was published for the oil and gas industry, in addition to Decree No. 9.128, which extended the special customs regimen for the export and import of goods intended for research activities and... Continue Reading →
With the Topsides 4.0 tool Siemens launches FPSO scanning solution
Claudio Makarovsky, Siemens Yesterday, on O & G TechWeek, which will take place from August 21 to 25 at the Tomorrow's Museum in Rio de Janeiro, Siemens introduced Topsides 4.0, a set of solutions for scanning Floating Production, Storage and Transfer Units (FPSOs). According to Claudio Makarovsky, head of the Siemens Oil & Gas lineup,... Continue Reading →
Brazil Tackles Nightmarish Tax System to Boost Businesses
Brazil’s byzantine tax system is in for an overhaul, as Congress begins debating a bill to tackle what many investors consider one of the biggest obstacles to doing business in Latin America’s largest nation. On Tuesday a congressional committee began analyzing a constitutional amendment that aims to simplify how people and companies pay taxes, consolidating... Continue Reading →
Chevron CEO Watson Plans to Step Down, WSJ Reports
John Watson, who has led Chevron Corp. since 2010, is planning to step down as the oil major seeks a new chief executive officer, the Wall Street Journal said, citing people familiar with the matter. While the San Ramon, California-based producer has not made a final decision on a successor, Michael Wirth, a 56-year-old Chevron... Continue Reading →
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