A judge in Brazil has ordered a corruption investigation against Aldemir Bendine, the former head of state-run oil company Petrobras, according to a court document released Tuesday. Federal judge Sergio Moro also found Sergio Cabral, a former governor of Rio de Janeiro state, guilty on corruption and money laundering charges and sentenced him to over... Continue Reading →
Without new contracts, EAS shipyard may close in 2019
The Atlântico Sul Shipyard (EAS) runs the risk of having to close the doors after mid-2019, when it has finished delivering the ships to its sole client, Transpetro, the Petrobras logistics subsidiary. "This risk [of paralyzing activities from the end of 2019] is high," says Harro Burmann, president of EAS. Controlled by Queiroz Galvão and Camargo... Continue Reading →
COMPERJ’S NATURAL GAS PROCESSING UNIT (NGPU) TENDER RESULT WILL BE ANNOUNCED IN JULY.
June 13, 2017 The result of the bidding that will complete the NGPU works of the Rio de Janeiro Petrochemical Complex (Comperj) , will be announced in July. Of the 34 foreign companies invited to participate, only four submitted proposals with the required certifications: Toyo, Fluor, Cobra and Kervi. The basic price that Petrobras has... Continue Reading →
Main ally of Brazil’s Temer sticks with him despite scandal
The Brazilian Social Democratic Party, the main ally of President Michel Temer, said on Monday it would stay in his coalition for now, despite a move by younger members to break away from the scandal-plagued government. Speaking at an executive meeting of the PSDB, they said a decision to stick with Temer was based on... Continue Reading →
Brazil: Three workers die after deadly drillship boiler blast
zoom Three workers died and one was injured after a boiler exploded on the Odebrecht-run NS-32 (Norbe VIII) drilling rig offshore Brazil on Friday. According to Petrobras, Ericson Nascimento de Freitas, 29, who was hospitalized died on Friday. Jorge Luiz Damião, 44, died on Saturday. Eduardo Aragão de Lima, a 33-year-old employee of Odebrecht Oil... Continue Reading →
DSV Southern Star starts 6-year charter with Fugro
A new subsea operations vessel named Southern Star has started a bareboat charter with Fugro. Singapore-based new subsea services provider Tasik Subsea supervised the vessel’s build by Fujian Mawei Shipbuilding in Fuzhou, China, at their new Culu Island shipyard. The diving support vessel was launched at the end of May 2016. The six-year charter is an... Continue Reading →
Acquittal emboldens Brazil’s Temer in austerity drive -officials
The acquittal of Brazilian President Michel Temer last week on charges of illegal campaign funding in the 2014 election has emboldened the center-right leader to offer no more concessions to Congress that would weaken his austerity package, a senior member of the economic team and an aide told Reuters. Brazil's top electoral court dismissed a... Continue Reading →
Statoil aims to more than triple Brazil output
Norwegian oil and gas firm Statoil aims to more than triple its production in Brazil and will seek to become operator for the entire Carcara discovery, among the world's biggest in recent years, the firm's country manager said. Read more
Brazil’s Petrobras reports explosion on drill ship
Brazil's state-controlled oil company Petroleo Brasileiro SA on Friday reported an explosion on the NS 32 drill ship, which is operated by Odebrecht Óleo e Gás, a unit of Odebrecht SA, according to a statement. The explosion wounded four people, three of them with burns and one with mild injuries, according to the statement. There... Continue Reading →
GE names John Flannery as CEO, Immelt to step aside
General Electric Co on Monday named veteran insider John Flannery as its next chief executive, taking over from Jeff Immelt who is stepping aside after 16 years as the head of the conglomerate he helped steer through the financial crisis but is now worth a third less than when he took over. Under Immelt, GE... Continue Reading →
Brazil Energy Insight 