Brazil's former President Luiz Inacio Lula da Silva had "complete knowledge" of the massive political kickback scheme that centered on contracts at state-run oil firm Petrobras, a former top executive testified on Friday. Former Petrobras (PETR4.SA) engineering and services director Renato Duque, testifying in the first of five corruption trials Lula faces, told a federal... Continue Reading →
Noble Corp. posts 1Q loss. CEO sees improvement in offshore drilling industry
Offshore driller Noble Corp. has reiterated its belief in long term-oil market fundamentals despite posting a loss of $302 million in the first quarter of the year on revenues of $363 million. The company said the loss would have been $42 million had it not been for a negative impact of non-cas discrete tax item... Continue Reading →
Bassoe: The hunt for offshore rig deals continues
Less than ten years ago, new-entrant rig startups could contract multiple rigs at yards in Singapore and China and raise money with little difficulty. Today’s private equity and institutional investors, however, are looking for promoters who know how to operate offshore rigs, have been successful before, and are willing to put their own money into... Continue Reading →
Brazil politicians hit by corruption scandal unlikely to return, former president says
Politicians caught up in a sweeping three-year graft investigation are unlikely to return to their positions of power, former President Fernando Henrique Cardoso said in an interview. Cardoso included Brazil's former President Luiz Inacio Lula da Silva, the front-runner in early polls for next year's presidential elections despite facing five corruption trials, as among those... Continue Reading →
Slumping oilfield services sector bets on new offshore technology
HOUSTON (Reuters) – The oil industry’s top equipment and services suppliers this week are hawking vastly cheaper ways of designing and equipping subsea wells, aiming to slash the cost of offshore projects to compete with the faster-moving shale industry. At the Offshore Technology Conference, the industry’s annual gathering of floating rig and subsea well suppliers,... Continue Reading →
Offshore Technology Conference (OTC) | Francisco Costa | Manager | LIBRA Extended Well Test: Getting Ready for First Oil| Houston, EUA
See attached presentation. Francisco-Costa-OTC-Houston-EUA
Offshore Technology Conference (OTC) | Orlando Ribeiro | General Manager | LIBRA @35: Main challenges and solutions| Houston, EUA
See attached presentation. Orlando-Ribeiro-OTC-Houston-EUA
Offshore Technology Conference (OTC) | Osmond Coelho Jr. | General Manager | LIBRA PROJECT – Production Development Projects: NW Region| Houston, EUA
See attached presentation. Osmond-Coelho-Jr-OTC-Houston-EUA_0
Offshore Technology Conference (OTC) | Fernando Borges | Executive Manager | LIBRA PROJECT: Reducing Breakeven and Preparing for First Oil| Houston, EUA
See attached presentation. Fernando-Borges-OTC-Houston-EUA
Offshore Technology Conference (OTC) | Pedro Parente | CEO | Petrobras opportunities in a new oil & gas scenario | Houston, EUA
See attached presentation. Pedro-Parente-OTC-Houston-EUA_0
Brazil Energy Insight 