Brazil
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Americas
China Merchants set to buy share of major Brazilian port
China Merchants Group (CMG) is closing in on completing the purchase of a 50% holding in Brazil’s second-largest container port,…
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Americas
Judge puts dozens of politicians under investigation in Petrobras bribery probe
A Supreme Court judge in Brazil has placed dozens of politicians under investigation for bribery in connection with the Petrobras…
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Americas
Petrobras will get credit in revision of 2010 offshore rights deal
Brazil’s energy minister announced on Monday that the country’s oil industry regulator ANP will submit next month the calculations on…
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Americas
KBR to be paid $435m in settlement of dispute with Pemex
Houston-based engineering and construction services firm KBR announced on Monday it has settled for almost half a billion dollars a…
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Europe
Maersk to sell Mercosul Line
Maersk Line will divest itself of Mercosul Line, its Brazilian subsidiary, to appease the Brazilian competition authority CADE as it…
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Europe
Wood Group wins offshore engineering contract from Karoon
Offshore engineering contractor Wood Group has been awarded a multi-year contract by Brazilian energy company Karoon Petróleo & Gás to…
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Asia
US judge rules in Keppel’s favour over Petrobras bribery links
A court in the US has thrown out a case linking Singapore’s Keppel Corporation to the massive bribery case that…
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Americas
Petrobras ends oilfield deals with Australia’s Karoon Gas
Brazil’s state oil firm Petrobras has withdrawn its appeal of an injunction on the planned sale of offshore oil fields…
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Americas
Odebrecht O&G may seek out-of-court reorganization with creditors
Brazilian offshore oil driller Odebrecht Oleo & Gas (OOG), part of the Odebrecht construction, engineering and chemicals giant, could seek…
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Americas
Petrobras board extends CEO’s term by two years
Brazil’s state oil firm Petrobras is giving a two-year extension to its CEO Pedro Parente, the firm’s board decided on…
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Americas
Court rules Petrobras within Brazil’s tax law with 2009 deduction
Brazil’s state oil firm Petrobras received some good legal news on Friday with a Brazilian court ruling that the company…
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Americas
Petrobras hawks controversial rig pair for as little as $20m
Beleaguered Brazilian energy major Petrobras is hawking off a pair of drilling platforms for as little as $20m. Petrobras originally…
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Americas
Petrobras turns to Supreme Court to lift injunction on asset sales
Brazil’s state oil firm Petrobras has asked the country’s Supreme Court to lift an injunction preventing the firm from selling…
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Americas
Court favours Diamond Offshore over rig contract cancelled by Petrobras
A Brazilian court on Thursday ruled that state oil firm Petrobras did not have the right to cancel a contract…
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Americas
Audit court permits Petrobras’ asset sales on condition it starts over
Brazil’s federal audit court (TCU) on Wednesday gave state oil giant Petrobras clearance to start selling off its assets, according…
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Americas
Santos Brasil loses ESA container contract at Port of Santos
Brazilian logistics firm Santos Brasil has announced the loss of a contract for work at the major port of Santos,…
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Americas
Regulator wants Petrobras to re-do financial statements
Brazil’s state oil company Petrobras has been asked by the country’s stock market regulator CVM to re-do three years of…
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Americas
Petrobras and Total seal alliance deals with contract signings
Brazil’s state oil firm Petrobras and French supermajor Total on Tuesday signed contracts sealing their strategic alliance and firming up…
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Americas
Petrobras settles four more suits with disgruntled investors
Brazil’s state oil firm Petrobras says its board has approved financial settlements with four more of its investors suing the…
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Americas
Brazil relaxes local purchasing mandate for offshore oil companies
Brazilian authorities have lowered by almost half the mandated local purchasing requirements for oil companies working offshore. That means that…
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