Brazil’s Rousseff says paying price for Petrobras probe as impeachment trial starts
On what could be her last day as Brazil’s president, Dilma Rousseff mounted a forceful defence of her time leading Latin America’s most populous nation.
Brazil
DOF Subsea reveals £310million worth of new contracts
The subsea division at Norwegian energy service firm DOF Group said today it secured contracts worth £310million in recent months.
DOF, Technip vessel starts 8 year contract with Brazil’s Petrobras
Technip and DOF said today their 50/50 joint venture in Brazil has chartered out a pipe-lay support vessel to Petrobras.
Statoil nets $2.5bn stake in Santos Basin
Norwegian operator Statoil has acquired a 66% stake in the BM-S-8 offshore licence in Brazil's Santos Basin from Petrobras in a $2.5billion deal.
In Brazil, another shipyard goes bust as work goes to Asia
If there’s one industry where all of Brazil’s political and economic upheavals come together, it’s shipbuilding.
Video: SBM Offshore marks first oil from Cidade de Saquarema FPSO
SBM Offshore has marked a milestone after achieving first oil from its floating, production, storage and offloading (FPSO) vessel offshore Brazil.
Petrobras to bring two FPSO online soon
Petrobras has said it is working hard to meet its production targets.
Leader of bid to impeach Brazil’s Rousseff resigns in tears
The man who led efforts to impeach suspended president Dilma Rousseff has resigned in tears as speaker of Brazil’s lower house of congress.
Oil dip forces Brazil to declare financial disaster before Olympic Games
The acting governor of Rio de Janeiro state has declared a state of financial disaster so he has more leeway to manage the state’s scarce resources less than two months before Brazil hosts the Olympic Games.
New Brazilian Government vows to fix economy
Brazil’s acting president has held his first official Cabinet meeting after vowing the new team will try to rescue the country’s plunging economy at a moment of profound political confrontation.
Brazil’s acting President vows to boost stalled economy
Acting president Michel Temer has pledged to jump-start Brazil’s economy after the country’s senate voted to suspend Dilma Rousseff.
Brazil president will face trial following corruption scandal
Brazil's Senate has voted to put President Dilma Rousseff on trial in a historic decision brought on by a deep recession and a corruption scandal.
If you like delivering bad news, Petrobras has the job for you
What used to be corporate Brazil’s top job as chief executive officer is now a tough gig to sell.
Rousseff faces key vote as her future remains on line
Senators in Brazil have started a debate on whether to oust President Dilma Rousseff, a movement that has built up steam and turned into a referendum on her leadership amid several crises facing Latin America’s largest nation.
BHP Billiton and Vale face $43billion lawsuit over collapsed dam in Brazil
Brazilian prosecutors have filed a $43billion civil lawsuit against BHP Billiton and Vale for social, environmental and economic compensation in relation to the failure of the Fundao tailings dam at the Samarco iron ore operation in Minas Gerais, Brazil.
Technip wins four-year Brazil deal
Technip has landed a contract extension with the Petrobras.
Rig leaser Sete Brasil to file for bankruptcy protection
Brazil's rig leaser Sete Brasil Participações SA has decided to file for bankruptcy protection.
Petrobras cancels Havila contract
Petrobras has terminated a contract for the supply vessel Havila Fortress.
No money from Brazil means no work by Keppel for client sete
Keppel Corp., the world’s largest builder of oil rigs, said it won’t resume work for a key Brazilian client until the customer restarts making payments on its orders.
Aker wins Petrobras subsea contract
Aker Solution has won a NOK1billion deal with Petrobras for work in Brazil.
Three parties abandon Brazil president as impeachment vote nears
Brazilian president Dilma Rousseff’s chances of surviving impeachment diminished as three parties abandoned her governing coalition in 24 hours.
President Dilma Rousseff fights to keep Brazil coalition together
President Dilma Rousseff looked to shore up the support of parties still in her governing coalition after Brazil’s biggest quit, complicating her fight to fend off impeachment proceedings.
President Dilma Rouseff in crisis as Brazil’s largest party quits coalition
Brazil’s largest party abandoned President Dilma Rousseff’s governing coalition, making it tougher for her to survive mounting pressure in Congress for her impeachment.
Petrobras posts record loss as crisis deepens
Brazil's state-controlled oil company Petrobras has posted its biggest-ever quarterly loss after booking a large writedown for oil fields and other assets as oil prices slumped and refinery projects faltered.
Production halted on Petrobras FPSO after fire
Production has been halted by Petrobras on its P-48 FPSO (floating production, storage and offloading) vessel after a fire earlier this week.