Brazil
-
Americas
Petrobras signs $5bn financing deal with Chinese bank
Brazil’s troubled state oil company Petrobras, which holds huge offshore oilfield interests, on Thursday agreed a multibillion-dollar financing deal with…
Read More » -
Americas
Leaked testimony claims Brazil President Temer took $3m in Petrobras corruption
Brazil’s President Michel Temer on Friday was implicated in the Petrobras scandal in leaked testimony from executives of the Brazilian…
Read More » -
Americas
CVs rain in at Aqualis Offshore’s Rio office
Aqualis Offshore suffered a deluge of emails from out of work Brazilian offshore workers in the past few days following…
Read More » -
Americas
Aker Solutions completes acquisition of majority stake in Brazil’s CSE
Norwegian oil services firm Aker Solutions has announced taking a majority stake in Brazilian company CSE Mecanica e Instrumentacao. The…
Read More » -
Americas
Merger of Technip and FMC gets the nod in Brazil
Brazil’s antitrust body CADE (Administrative Council for Economic Defence) has given its consent to the merger of French energy industry…
Read More » -
Americas
Petrobras to pay down debt with sale funds
Brazil’s troubled state oil firm Petrobras announced it was able to pay off $1.25b it owed to the National Bank…
Read More » -
Americas
Brazil port workers set for one-day strike
Brazil’s ports face nationwide industrial action on Wednesday with unionized workers planning a 24-hour stoppage, according to Reuters. The union’s…
Read More » -
Europe
Boskalis wins Brazilian contract at Acu
Dutch maritime services firm Royal Boskalis Westminster announced it has earned a contract to expand the oil transshipment terminal at…
Read More » -
Americas
Petrobras settles lawsuits in US with 11 more investors
Brazil’s troubled state oil company Petrobras on Wednesday settled 11 more lawsuits with its own investors who claimed the firm…
Read More » -
Americas
Court halts sale of two Petrobras fields to Australian company
A Brazilian court has placed an interim injunction on the sale of two offshore fields by state oil firm Petrobras…
Read More » -
Americas
Petrobras board approves sale of its LPG division for $819m
The board of Brazil’s state oil firm Petrobras has approved the sale of its liquefied petroleum gas (LPG) division for…
Read More » -
Americas
Shell to invest $10bn in Brazilian oil sector
Shell, encouraged by Brazil’s decision to open offshore projects to more private companies, announced a five-year plan to invest $10bn…
Read More » -
Americas
Former Finance Minister must stand trial in Petrobras affair, says judge
The judge leading the Petrobras corruption probe ruled on Thursday that Brazil’s former Finance Minister Antonio Palocci should stand trial,…
Read More » -
Americas
Petrobras seeks to claim up to $20bn refund on offshore blocks
Brazil’s financially struggling state oil firm Petrobras could be in line for a $20bn windfall, according to Reuters. The money…
Read More » -
Americas
Petrobras moves to limit damage from investors’ class-action case
Lawyers for troubled Brazilian oil company Petrobras on Wednesday asked the Second Circuit Court of Appeals in New York to…
Read More » -
Americas
Petrobras trying to cancel contract for drillship with Grupo Schahin
Petrobras is trying to cancel its contract for hiring a drillship with engineering conglomerate Grupo Schahin, according to Reuters. Brazil’s…
Read More » -
Americas
Petrobras targets 2020 for first FPSO at Libra field JV project
Petrobras has set a target year of 2020 for when it will install the first floating production, storage and offloading…
Read More » -
Americas
Transpetro cancelling 17 tanker orders
Brazillian energy major Petrobras transport subsidiary Transpetro is cancelling orders for 17 tankers. The move seriously dashes government plans to…
Read More » -
Americas
Petrobras announces agreement to team up with Total
Brazil’s troubled energy giant Petrobras announced on Monday it is forming a strategic alliance with France’s Total to work on…
Read More » -
Americas
Petrobras board approves settlement of four investor lawsuits in New York
The board of Brazil’s troubled state oil firm Petrobras on Friday approved multimillion-dollar settlements to lawsuits brought by investors in…
Read More »