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Regulatory fixes: Brazilian Petroleum Institute president Jorge Camargo Agencia Ponto/IBP By Fabio Palmigiani in Rio de Janeiro 10/25/2016 Regulatory developments to leverage the competitiveness of the Brazilian oil and gas industry were discussed in a plenary session on the second day of the Rio Oil & Gas conference. All four panelists agreed that regulatory changes... Continue Reading →
Expansion: existing Peregrino A platform STATOIL Steve Marshall 24 October 2016 12:37 GMT Cameron Sense has reportedly secured a contract to deliver a complete drilling equipment package for a wellhead platform to be used under the second development phase of Statoil’s Peregrino heavy oil field off Brazil. The Kristiansand, Norway-based supplier, part of Schlumberger unit... Continue Reading →
Teamwork: Petrobras headquarters in Rio de Janeiro AFP/Scanpix By Gareth Chetwynd from Rio de Janeiro 25 October 2016 09:38 GMT Petrobras chief executive Pedro Parente has emphasised the importance of partnerships to help drive forward the Brazilian giant's E&P programme in a cash-constrained environment. In an exclusive interview with Upstream, the recently appointed Parente stressed... Continue Reading →
Cost cutting: Total CEO Patrick Pouyanne (left) and Petrobras CEO Pedro Parente Agencia Ponto By Fabio Palmigiani in Rio de Janeiro 24 October 2016 22:29 GMT Brazilian national oil company Petrobras has put in motion an ambitious plan designed to bring down capital expenditure at the giant Libra pre-salt field in the Santos basin in... Continue Reading →
Written by OE Staff Tuesday, 25 October 2016 GranEnergia and Prumo Logística have formed the joint venture, Dome, to offer integrated service solutions for the oil and gas industry. Dome aims to contribute to increase efficiency, streamline costs and ensure the integrity of facilities, seeking sustainability for oil and gas operations and projects. Initially, the... Continue Reading →
By Lise Alves on October 25, 2016 Brazil's President Temer says country is creating favorable environment for private, foreign investors to enter pre-salt sector. By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The largest conference in Latin America in the oil and gas sector, Rio Oil & Gas 2016, began on Monday,... Continue Reading →
Brazil’s inflation projections allow for gradual and moderate interest rate cuts but indicate a limit to the extent of the easing cycle, the country’s central bank said on Tuesday. Fiscal adjustments have made more progress than expected in Congress but continue to represent a risk, according to the minutes of the central bank published on... Continue Reading →
Two Latin American countries in need of massive investments to boost drained state coffers have become locked in an escalating competition to attract Big Oil’s interest in their deep-water oil reserves. Mexico and Brazil, the region’s two biggest economies, each want a slice from a shrinking pie as international drillers limit their investments during a... Continue Reading →
/js/libs/html5shiv-printshiv.js Leading global provider of floating production services to the oil and gas industry chooses O3b to help lower costs and improve operational efficiency, gaining significant competitive advantage October 24, 2016 ST. HELIER, Jersey--(BUSINESS WIRE)--O3b Networks, technology solutions company RigNet and floating production service provider MODEC, are pleased to announce an agreement to provide high-throughput,... Continue Reading →
Mon Oct 24, 2016 | Reuters The logo of Brazil's state-run Petrobras oil company is seen on a tank in Sao Caetano do Sul, Brazil, September 28, 2016. REUTERS/Paulo Whitaker The chief executive of Brazil's state-run oil company Petrobras, Pedro Parente, said on Monday that four settlements reached with investors late last week were not... Continue Reading →
Brazil Energy Insight 