Brazil plots steady clean-energy course amid political turmoil
Brazil is taking steps to promote new renewable-energy projects as the government seeks to reassure the industry that political turmoil won’t threaten current power policies.
Brazil
Heerema clinches Peregrino jacket contract
Holland’s Heerema Fabrication has clinched a deal to build a new jacket for the Peregrino II project offshore Brazil.
Statoil confident of Brazil deal despite court intervention
Norwegian energy giant Statoil expects to complete the purchase of a stake in a block offshore Brazil, despite a court suspending the deal, according to a news report.
One dead after explosion on SURF vessel
An offshore worker has been killed and five more injured after an explosion on board an ultra deep water service vessel.
Crisis-ridden Brazil lures Iran and India on oil deal
Talks between Brazil, Iran and India could result in the construction of an oil refinery and petrochemical plant in one of the South American nation’s poorest states, according to politicians, a diplomat and other people close to the talks.
Brazil ‘Carwash’ probe yields largest-ever bribe penalty
Odebrecht SA, Latin America’s biggest construction company, and an affiliate agreed to pay more than $3.5 billion to resolve bribery allegations involving Brazil’s state-run oil company, the largest corruption penalty ever levied by global authorities.
Petrobras agrees to sell 49% stake in joint venture
Petrobras has agreed to sell a 49% stake in a joint venture.
Aker Solutions buys 70% of Brazilian firm
Norwegian energy service firm Aker Solutions finalised the acquisition of 70% of Brazilian CSE Mecânica e Instrumentação today.
Anti-Austerity protesters clash with police in Rio
Police and protesters have clashed outside the Rio de Janeiro state legislature during a demonstration against government austerity measures being discussed by policymakers.
Brazil gives clearance for Technip, FMC merger
Technip and FMC Technologies said yesterday that they had received anti-trust clearance from the Brazilian authorities ahead of their proposed merger.
Shell, Cosan strengthen Raizen joint venture
Oil major Shell and Cosan have reached an agreement to strengthen their Raizen joint venture in Brazil through a change to its contractual structure.
Statoil ties up purchase of stake in Brazil’s Santos basin
Statoil has completed its $2.5billion deal to buy 66% of an offshore licence in Brazil’s Santos Basin from Petrobras, the Norwegian oil major said yesterday.
Shell to invest $10bn in Brazil
Shell said it plans to invest $10billion in Brazil over the next five years now the country has increased opportunities for foreign firms in its oil industry.
Statoil’s chief operating officer moves on to lead Brazilian operations
Statoil has appointed a new chief operating officer as Anders Opedal moved on to lead the development of the firm’s operations in Brazil.
Brazil’s wind power industry faces challenging outlook
Brazil's wind power industry said it faces a challenging outlook as projects are delayed due to lower electricity demand while new licensing rounds by the government are in doubt.
Petrobras looks to stop renting of Schahin drillship
Petrobras is reportedly looking to stop renting a drillship from engineering conglomerate Grupo Schahin.
Aker acquires 70% stake in Brazilian firm
Aker has acquired a majority stake in a Brazilian firm.
Aqualis Offshore lands Brazil trio
Aqualis Offshore has landed a string of work in Brazil.
Brazilian prosecutors bring new charges against ex-president Silva
Brazilian prosecutors have brought new charges against former president Luiz Inacio Lula da Silva, adding another accusation to a series of corruption charges.
Canadian asset manager to splurge $5.2Bln on Petrobras gas network
Brookfield Asset Management Inc., Canada’s largest alternative asset manager, and its partners agreed to buy a 90 percent stake in a Brazilian natural gas distribution network owned by Petroleo Brasileiro SA for $5.2 billion.
Brazil judge orders corruption trial for ex-president Silva
Former president Luiz Inacio Lula da Silva must stand trial on charges of money laundering and corruption, a Brazilian judge has ruled.
Argentine asset sales dents Petrobras output
Petrobras’s oil and gas output slipped 1.42% in August following the sale of assets in South American neighbour Argentina, a news report said.
Statoil says changes to Brazilian oil laws will be ‘mandatory’ to attract investment
Norwegian operator Statoil has said changes to Brazil's oil industry laws will be mandatory to attracting foreign investment.
12,000 workers take voluntary redundancy at Petrobras, report says
Nearly 12,000 employees have taken voluntary redundancy at Petrobras, the Brazilian state-run oil firm said yesterday, according to a news report.
Video: Moment vessel catches fire offshore Brazil
This footage shows the moment a platfrom supply vessel was engulfed in smoke after a fire aboard the ship.