Dec 27, 2016 Siem Offshore took delivery of the second intervention tanker of its fleet. It is the Siem Helix 2, which will now join the Siem Helix 1 - both chartered by the US-based Helix Energy Solutions. The US company will provide offshore well intervention services in Brazil to Petrobrás. Siem Helix 2... Continue Reading →
Petrobras ends Golar’s FSRU contract
Brazilian oil company Petrobras has terminated early a charter contract with Golar LNG for the Golar Spirit FSRU. The company’s 1981-built floating, storage, and regasification unit (FSRU) Golar Spirit has been on hire in Brazil since 2008 and operating since 2009, under a 10-year contract with Petrobras. Golar LNG Partners said on Tuesday that,... Continue Reading →
Brazil’s Petrobras Plans to Claim Part of Odebrecht’s Anticorruption Settlement
Construction company still banned from bidding on Petrobras contracts despite record settlement deal By ROGERIO JELMAYER and SAMANTHA PEARSON Updated Dec. 23, 2016 5:00 p.m. ET SÃO PAULO—Brazilian oil company Petróleo Brasileiro SA, or Petrobras, plans to request part of the record anticorruption settlement that construction company Odebrecht SA signed earlier this week with Brazilian, U.S. and Swiss authorities. Petrobras... Continue Reading →
Columbia Tecnologia launches new technology for oil extraction
All the countries of the world, especially Brazil, have experienced in the last years an economic tendency of cost reduction, cut in expenses and incessant search for new technologies that optimize processes. Among the most active sectors in this area is that of oil and gas. which has a state-of-the-art innovation: Columbia Tecnologia, a company... Continue Reading →
Report: Total to spend $1B per year in Brazil
Report: Total to spend $1B per year in Brazil Total E&P do Brasil, a Brazilian arm of the French oil major Total, reportedly plans to invest around $1 billion per year in Brazil. According to a report by Reuters on Monday, Total’s Brazilian operations head, Maxime Rabilloud, told Brazilian financial newspaper Valor Econômico the company plans to... Continue Reading →
Disbursement of the China Development Bank loan facility
Rio de Janeiro, December 22, 2016 - Petróleo Brasileiro S.A. - Petrobras, in addition to the Material Fact disclosed on 12/16/2016, informs that today it received US$ 5 billion from the China Development Bank (CDB) regarding the facility agreement executed on 12/15/2016. The Company also informs that will not need new net borrowing within the... Continue Reading →
Odebrecht settlement spurs bribery inquiries across Latin America
Politicians and investigators across Latin America demanded more information from Brazil-based construction company Odebrecht on Thursday after it admitted to a decade of immense bribe payments in the region. In agreeing on Wednesday to pay at least $3.5 billion to Brazilian, U.S. and Swiss prosecutors, the largest penalty ever in a foreign bribery case, Odebrecht... Continue Reading →
Technip, FMC Technologies merger set to complete in January 2017
The merger between Technip and FMC Technologies is set to be completed in less than a month. The two oilfiled services companies said on Wednesday that the Chancery Division of the High Court of Justice of England and Wales approved the European cross-border merger between Technip and TechnipFMC and set the date of completion... Continue Reading →
Odebrecht to sell Peru pipeline to Brookfield: finance minister
Brazilian construction conglomerate Odebrecht SA ODBES.UL is in advanced talks on selling its majority stake in a $5 billion natural gas pipeline project in Peru to Canada's Brookfield Asset Management Inc (BAMa.TO), Peru's Finance Minister Alfredo Thorne said in a televised interview. The two companies and the government of Peruvian President Pedro Pablo Kuczynski struck... Continue Reading →
Petrobras and Total advance their strategic alliance with new agreements
Rio de Janeiro, December 21, 2016 - Petróleo Brasileiro S.A. - Petrobras informs that today it signed a Master Agreement with the French company Total, in connection with the Strategic Alliance established in the Memorandum of Understanding executed on 10/24/2016, as previously announced to the market. Entering into strategic partnerships is an important part of... Continue Reading →
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