tag:blogger.com,1999:blog-21169205168620543932012-01-11T18:19:56.949-08:00Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.comBlogger2951100tag:blogger.com,1999:blog-2116920516862054393.post-51604626277741146062012-01-11T18:19:00.001-08:002012-01-11T18:19:56.961-08:00

Wednesday, Jan 11, 2012 OSX, an EBX Group company focused in providing equipment and services for the offshore oil and gas industry, by means of integrated operations in shipbuilding, leasing of exploration and production (E&P) units, and operation and maintenance (O&M) services, received a USD 227.9 million disbursement under a bridge loan entered into with the Brazilian Economic and Social

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-82370729266504118732012-01-11T18:15:00.001-08:002012-01-11T18:15:23.516-08:00

Wed Jan 11, 2012 2:00am EST Amsterdam, January 11, 2012 - ARCADIS (EURONEXT: ARCAD), the international consultancy, design, engineering and management services company, today announced that its Brazilian subsidiary ARCADIS Logos has signed a large contract to provide construction management services for a major mining project in the Brazilian state of Minas Gerais. The client is Mineração

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-53237953652479686662012-01-03T14:00:00.001-08:002012-01-03T14:00:30.943-08:00

Finland’s Wartsila Corporation will design two flexible pipe laying vessels being built in a joint venture between Technip and Odebrecht Oleo & Gas for use offshore Brazil. Andrew Hobbs 22 December 2011 09:06 GMT The consortium won a contract from Brazil’s Petrobras for two identical 550-tonne flexible pipelaying support vessels worth about $1 billion – with the company also awarding contracts

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-1286062321863784842012-01-03T13:57:00.001-08:002012-01-03T13:57:42.935-08:00

Italian player offers lowest bid of $550 million to Petrobras for gas export installation in Santos basin Italian subsea manufacturer Saipem is in pole position to secure another major contract off Brazil, after presenting the lowest bid in a tender covering a key pipeline installation campaign for Petrobras in the Santos basin. Fabio Palmigiani Rio de Janeiro 23 December 2011 02:39 GMT

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-69443821666103132612012-01-03T13:52:00.000-08:002012-01-03T13:52:03.047-08:00

Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary Fernvale Pte. Ltd., has secured a contract worth approximately US$809 million from Urca Drilling B.V., a subsidiary of Sete Brasil Participações S.A. (Sete Brasil), for the design and construction of a semisubmersible (semi) drilling rig based on Keppel's proprietary DSSTM 38E design. The DSSTM 38E is an enhancement of Keppel's

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-68314676880918105592012-01-03T13:48:00.001-08:002012-01-03T13:48:14.544-08:00

HRT Participações em Petróleo S.A. (the “Company” or “HRT”) (BM&FBOVESPA: HRTP3, TSX-V: HRP) announces that, the Brazilian National Agency of Petroleum, Natural Gas and Biofuels (Agência Nacional do Petróleo, Gás Natural e Biocombustíveis - ANP) (”ANP”) approved, on December 9, 2011, the transfer of the concession rights and obligations from Petra Energia S.A. (”Petra”) regarding the totality of

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-65319602181427936602012-01-03T13:46:00.001-08:002012-01-03T13:46:54.740-08:00

The firm plans spend around US$5bn on new productive capacities in the country, Fadigas told local paper Valor Econômico. Projects include a naphtha-based polypropylene (PP) plant at Camaçari; a second ethanol-based polyethylene (PE) plant, the company's first green PP unit; and continued work on the Comperj petrochemical complex in Rio de Janeiro. "Our strategy will not be different than in

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-32252005270844029562012-01-03T13:45:00.001-08:002012-01-03T13:45:38.393-08:00

Seadrill Limited, or Seadrill, is contemplating expanding its product range with an ambition to offer a wider range of oilfield services in Brazil. It is the intention that such expansion could include a joint investment with SapuraCrest Petroleum Bhd, or SapuraCrest, which recently, through a wholly owned subsidiary, entered into agreements with Petrobras for five-year charters of three pipe

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-43267191322498248402012-01-03T13:42:00.000-08:002012-01-03T13:42:14.806-08:00

Cordiant Capital Inc. (“Cordiant”), the leading emerging markets private debt fund manager, is investing USD15 million in a USD864 million project for the construction of a deepwater drillship for a leading Brazilian conglomerate. The drillship will help Brazil further expand its fast growing oil & gas sector.With oil production growing at an average rate of 6.9% per annum since 2005, Brazil is

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-4159116922018027362011-12-05T12:45:00.001-08:002011-12-05T12:45:32.461-08:00

SÃO PAULO (Dec. 5, 10 a.m. ET) -- Braskem SA and Petróleos Del Perú (PetroPerú) are studying whether to build a petrochemical project in Peru. São Paulo-based Braskem and PetroPeru, the Peruvian national oil company. signed a memorandum of inderstanding on Nov. 24 to analyze the technical and economic feasibility of a plant capable of making 1.2 million tons of ethylene and polyethylene per year

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-83597756155736623942011-12-05T12:40:00.000-08:002011-12-05T12:40:00.369-08:00

Petrobras has signed a production and assembly contract for pipelines for its new Comperj refinery in Rio de Janeiro. The contract with Brazilian engineering company MPE is for the pipeline required for the refinery. In total, the contract includes 12,000 MT of pipeline with 4.5 km (2.8 miles) of extension and 21,700 meters of concrete for foundations. The Brazilian state controlled oil

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-46027142854963906422011-12-05T12:34:00.001-08:002011-12-05T12:34:52.397-08:00

RIO DE JANEIRO, Dec 3 (Reuters) - Techint, the Italo-Argentine steel and engineering group, plans to build a steel-rolling mill in Brazil with partner Usiminas, boosting capacity in Latin America's largest economy, the Globo newspaper reported on Saturday. The rolling mill will be able to process steel from a planned Techint steel project at the Port of Acu near Rio de Janeiro and add to

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-9329486987365200222011-11-22T03:15:00.001-08:002011-11-22T03:15:51.682-08:00

Brazilian giant Petrobras has awarded offshore engineering company Subsea 7 a five-year contract to supply a dedicated deep-water flexible pipelay vessel for operations off Brazil. Josh Lewis 14 November 2011 09:12 GMT Subsea 7 said it would build a new flexible pipelay vessel to carry out the contract which is scheduled to start during the second half of 2014 and worth an estimated $500 million

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-75789081663274997732011-11-22T03:14:00.001-08:002011-11-22T03:14:27.901-08:00

RIO DE JANEIRO -(MarketWatch)- The union representing oil workers at Brazil's state-run energy company Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, said that it will meet the company's CEO for last-ditch negotiations later Monday before deciding on a date for a strike that aims to undercut crude oil output. The Brazilian Oil Workers Federation, or FUP, said it will meet with CEO Jose

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-71440646881079544472011-11-22T02:49:00.001-08:002011-11-22T02:49:27.294-08:00

China’s Sinopec Group, aiming to increase its presence in Brazil, agreed to acquire a 30% stake in the Brazilian unit of Galp Energia SGPS SA for $5.18 billion. Closing remains subject to approval by the Chinese government. Terms of the agreement call for Sinopec to acquire Galp board seats. Galp subsidiaries Petrogal Brasil and Galp Brazil Services will issue new shares equivalent to 30% of the

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-63845061179999598602011-11-22T02:47:00.001-08:002011-11-22T02:47:15.041-08:00

MADRID — Repsol, Spain's biggest oil group, said Monday it has made a new oil discovery off the coast of Brazil together with Chinese partner Sinopec, Britain's BG Group and Brazil's Petrobras. The field containing "high quality" crude was discovered nearly 300 kilometres (185 miles) off the coast of Sao Paulo at a depth of 4,830 metres, it said in a statement. Repsol and its partner Sinopec have

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-34145488637064616322011-11-22T02:41:00.000-08:002011-11-22T02:41:19.897-08:00

Sao Paulo, Brazil (CNN) -- Chevron was fined $28 million for an oil spill off the country's coast and could face further penalties, state media reported on Monday. The leak off Rio de Janeiro state has stopped, said Curt Trennepohl, president of the Brazilian Institute of Environment and Renewable Natural Resources, according to state-run Agencia Brasil. Residual oil in the rocks, however, may

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-59214716794825696382011-11-22T02:37:00.000-08:002011-11-22T02:37:17.558-08:00

Date: 11/18/2011 The joint venture formed by Technip (50%) and Odebrecht Oil & Gas (OOG, 50%) has received a letter of award from Petrobras for the charter and operation, during a fixed period of five years, of two identical flexible pipeline installation vessels for a value of approximately USD 1 billion. Characterized by their high pipelay tension capacity of 550 tonnes, the twin vessels will

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-53932515691173403622011-11-08T15:05:00.000-08:002011-11-08T15:05:58.024-08:00

Workers at Brazilian state oil company Petrobras will go on strike on 16 November to demand safer working conditions and better pay, union leaders said on Monday, in a conflict that may push global oil prices higher. A series of accidents on Petrobras offshore oil platforms and fallout from the massive BP oil spill in the Gulf of Mexico have led Brazil's oil workers to step up demands for

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-57842935139955950402011-11-08T14:54:00.000-08:002011-11-08T14:54:08.086-08:00

SINGAPORE, Nov 1 (Reuters) - Petrobras expects to triple crude exports to between 1.5 million and 1.6 million barrels per day (bpd) by 2020, with CEO Jose Sergio Gabrielli on Tuesday naming the United States and China as the firm's key markets. The Brazilian state oil firm expects to boost crude output to 3.9 million bpd by 2015 and 4.9 million bpd by 2020 from 2.1 million bpd this year,

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-14546422196443638752011-11-08T14:43:00.000-08:002011-11-08T14:43:55.209-08:00

04 November 2011 10:33 [Source: ICB] Braskem intends to expand its operations - while staying true to its Brazilian roots Brazil's leading petrochemical company is making an impact on the global stage through acquisitions, innovation and investment Brazilian polymers major Braskem is delivering on its promise to expand into new territories. The company is implementing projects in Mexico

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.comtag:blogger.com,1999:blog-2116920516862054393.post-26740771347870011762011-10-11T11:32:00.001-07:002011-10-11T11:32:59.884-07:00

Technip, within the framework of a cooperation partnership with Haldor Topsoe, was awarded a contract for providing basic and front end engineering services on a Petrobras grassroots fertilizer complex to be located at Uberaba -- State of Minas Gerais, Brazil. The fertilizer complex will comprise a 1,500 metric tons per day ammonia unit based on Haldor Topsoe technology, and the complete

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-21651624203378537942011-10-11T11:27:00.001-07:002011-10-11T11:27:55.545-07:00

HOUSTON Halliburton Co. said Wednesday that as a result of an arbitration panel ruling, it must pay Barracuda & Caratinga Leasing Co. $200 million related to a claim Barracuda filed against a former Halliburton subsidiary. Before KBR Inc. was spun off from the Houston oil services company in 2007, it had a contract with Barracuda & Caratinga for the development of the Barracuda and Caratinga

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-52072701690176575582011-10-11T11:23:00.001-07:002011-10-11T11:23:31.203-07:00

JPMorgan Chase & Co (JPM)’s Gavea Investimentos Ltda., a private-equity and hedge fund set up by former Brazilian central banker Arminio Fraga, agreed to buy a 5 percent stake in Odebrecht SA’s oil and gas unit to become the third-largest shareholder. The investment in Odebrecht Oil & Gas will be Gavea’s largest holding, Fraga said at a press conference in Rio de Janeiro today, without providing

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-11792947796440819172011-10-11T11:21:00.000-07:002011-10-11T11:21:04.302-07:00

Petroleo Brasileiro SA (PETR4), Brazil’s state-controlled oil producer, delayed plans to use floating natural-gas plants supplied by Saipem SpA (SPM), Technip SA (TEC) and SBN Offshore NV until after 2015, said its chief executive officer. Petrobras has chosen to use pipelines to transport gas from fields in deep waters of the Atlantic Ocean to maximize the fuel’s value, CEO Jose Sergio

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-64545928912635572102011-10-11T11:18:00.001-07:002011-10-11T11:18:27.218-07:00

Source: Saipem Date: 10/10/2011 16:47 Saipem has agreed the acquisition of 100% of TPG (Terminal Portuário do Guarujá), a company which fully owns, as a perpetual concession, an area of 35 hectares in Guarujá, within the industrial hub of Santos, the largest port of South America, in the state of São Paulo. The area is strategically located, approximately 350 kilometers from Santos Basin, the

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-71581590402405490242011-10-03T18:46:00.001-07:002011-10-03T18:46:48.038-07:00

Source: Dresser-Rand Date: 10/03/2011 17:40 Dresser-Rand has been awarded compression equipment and services valued at more than $700 million by Lula and Guará. The equipment, which includes up to 80 DATUM compressor trains, will be installed on eight (8) "replicant" floating, production, storage and offloading (FPSO) vessels. Six of these vessels will be located in the Lula field (formerly

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-46333523041441986042011-09-21T03:41:00.001-07:002011-09-21T03:41:46.710-07:00

Brazil’s Petrobras expects oil exports to rise by 46% by 2014 and to more than triple by the end of the decade as it brings its huge subsalt fields onstream. Crude shipments will reach 734,000 barrels per day within three years and 1.735 million bpd by 2020, according to Petrobras marketing official Leoncio Ackstein who was speaking at a conference in Singapore. Exports will rise from a

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-47221914666269511462011-09-13T05:06:00.001-07:002011-09-13T05:06:37.722-07:00

Date: 09/12/2011 16:01 Technip announced Monday an agreement to acquire the entire share capital of Global Industries and reinforce its leadership in the fast-growing subsea segment of oil services. The two companies have entered into a definitive merger agreement whereby Technip will pay US$8.00 per Global Industries share. The transaction values Global Industries at US$1,073 million (EUR768

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-31730912800698920382011-08-01T17:03:00.000-07:002011-08-01T17:03:07.231-07:00

Petrobras Gás S.A. (Gaspetro) completed the acquisition of Gas Brasiliano Distribuidora (GBD), a natural gas distribution utility operating in the northwestern region of the state of São Paulo. The operation was concluded this Friday, July 29. Previously, the utility was controlled by Italy's ENI International B.V. The transaction was worth approximately $271 million after adjustments for

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-78652756858239572182011-06-29T20:44:00.000-07:002011-06-29T20:44:03.956-07:00

There’s no doubt that Brazil’s plastics market continues to grow — but market veterans say there’s work to be done before pouring a good, strong caipirinha to celebrate. “There’s no problem with finding growth,” plastics executive Jose Ricardo Roriz said at Brasilplast 2011, held 9-13 May in São Paulo. “That’s expected to continue during the next year. The problem is competitiveness, because our

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-27040866448253478182011-06-29T20:34:00.001-07:002011-06-29T20:34:38.566-07:00

RIO DE JANEIRO, June 28 (UPI) -- Brazil seems poised to add significant new quantities of natural gas to its expanding reserves of crude oil and gas on land and at great depths of its Atlantic Ocean coast and seabed. News of the latest discovery of natural gas coincided with industry reports the government of President Dilma Rousseff would likely call an auction later this year to draw new

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-10678099171886210572011-06-29T20:33:00.001-07:002011-06-29T20:33:24.220-07:00

OSX Brasil SA (OSXB3), the oil services company controlled by Brazilian billionaire Eike Batista, is targeting billions of dollars in contracts from state-controlled Petroleo Brasileiro SA (PETR4) after winning a construction license. The Rio de Janeiro-based company plans to submit bids to build some of the 21 rigs to be contracted this year by Sete Brasil, a joint venture between Petrobras

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-37578443911700004602011-06-29T20:29:00.000-07:002011-06-29T20:29:17.808-07:00

Pipelines International — June 2011 Brazil’s state-owned petroleum company Petrobras has awarded Saipem a contract to install two export pipelines in the country’s Pre-Salt region, located in the Atlantic Ocean. Petrobras has awarded Saipem a contract for the installation of the Guara and Lula-Northeast gas export pipelines in the Santos Basin, approximately 260 km off the coasts of Rio de

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-16489426132167297302011-06-29T20:23:00.000-07:002011-06-29T20:23:18.547-07:00

Aker has won two contracts, together worth £13m, from CQG Oil and Gas Contractors and CCI Oil and Gas Contractors, for the supply of Pusnes offloading systems to two FPSOs in Brazil.The offloading systems will be installed on the two FPSOs P-58 and P-62, which are being converted and built for Petrobras Oxford Catalysts Group’s microchannel reactor technology is now set to be deployed in a 50

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-64990598578262195142011-06-29T20:16:00.000-07:002011-06-29T20:16:36.214-07:00

Keppel Singmarine Brasil (KSM Brasil), Keppel Offshore & Marine Ltd (Keppel O&M)'s new 7.6-ha shipbuilding facility in the state of Santa Catarina, has secured two newbuild contracts worth about S$140 million from fleet operators in Brazil. The first contract entails building a series of six 45-tonne bollard pull twin-screw Azimuth Stern Drive (ASD) harbour tugboats, for REBRAS - Rebocadores do

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-30443824371605712542011-06-14T19:20:00.001-07:002011-06-14T19:20:57.739-07:00

Former President Lula da Silva is often attributed with developing the increased economic relationship between Brazil and Africa – forming what is now known as the ‘south-south’ cooperation after visiting 27 of the 53 countries in 2003. It was this extensive trip that initiated the creation and expansion of a number of Brazilian consulates as well as other ties that were viewed as important.

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-39795374067031300492011-06-14T19:15:00.000-07:002011-06-14T19:15:05.953-07:00

It starts tomorrow (14) in Macaé, Brazil Offshore, the third largest world fair of the offshore industry. The event will run until Friday (17), which are expected to more than 50,000 visitors to the fair, which attracts 670 exhibitors. The event is organized and promoted by Reed Exhibitions Alcantara Machado, by the city of Macae, the Brazilian Institute of Oil, Gas and Biofuels (IBP) and the

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-55923288133020794962011-06-04T09:56:00.001-07:002011-06-04T09:56:55.308-07:00

PROMOTING TALENT Brazilian mining giant Vale do Rio Doce has increasingly promoted people in their mid-30s to direct large projects. (Photo: Vale) BETTER FUTURE Countries like Brazil, represented by this group of young people from Porto Alegre, are seeing a reverse brain drain. (Photo: EugenioHansen/OFS) In an increasingly competitive global environment, major firms know that talent

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-13382360759817142032011-06-04T09:54:00.001-07:002011-06-04T09:54:48.036-07:00

Petroleo Brasileiro SA (PETR4) and Colombia’s Ecopetrol SA (ECOPETL) are among energy companies aiming to increase Peru investments by a combined 50 percent to $1.54 billion this year, said the president of the state oil contracting agency. Brazil’s state-controlled oil company known as Petrobras, Ecopetrol, Argentina’s Pluspetrol SA and Calgary-based Gran Tierra Energy Inc. (GTE) will drill a

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-51709405829734905532011-06-04T09:47:00.001-07:002011-06-04T09:47:28.645-07:00

HOUSTON, June 3 -- Petroleo Brasileiro SA (Petrobras) christened on June 3 the P-56 semisubmersible production unit at the BrasFELS Shipyard, in Angra dos Reis in Brazil. The $1.5 billion unit will produce oil and associated gas from Marlim Sul Module 3 in the Campos basin, about 120 km off Brazil. Petrobras expects production from the field to start in August after P-56 undergoes testing and

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-1358628051879884942011-05-26T18:09:00.001-07:002011-05-26T18:09:50.093-07:00

Wed, May 25 2011 By Brian Ellsworth RIO DE JANEIRO (Reuters) - Concerns of mounting political interference at Brazil's state-run oil company Petrobras are spurring interest in a crop of start-ups seeking to tap the South American nation's sizable reserves. Worried that state meddling will push Petrobras toward less profitable activities, investors are eyeing alternatives such as OGX Petroleo (

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-57908853240933276462011-05-26T18:06:00.001-07:002011-05-26T18:06:27.427-07:00

ABB, the leading power and automation technology group, is planning to strengthen its marine business presence in Brazil, in order to serve the growing market in Latin America more effectively. Latin America has quickly become a key strategic area for ABB’s marine business. Future plans, which include the establishment of a new Azipod C factory, marine service center and specialized Azipod

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-20220965019436339012011-05-26T18:00:00.000-07:002011-05-26T18:00:30.505-07:00

Date: 25/05/2011 10:37 BMT Group, the international design, engineering and risk management consultancy, announced today that it has achieved strong financial results, despite a difficult year for the global economy and the maritime industry in particular. A turnover of £142m provided the group with an underlying operating profit of £11m in the year to 30 September 2010, £5.8m of which has been

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-86821586296696533732011-05-22T04:06:00.001-07:002011-05-22T04:06:55.484-07:00

Brazilian state-controlled energy giant Petrobras, a global technology leader in the area of deepwater drilling, plans to develop reserves located far offshore in the Atlantic Ocean by deploying dozens of oil rigs that are veritable floating cities. Following the discovery of massive, ultra-deep deposits in recent years that could lead to a drastic increase in proven reserves and transform

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-68054481071028080232011-05-22T04:04:00.001-07:002011-05-22T04:04:18.231-07:00

RIO DE JANEIRO (MarketWatch) -- Brazilian steelmaker Companhia Siderurgica Nacional SA (SID, CSNA3.BR), or CSN, said it agreed to acquire cement producer Cementos Balboa SA and four long steel producers in Spain and Germany from Spain's Grupo Alfonso Gallardo SLU for EUR543 million. CSN and Alfonso Gallardo first announced they were in talks on the acquisition in December. CSN will also take

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-78151860571458949462011-05-19T11:48:00.000-07:002011-05-19T11:48:00.045-07:00

A newly formed company, Sete Brasil S.A. (Sete BR), São Paulo, Brazil, will own and manage seven offshore drillships that will be built at Brazil’s Estaleiro Atlântico Sul (EAS) shipyard, according to an announcement by oil giant Petrobras. Petrobras will own less than a 10% share in Sete Brasil. The remainder of the company will be owned by banks and pension funds. During the event, Petrobras'

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-24458442042701332482011-05-19T10:45:00.000-07:002011-05-19T10:45:18.134-07:00

HOUSTON, May 17 -- OGX SA, Rio de Janeiro, has declared commercial the California and Fazenda Sao Jose accumulations discovered on the PN-T-68 block in northeastern Brazil’s onshore Parnaiba basin. The two fields are expected to reach output of 201 MMcfd of natural gas by 2013 to be preferentially provided to power plants to be built by MPX Energia SA, an EBX group company, in association with

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-45750380412800153192011-05-17T10:45:00.001-07:002011-05-17T10:45:44.176-07:00

BP recently announced that the Brazilian National Petroleum, Natural Gas and Biofuels Agency has approved its bid to purchase ten exploration and production blocks in Brazil from Devon Energy. [1] BP had declared its decision to buy the assets from Devon in March 2010, and had been waiting for the regulatory approvals from ANP since then. [2] The third largest of the six oil & gas ‘supermajors’

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-48374770243153170782011-05-14T05:01:00.000-07:002011-05-14T05:09:21.265-07:00

Wed, 11 May 2011Saipem has been awarded new E&C Offshore contracts worth in excess of $1 billion in China and Brazil. The offshore activities for both the contracts will be performed mainly by the newly-built and highly-specialized Saipem FDS 2 vessel, in different periods between 2012 and 2013. In China, Husky Oil China Ltd awarded Saipem the contract for the Liwan 3-1 Field – Deepwater EPCI.

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-18155066735285973702011-05-14T04:52:00.000-07:002011-05-14T04:52:09.879-07:00

Through its Trelleborg Engineered Systems business area, Trelleborg has signed an agreement to acquire a business in the offshore oil and gas industry in Brazil from a subsidiary of Veyance Technologies Inc. The business focuses on specially designed oil hoses for surface and deep-sea applications for the strongly growing offshore oil and gas extraction industry in Brazil. “This represents a

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-82233310990060522512011-05-13T12:13:00.001-07:002011-05-13T12:13:41.384-07:00

Siemens Energy has secured several contracts for the supply of topside solutions including power generation , water injection and power distribution packages for a Brazilian Floating, Production, Storage and Offloading, or FPSO, project. . Purchaser for the power generators and power distribution systems is Singapore-based Jurong Shipyard Pte Ltd. and Wasco through its subsidiary Gas Services

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-86364401138661412752011-05-10T20:46:00.000-07:002011-05-10T20:46:12.874-07:00

Taim Weser has been chosen by LLX, part of the EBX group, to design, manufacture, supply and implement transport systems and iron ore stockyard machinery for the new project of the Brazilian group, the port known as the “Superporto Sudeste”, a modern port terminal in the Sepetiba Bay, at Itaguaí, 80 km from Rio de Janeiro. TW’s order includes supplying a complete conveyor belt system and four

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-89678641036071473502011-05-10T20:43:00.001-07:002011-05-10T20:43:24.792-07:00

BP is to acquire majority (83%) control of the Brazilian ethanol and sugar producer Companhia Nacional de Açúcar e Álcool (CNAA). The $680m deal will increase BP’s overall Brazilian production capacity to around 1.4bn litres of ethanol equivalent per year (9m barrels). BP will operate two ethanol mills, in Goiás and Minas Gerais states. A third CNAA mill is currently under development in Minas

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-4008587629260010172011-05-09T18:20:00.000-07:002011-05-09T18:20:26.379-07:00

Braskem, Brazil’s largest chemical company, has been pumping up its international presence with the goal of becoming a global leader in sustainable chemicals by 2020, according to the company’s CEO, Carlos Fadigas, who rang the closing bell at the New York Stock Exchange today. Braskem has been quietly expanding over the years, acquiring 12 companies, including U.S.-based Sunoco Chemicals last

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-1261998001337744662011-05-05T01:41:00.000-07:002011-05-05T01:41:00.337-07:00

RIO DE JANEIRO -(Dow Jones)- Brazil's Chamber of Deputies is unlikely to approve the country's proposed new mining code this year and new legislation that could boost mining royalties is still further off, a mining sector lawyer said late last week. Discussions on proposals already made for the new mining law bill will be protracted due to the impractical nature of some proposals and the need

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-1614284923051060472011-05-04T15:32:00.001-07:002011-05-04T15:32:33.528-07:00

HOUSTON, May 4 -- Petroleo Brasileiro SA (Petrobras) let a $130 million to FMC Technologies Inc. for the supply of two subsea separation and boosting systems for Congro and Corvina fields, which lie off Brazil in the Campos basin. In addition to a subsea gas-liquid separation and boosting system for each field, FMC will also supply two subsea manifolds for handling the production and gas lift

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-47557554753685576422011-05-04T04:46:00.000-07:002011-05-04T04:46:32.460-07:00

Technip SA (TEC), Europe’s second-largest oilfield-services provider, may spend “hard-earned” cash on raising dividends and investment in Brazil, and will consider acquisitions, the company’s chief financial officer said. “The amount of cash that we can truly call our own has grown” to about 1 billion euros ($1.5 billion), Julian Waldron said in an interview in Paris last week. “We’ve worked

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-29978599048342496902011-05-03T17:07:00.000-07:002011-05-03T17:07:35.159-07:00

Tuesday, 03 May 2011 Alex McAndrew (52) has been appointed Country Manager for Harris Pye Brasil Ltda, based in Macaé in Rio de Janeiro state, Brazil, with responsibility for all operations from budget through to client satisfaction at the rapidly expanding offshore and marine engineering facility. Opened in 2001 to serve Harris Pye Group clients involved with exploration and production in

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-56896798487461455022011-05-03T17:02:00.000-07:002011-05-03T17:02:14.533-07:00

Date: 05/03/2011 11:47 In 2010, despite the climate of apprehension of the accident at BP's Gulf of Mexico, the event was not overshadowed his brilliance. And this year under the impact of the death of Osama Bin Laden and expectations about how the market will behave before the event, the Offshore Technology Conference (OTC), the largest global event in the oil industry is being held this week

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-31409093242007500082011-05-03T16:41:00.001-07:002011-05-03T16:41:35.476-07:00

Petrobras is expected to launch later this year bids for the purchase of four vessels-FPSO to operate in areas of the onerous assignment. The statement was made shortly by the president of the state Gabrielli in conference during the Offshore Technology Conference (OTC). "The first area to receive the Franco FPSO will be located around the field of Lula, in the Santos Basin. The expectation is

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-60237200277823445672011-05-02T10:08:00.000-07:002011-05-02T10:08:00.208-07:00

May 2, 2011 BHP Billiton and Brazil's Vale have given the go-ahead for a $US3.5 billion ($A3.2 billion) expansion of their jointly owned Samarco iron ore pellets operation in Brazil. The expansion will increase Samarco's annual iron ore pellet production capacity by 8.3 million tonnes to 30.5 million tonnes. The cost of the expansion is higher than the $US2.86 billion originally flagged. And

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-19475476888392172692011-05-02T07:12:00.000-07:002011-05-02T07:12:20.623-07:00

Vale S.A. (Vale) informs that its Board of Directors has approved Samarco's fourth pellet plant project. The project encompasses the construction of a fourth pellet plant with capacity of 8.3 Mtpy, increasing Samarco's iron ore pellets capacity to 30.5 Mtpy, the enlargement of the Ponta Ubu maritime terminal in the state of Espírito Santo, Brazil, and of mining and processing capacity at the

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-16329068776878559752011-05-02T07:05:00.000-07:002011-05-02T07:05:17.266-07:00

Peregrine I LLC, the operator of an offshore-drilling vessel that is backed by units of General Electric  GE +0.73% and Norwegian investment bank Pareto Securities, sought Chapter 11 bankruptcy protection. Peregrine I reported assets and debts each in the range of $100 million to $500 million in its Chapter 11 petition, which court papers show the Cayman Islands company filed Monday with the

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-5263587476145269312011-04-30T04:24:00.000-07:002011-04-30T04:24:00.335-07:00

Petrobras announces the discovery of a new oil accumulation in the Campos Basin pre-salt, through well 6-AB-119D-RJS drilled in the Albacora field, 107 km off the coast and only 3.2km from the drilling rig P-31. Preliminary volume estimates indicate an economically recoverable volume potential of approximately 350 million barrels of good quality oil (light). Drilled at a water depth of 380m,

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-50780954548850575442011-04-28T19:23:00.000-07:002011-04-28T19:23:18.189-07:00

Petrobras announces that it started the Extended Well Test (EWT) in the northeastern area of Lula Field, in the Santos Basin pre-salt, approximately 300 kilometers off the coast of Rio de Janeiro. The EWT is taking place in the FPSO BW Cidade de São Vicente, anchored at a depth of 2,120 meters. Production should remain at around 14 thousand barrels of oil per day. The information obtained in

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-35670837131007450592011-04-28T09:11:00.001-07:002011-04-28T09:11:20.732-07:00

ABB has won orders worth about $19 million from Suzlon, the world's third-largest manufacturer of wind turbines to serve Martifer Renovable´s wind farm plants installed in the states of Ceará and Rio Grande do Norte. ABB will design, supply and install two 230 kV main substations and 104 unitary 36 kV Compact Secondary Substations (CSS). Each wind turbine will be fitted with a fully automated

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-84718558580707076192011-04-27T09:23:00.000-07:002011-04-27T09:23:16.765-07:00

RIO DE JANEIRO, April 27 (Reuters) - Brazilian state oil company Petrobras  is appealing a government fine for not purchasing enough of its goods and services from local suppliers, a company director said on Wednesday. Brazil has pushed oil companies to buy offshore equipment from local providers to spur its oil services industry, although critics say this will boost costs for companies tapping

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-60779761514356518192011-04-26T13:32:00.000-07:002011-04-26T13:32:00.579-07:00

RIO DE JANEIRO (Dow Jones)--Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said Tuesday that total crude oil and natural gas production rose 2.3% year-on-year in March. Petrobras produced 2.614 million barrels of oil equivalent, or BOE. Petrobras domestic crude oil output also advanced 2.3% year-on-year in March to 2.04 million barrels a day. That was

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-5477589417458616362011-04-24T20:35:00.000-07:002011-04-24T20:35:46.948-07:00

HOUSTON, Apr. 20 -- With the start of an extended well test (ETW) on the Brava presalt discovery well , Petroleo Brasileiro SA (Petrobras) now has five presalt discoveries on production in the Campos basin off Brazil. Production started from Jubarte during September 2008, Baleia Franca during July 2010, Carimbe ETW in the Caratinga area during December 2010, Tracaja ETW in the Marlim Leste

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-75615408776421591912011-04-24T20:32:00.001-07:002011-04-24T20:32:36.209-07:00

HOUSTON, Apr. 15 -- Norway’s Statoil made a oil discovery south of Peregrino heavy oil field in the Campos basin off Brazil even as it started production from the field earlier this month. An exploratory well drilled in 120 m of water 85 km east of Rio de Janeiro on the Peregrino South structure a few kilometers south of Peregrino encountered oil in sandstones of the Tertiary Carapebus

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-89037619876958288602011-04-24T07:35:00.000-07:002011-04-24T07:35:00.635-07:00

By Samantha Pearson in São Paulo Published: April 22 2011 23:02 | Last updated: April 22 2011 23:02 Google expects revenue from its Brazilian operations to surge 80 per cent this year as the government pours huge amounts of investment into the sector, making the country one of the company’s most promising growth markets. Giving Brazil’s poor more access to the internet and improving connection

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-9152666266522181602011-04-24T05:29:00.000-07:002011-04-24T05:29:35.029-07:00

A chronology of key events: Know more and vist us at: www.khen-group.com 1500 - Portuguese land in the area and claim it to the Portuguese crown. 1822 - Son of Portuguese king declares independence from Portugal and crowns himself Peter I, Emperor of Brazil. 1888 - Slavery abolished. Large influx of European immigrants over the next decade. 1889 - Monarchy overthrown, federal republic

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Wednesday, April 20, 2011 “Brazil looks like it will become the largest FPSO market in the world and we want to participate..” -- Jon Harald Kilde M.S.c., GM, BW Offshore The abundance of deepwater O&G prospects, combined with the lack of oil transportation infrastructure in Brazil, has increasingly favored FPSOs as a production solution. Petrobras presently has more than 25 FPSOs in operation

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-30916703478861496432011-04-20T18:51:00.000-07:002011-04-20T18:51:01.564-07:00

Date: 04/19/2011 17:49 HRT Participações em Petróleo informed the opening of HRT America Inc., based in Houston, TX. The subsidiary is in charge of all G&G technical matters of HRT’s projects in Africa, having as initial focus the Namibia acreage that will be prepared and ready to be drilled in 2012. “We are very excited about the creation of HRT America because, while based in Houston, this

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Date: 04/20/2011 10:20 Technip, in consortium with Tomé Engenharia, was awarded by Petrobras a lump sum turnkey engineering, procurement and construction (EPC) contract, for five new units at the Presidente Bernardes Refinery in Cubatão, state of São Paulo (Brazil). This contract covers engineering, procurement, construction, commissioning, pre-operation and assisted operation of five new

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-695652677958933502011-04-20T01:00:00.000-07:002011-04-20T01:00:03.181-07:00

* Consumer spending, manufacturing help buoy revenues * Brazil economy to cool in 2011 after break-neck 2010 BRASILIA, April 19 (Reuters) - Brazil's tax collection surged in March on the back of consumer demand that has continued to be robust, the federal tax authority said on Tuesday. Tax revenue in March, adjusted for inflation, jumped to 71 billion reais ($44.9 billion), an increase

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-86517272899011826682011-04-19T12:41:00.000-07:002011-04-19T12:41:20.903-07:00

RIO DE JANEIRO -(Dow Jones)- Brazilian iron ore miner MMX Mineracao e Metalicos SA (MMXM3.BR) said Monday it has permission from Brazil's securities commission CVM to make a public exchange offer for shares of PortX Operacoes Portuarias SA (PRTX3.BR), a sister company with the EBX Group controlled by Brazilian billionaire Eike Batista. MMX will publish within 10 days a prospectus with details

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SAO PAULO, April 19 (Reuters) - Joblessness in Brazil rose less than expected in March from February, underscoring the tight labor market that economists worry could pressure inflation and force the central bank to raise interest rates. Brazil's jobless rate BRUNR=ECI edged up to 6.5 percent in March from a previously reported 6.4 percent in February, the government's statistics agency IBGE said

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-59567379410012408802011-04-18T18:23:00.000-07:002011-04-18T18:23:20.800-07:00

OGX Petróleo e Gás, today disclosed the results of the reports prepared by petroleum consultants DeGolyer & MacNaughton (“D&M”), which estimate new volume of resources held by the Company in Brazil’s Campos and Parnaiba basins and three basins in Colombia. These reports indicate net potential resources for OGX of 5.7 billion barrels of oil equivalent (“boe”) in the Campos Basin, 1.0 billion boe

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-30392289638264325912011-04-18T10:15:00.000-07:002011-04-18T10:27:22.549-07:00

Our Services - Click Here RIO DE JANEIRO In 2007, former President George W. Bush punctuated a trip to Brazil with a visit to a biofuels plant, highlighting the country’s new energy independence and expanding ethanol market as a model for the U.S. to kick its addiction to oil. Four years later, though, Brazil has made major oil discoveries and drilling advocates say the Latin

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Brazilian state-run oil company Petrobras (PETR4.SA) and China's Sinopec (0386.HK) have finalized a joint venture agreement to explore blocks off the coast of northern Brazil, a Sinopec official said on Wednesday. Carlos Stenders, adjunct director of Sinopec's Brazil unit, told reporters on the sidelines of an industry conference that the agreements were signed during Brazilian President Dilma

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Cable company Nexans has been awarded a multi-million turnkey contract by Toshiba Sistemas de Trasmissão e Distribuição do Brazil to supply and install high-voltage XLPE cables and accessories that will be used to interconnect the two main electrical substations at the new Comperj petrochemical complex currently under construction in the state of Rio de Janeiro, Brazil. Petrobras is constructing

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RIO DE JANEIRO—Brazilian billionaire Eike Batista and other local investors are teaming up with IntercontinentalExchange /quotes/comstock/13*!ice/quotes/nls/ice (ICE 121.19, +0.71, +0.59%) Inc. to launch a trading exchange for electric power, saying the existing system for negotiating contracts is inefficient. Uncontracted electric power in Brazil is currently sold under private contracts

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Credit:Agência Brasil Emerging countries like Brazil and China are building numerous hydroelectric dams at home and abroad to help drive their economic growth. But while in Latin America the phenomenon is touted as an integration process, in Asia it has generated tension over the shared use of rivers. Brazil, the leader of this strategy in Latin America, has an agreement to build five

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Source: Agência Brasil Petrobras (Bovespa: PETR3/PETR4, NYSE: PBR / PBRA, Latibex: XPBR / XPBRA, BCBA: APBR / APBRA) will use natural gas from the pre-salt fields as fuel and feedstock in the new petrochemical complex in Rio de Janeiro (Comperj), which is being builtin in Itaboraí, the metropolitan region of Rio. According to Petrobras' Downstream Director, Paulo Roberto Costa, the gas will be

Brazil Extrahttp://www.blogger.com/profile/11444968900285820272noreply@blogger.com0tag:blogger.com,1999:blog-2116920516862054393.post-34730794783219198882011-04-14T12:04:00.000-07:002011-04-14T12:04:00.530-07:00

CIG | ELP Print Share Companhia Energetica de Minas Gerais (CIG - Analyst Report), also known as CEMIG, recently announced that the company will participate in a project to construct a gas pipeline connecting São Paulo and Uberaba. Primarily the pipleine will serve the Ammonia Plant, which will be built by Petroleo Brasileiro SA, or Petrobras (PBR - Analyst Report) by 2013. The company has

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SAO PAULO -(Dow Jones)- OGX Petroleo & Gas Participacoes (OGXPY, OGXP3.BR), the oil producer controlled by Brazilian billionaire Eike Batista, expects to produce 60,000 barrels of oil equivalent a day next year, Batista said Tuesday. OGX will begin production in September from its offshore oil fields, Batista said in Rio de Janeiro. Production will ramp up to 1.4 million barrels a day in 2020,

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On the afternoon of April 12, 2011, President Hu Jintao held wide-ranging and fruitful talks in an in-depth, friendly manner with Brazilian President Dilma Rousseff at the Great Hall of the People. Both sides reached broad consensus on a series of major issues including furthering bilateral ties. Hu said since the establishment of strategic partnership in 1993, especially in the new century,

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SAO PAULO—When Chinese President Hu Jintao welcomes his Brazilian counterpart Dilma Rousseff for a state visit to Beijing this week, Ms. Rousseff is expected to hail soaring commercial ties between two of the world's biggest and fastest-growing economies. But in addition to the praise, Ms. Rousseff is also expected to vent the growing frustration that Brazil, like other developing nations, feels

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Keppel FELS, a unit of Keppel Corporation, has secured another rig building contract worth US$180 million from SGX-listed Jasper Investments. Keppel said that Jasper has exercised its option with Keppel FELS to build a second KFELS B class jackup rig for delivery in the first half of 2013.The option was given to Jasper when it ordered its first jackup from Keppel Fels on December last year.

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It was released on Tuesday (12), the company BRIX, which is an electronic trading platform for electricity in Brazil. The platform, which began operating in June, aims to become the first business exchange of electric power in Brazil. The prospect of the initiative is to triple the turnover in the sector over the next three to five years, a jump of $ 25 billion estimated in 2010 to $ 75 billion.

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Latin Americans like Barack Obama. They would like him even more if his rhetoric of partnership was matched by policy changes IN APRIL 2009, shortly after becoming president of the United States, Barack Obama attended a 34-country Summit of the Americas in Trinidad where he charmed those present—even Venezuela’s Hugo Chávez—with a call for the often fractious relationship between the United

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The Immigration Coordination of the Brazilian Ministry of Labor recently issued the Rule # 132, dated of 03.21.02, establishing new rules to work visas procedures in Brazil. Please find below the seven main innovations brought by the mentioned regulation on foreign work visas, either on a temporary or a permanent status. 1) PASSPORT. Complete certified copy of the applicant’s and family member’s

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The Ministry of Labor, through the Immigration Coordination (CGIg), has the specific competence and authority to grant work authorization for foreign nationals to work in Brazil, according to Law #. 6.815 dated of 19 August of 1980. Immigration matters involve a high degree of discretional powers of the authorities. As one knows, immigration and work permit granting for foreigners are fields

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1. Sources of regulation 2. Scope of legislation 3. Contracts of employment 4. Termination of employment 5. Dismissal 6. Notice and prior procedural safeguards 7. Severance pay 8. Avenues for redress 9. Further Information 1. Sources of regulation The Constitution of the Federal Republic of Brazil (FC) of 1988 is the primary source of labour law. Chapter II, which deals

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Eduardo Bueno is a popular author and commentator on Brazilian culture. He tells Steve Kroft Brazil is in for hard times when President Luiz Inacio Lula  Silva leaves office.

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As the U.S. and most of the world's countries limp along after the crippling recession, Brazil is off and running with jobs, industry, and resources. Steve Kroft reports.

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For decades, the joke about Brazil has been that it's the country of the future - and always will be. Despite enormous natural resources, it has long displayed an uncanny ability to squander its vast potential. Now it's beginning to look like Brazil may have the last laugh. Correspondent Steve Kroft reported, while most of the world is consumed with debt and unemployment, Brazil is trying to

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