Brazil
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Americas
Vard ups stake in Brazil yard
Vard Holdings has increased its ownership stake in its indirect subsidiary in Brazil, Vard Promar, to 95.15%. Vard Promar, previously…
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Americas
Sale of LNG distribution arm could net Petrobras around $768m
Petrobras, the corruption-wracked Brazilian state oil firm, stands to make around $768m from the sale of its liquefied natural gas…
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Americas
Former Brazil president petitions UN over Petrobras corruption probe
Brazil’s former national president Luiz Inacio Lula da Silva (widely known as Lula) has petitioned the United Nations alleging his…
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Americas
Statoil acquires interest in Santos Basin license from Petrobras
Statoil and Petrobras have reached an agreement that will see Statoil acquire from Petrobras a 66% operating interest of the…
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Americas
Brazilian court reinstates ban on Odebrecht bidding for Petrobras contracts
Brazilian engineering and construction giant Odebrecht will not be able to resume tendering for contracts with Petrobras after a Rio…
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Americas
Petrobras ready to give up interest in fuel distribution arm
Brazil’s Petrobras plans to give up its majority voting interest in Latin America’s largest distributor of petroleum derivatives and ethanol,…
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Americas
PE firm looks to offload Brazil’s second-busiest container terminal
The US private equity firm that owns the operator of Brazil’s second busiest container port is contemplating its sale, according…
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Americas
SBM Offshore agrees to settlement with Petrobras and Brazilian authorities over bribes scandal
Petrobras and Brazilian prosecutors on Friday signed an agreement with Dutch firm SBM Offshore whereby SBM will pay fines and…
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Americas
Shipping disrupted at Santos port by warehouse fire at sugar terminal
Shipping operations at a sugar and grain terminal in Brazil’s Santos port were disrupted for a while on Thursday after…
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Americas
Petrobras FPSO in Lula field starts production
Petrobras had some good news, announcing the start of new production operations from an FPSO in the offshore Lula field…
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Americas
Bill approved that would reduce Petrobras’ subsalt obligations
Brazil on Thursday moved an important step nearer removing state oil firm Petrobras’ monopoly rights on projects in the resource-rich…
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Americas
Petrobras puts up for sale nine shallow-water concessions
Brazil’s troubled state oil firm Petrobras announced on Monday it is putting up for sale nine assets in shallow-water oilfields…
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Americas
OGPar restarts production at Tubarao Martelo offshore field
Brazilian oil and gas firm OGPar on Monday announced it has resumed production at its Tubarao Martelo oilfield offshore Rio…
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Americas
More arrests made in Petrobras bribery probe
Brazilian authorities made five more arrests on Monday as part of the continuing Operation Car Wash probe into massive corruption…
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Americas
Vale sells three VLOCs to group led by China’s ICBC
Brazil’s mining giant Vale has agreed to sell three of its Valemax bulkers to a group of buyers led by…
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Americas
Transpetro cancels seven newbuildings
Transpetro, the logistics subsidiary of Petrobras, has reportedly cancelled contracts for seven tankers being built at the Estaleiro Atlântico Sul…
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Americas
Petrobras investors want judge to find oil giant liable for employees’ corrupt actions
Investors in Petrobras asked a judge in a New York court on Tuesday to rule that the corruption-plagued state oil…
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Americas
Wood Group wins contract with Statoil and Sinochem in Brazil
Wood Group Mustang has won a contract to provide detailed engineering, design and procurement services to Statoil and Sinochem’s joint…
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Americas
Petrobras’ pension fund needs massive infusion to meet its liabilities
Petrobras, Brazil’s troubled state-run oil giant, has a big hole in its workers’ pension plan with $6.8bn in unfunded liabilities,…
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Americas
DOF Subsea wins Petrobras CSV charter
Norway’s DOF Subsea has been awarded a contract from Petrobras for the Brazilian built ROV construction support vessel . The…
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