Brazil’s federal audit court on Wednesday ordered a freeze of former President Dilma Rousseff’s assets as well as those of José Sérgio Gabrielli, ex-head of state-run oil company Petrobras, over a $580 million loss in the 2006 purchase of a Texas refinery. Read more
Brazil to ramp up oil production before ‘renewable era’ hits: official
- Brazil plans to boost oil exploration and production to seize on its reserves before the world enters the “renewable era” and other technologies hurt demand for the fossil fuel, Deputy Energy Minister Paulo Pedrosa told Reuters on Wednesday. Read more
After delivery of the MV29, Brasfels focuses on the integration of the P-69 and services for QGOG
After delivery of the Campos de Goytacazes MV29 Floating Production, Storage and Transfer Unit (FPSO) to Modec, Brasfels works on the integration and commissioning of the FPSO P-69, due to be delivered in 2018. The shipyard in Angra dos Reis (RJ), will work on the semi-submersible drilling platform Alpha Star, from Queiroz Galvão Oil and... Continue Reading →
COURT AUTHORIZES PETROBRAS SALE OF CARCARÁ TO STATOIL
Oct, 2017 Petrobras won an important victory for its divestment plans. The 4th Regional Federal Court of the 5th Region (TRF), in Recife, gave the green light for the state company to sell the 66% stake in the block BM-S-8 (Carcará) to the Norwegian Statoil. The court analyzed an appeal filed by the... Continue Reading →
Petrobras – Clarification on injunction suspending the assignment of participation of the Iara and Lapa fields to Total
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
