Rio de Janeiro, January 24, 2017 – Petróleo Brasileiro S.A. - Petrobras informs the volume of its proved petroleum reserves (oil, condensate and natural gas) assessed at the end of 2016 per ANP/SPE (Brazilian National Agency of Petroleum, Natural Gas and Biofuels / Society of Petroleum Engineers) and SEC (US Securities and Exchange Commission) criteria.... Continue Reading →
Spectrum starts 2D survey offshore Brazil
Spectrum starts 2D survey offshore Brazil | Offshore Energy Today zoomSpectrum's 2013 Potiguar Phase 1 Spectrum has announced the start of a 6,000 km multi-client 2D survey in the Potiguar Basin, offshore Brazil. The company said on Tuesday that the new acquisition program is an extension of its 2013 Potiguar Phase 1 survey. The survey is acquired... Continue Reading →
Oil Traders Aren’t So Sure About Republicans’ Border Tax Plan
President Donald Trump has dealt global oil markets a major case of whiplash. After piling into bets that the benchmark prices for crude oil traded in New York and London would converge by December 2018, traders are now paring those wagers amid doubts that a Republican Congress will be able to push through plans for a levy on... Continue Reading →
Petrobras Announces Increase of Tender Cap and Extension of Early Tender Date and Expiration Date
01/24/2017 Petrobras Announces Increase of Tender Cap and Extension of Early Tender Date and Expiration Date Rio De Janeiro, Brazil – January 24, 2017 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) has increased the tender cap in its previously announced cash tender offers... Continue Reading →
Petrobras Divestment project of shallow water assets
Rio de Janeiro, January 23, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that a Regional Federal Court issued a decision on January 18, 2017 to grant suspensive effect to Petrobras' appeal in the divestment project regarding the transfer of rights in a set of shallow water fields, located in the states of Sergipe and... Continue Reading →
Odebrecht plans IPO for 2018 and plans exit of the family from control of the group
The construction company Odebrecht organizes the exit of the family that controls the company and plans to open its capital in 2018. The information was disclosed on Tuesday by the newspaper Valor Econômico. Odebrecht Engenharia's IPO (Public Offering) was viewed with a bad eye by Marcelo Odebrecht, former president of the group and arrested in... Continue Reading →
Robots Are Taking Over Oil Rigs
The robot on an oil drillship in the Gulf of Mexico made it easier for Mark Rodgers to do his job stringing together heavy, dirty pipes. It could also be a reason he’s not working there today. The Iron Roughneck, made by National Oilwell Varco Inc., automates the repetitive and dangerous task of connecting hundreds... Continue Reading →
International Coalition files Lawsuit in District Court of Rotterdam, The Netherlands, for Damages Caused by Alleged Corruption and Fraud Perpetrated by Petroleo Brasiliero, certain affiliates and its Executives.
International Coalition files Lawsuit in District Court of Rotterdam, The Netherlands, for Damages Caused by Alleged Corruption and Fraud Perpetrated by Petroleo Brasiliero, certain affiliates and its Executives. | Business Wire <!-- 560x292 463x224 --> /js/libs/html5shiv-printshiv.js January 24, 2017 12:01 AM Eastern Standard Time ROTTERDAM, Netherlands--(BUSINESS WIRE)--An International coalition announced today that a lawsuit was... Continue Reading →
Peru Cancels Pipeline Contract With Odebrecht
Consortium led by tainted Brazilian construction giant to lose $7-billion deal for natural-gas pipeline/WSJ People in Lima on Thursday hold a poster reading ‘Detain them’ in a protest against engineering group Odebrecht. PHOTO: GUADALUPE PARDO/REUTERS By RYAN DUBE Jan. 23, 2017 1:46 p.m. ET LIMA—Peru will terminate a contract with a consortium led by Odebrecht... Continue Reading →
Odebrecht consortium for pipeline in Peru warns about cancellation of contract
The consortium Gasoduto Sur Peruano, in which Odebrecht holds a 55 percent stake, issued a warning last Friday that faced with the imminent impossibility of securing financing on Monday it is possible that the billionaire concession contract will be canceled. The Spanish Enagás holds 25 percent of the consortium and Peruvian Graña y Montero... Continue Reading →
