The Modec contract for the FPSO Cidade de Campos dos Goytacazes involves a series of packages [15.03.2016] / By Lara de Faria/Brazil Energy Frames, from the Netherlands has signed a contract with Modec to provide life saving equipment and flow control for the Petrobras FPSO Cidade de Campos dos Goytacazes MV29. The equipment will be... Continue Reading →
Special Committee For The Pre-Salt Is Installed
The Chamber of Deputies has created a committee to discuss projects, such as providing for the end of Petrobras pre-salt sole operation. Members will elect a Chair tomorrow [15.03.2016] / By Camila Claro/Brazil Energy The Chamber of Deputies installed today, March 15, a Special Committee that will discuss projects relating to the pre-salt layer that... Continue Reading →
Brazil Will Have US$ 17 B In FPSO Contracts
Modec says that the country will have the most new orders and 35% of the global market over the next five years; firm highlights future increase in the FLNG segment in Brazil [15.03.2016] / By João Montenegro/Brazil Energy Brazil will account for 35% of the new orders for FPSOs worldwide over the next five years,... Continue Reading →
Beleive or not…Lula Joins Brazilian Cabinet as Rousseff’s Chief of Staff
Brazil’s former leader Luiz Inacio Lula da Silva will become President Dilma Rousseff’s chief of staff, two government leaders in the lower house of Congress, Jose Guimaraes and Afonso Florence said. The real fell against the U.S. dollar on Wednesday for the third straight session on investor concern that Lula could successfully use his renowned... Continue Reading →
Brazil Real Tumbles on Report of Possible Central Bank Shake-Up
Brazil’s real led losses in Latin America as traders dumped the currency following a news report that the central bank president may step down, adding to political turmoil that has rattled markets this week. The real slumped for a third day, losing 1.4 percent to 3.8202 per dollar at 10:25 a.m. in Sao Paulo. One-week... Continue Reading →
Amaral’s plea deal points finger at Brazil’s Rousseff, Lula
Brazil's Supreme Court said on Tuesday it had accepted a plea agreement offered by prosecutors to Senator Delcídio do Amaral, a legislative ally of President Dilma Rousseff until he was arrested last year in a far-reaching corruption scandal. A copy of Amaral's testimony for the plea, obtained by Reuters, confirmed leaks to Brazilian media in... Continue Reading →
Still can’t believe it – Lula Said to Decide Soon Whether to Take Brazil Cabinet Job
Brazil’s former leader Luiz Inacio Lula da Silva will decide soon whether to accept a job in the government to shield himself from a corruption probe and help fight the impeachment of President Dilma Rousseff, according to people aware of the discussions. Lula, who has been charged with money laundering, on Tuesday afternoon is set... Continue Reading →
Tanker Carrying First U.S. Shale Gas Export Entering Brazil Port
The tanker carrying the first cargo of natural gas from U.S. shale formations was entering Brazil on Tuesday after leaving Cheniere Energy Inc.’s Sabine Pass terminal in Louisiana on Feb. 24. The liquefied natural gas tanker Asia Vision was arriving at port in Rio de Janeiro, according to shipping data compiled by Bloomberg. Petroleo Brasileiro... Continue Reading →
Obama Bars Atlantic Offshore Oil Drilling in Policy Reversal
The Obama administration is reversing course on opening Atlantic waters to a new generation of oil and gas drilling, after a revolt by environmentalists and coastal communities that said the activity threatened marine life, fishing and tourism along the U.S. East Coast. The proposed offshore leasing program being released Tuesday eliminates the administration’s initial plan... Continue Reading →
BTG’s Petrobras Africa Purchase Cited by Senator in Plea Bargain
Grupo BTG Pactual allegedly underpaid for oil assets in Africa it bought from Petroleo Brasileiro SA in 2013, a Brazilian senator said in a plea-bargain deal published by the Supreme Court on Tuesday. The Sao Paulo-based bank paid $1.5 billion for a 50 percent stake in Petrobras’s Africa division. That was less than the $2.7 billion... Continue Reading →
