By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazil’s political leaders are divided on President Dilma Rousseff’s new stance on how states share oil royalties. Last week her comments, which favored oil-producing states and warned against reneging on contracts that had already been signed, received a hostile reception from nearly 4,000 mayors gathered [...]
By Stephen Eisenhammer, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL - Having replaced two executives at the end of April, there are rumors of more to come, as Petrobras´ CEO, Maria das Gracas Foster, begins to oversee changes at the top of Brazil’s state-run energy giant after taking control in February. Refining chief, Paulo Roberto Costa, [...]
By Stephen Eisenhammer, Contributing Reporter RIO DE JANEIRO, BRAZIL - Sevan Drilling, the Norwegian drilling contractor, celebrated the arrival of a new platform Monday which will increase the company’s presence in Brazil’s offshore industry. At an event held aboard the yacht Pink Fleet, Sevan Drilling visited the new rig currently docked in Guanabara Bay, by the [...]
By Stephen Eisenhammer, Contributing Reporter RIO DE JANEIRO, BRAZIL – A Brazilian judge has moved the two R$20 billion civil cases against American oil company, Chevron, and rig operator Transocean, for offshore oil leaks in Brazil, to a different court in Rio de Janeiro, removing the case from the hands of Brazilian prosecutor, Eduardo Santos [...]
By Stephan Eisenhammer and Esmee Verbeek, Contributing Reporters RIO DE JANEIRO, BRAZIL – The ANP (National Agency of Petroleum) said that on April 8th a leak of “oil droplets” was released from the Roncador Field in the Campos Basin, off the northern coast of Rio de Janeiro. The leak is the seventh attributed to Petrobras [...]
By Stephen Eisenhammer, Contributing Reporter RIO DE JANEIRO, BRAZIL – The 18th Latin Oil Week conference and the 8th Latin Petroleum Strategy Briefing, organized by Global Pacific and Partners, will be held in Rio de Janeiro, from April 16th to April 18th. The conference, which is the longest running upstream event in Latin America, will [...]
By Stephen Eisenhammer, Contributing Reporter RIO DE JANEIRO, BRAZIL – Consumption of gasoline in Brazil continues to reach record heights as the country’s development powers forward, new data has shown. The first three months of 2012 registered new peaks for energy usage, as industrial and residential demands show a steady rise, so does gas importation. Gasoline [...]
By Stephen Eisenhammer, Contributing Reporter RIO DE JANEIRO, BRAZIL – Chevron has said they “will vigorously defend the company and its employees” against criminal charges filed by Brazilian prosecutors for an oil leak last November, dubbing the charges “outrageous and without merit.” The response came just hours after Brazilian prosecutors launched new charges against Chevron, [...]
By Stephen Eisenhammer, Contributing Reporter RIO DE JANEIRO, BRAZIL – Petrobrás, Brazil’s state-controlled oil company, is suspected of inadvertently funding a political campaign of the ruling Worker’s Party (PT) through a contract with local NGO, Pangea, current affairs magazine Epoca reported last week. Pangea is an environmental conservation and sustainable development NGO which receives a [...]
By Sarah de Sainte Croix, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The Norwegian oil company Statoil, in conjunction with operator Repsol Sinopec and partner Petrobrás, confirmed on Monday that they had made a “high-impact” discovery in the Pão de Açúcar prospect off the coast of Brazil. The discovery is located some 195 km [...]
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