Tag Archive

BP expands in renewable energy Sector, combining biofuels and biopower with Bunge in Brazil

BP expands in renewable energy Sector, combining biofuels and biopower with Bunge in Brazil

July 23, 2019 No Comments

BP has agreed to form a 50:50 joint venture with Bunge – a leader in agriculture, food and ingredients – that will create a leading bioenergy company in one of the world’s largest fastgrowing markets for biofuels. BP will combine its Brazilian biofuels and biopower businesses with that of Bunge to create a world-scale, highly-efficient […]

Change at the top of Wintershall Dea in Brazil

Change at the top of Wintershall Dea in Brazil

July 17, 2019 No Comments

Valerie Bosse is the new Managing Director of the Wintershall Dea Business Unit Brazil and is responsible for all previous Wintershall and DEA activities in the country. On 30 April 2019, the two German companies Wintershall Holding GmbH (Wintershall) and DEA Deutsche Erdoel AG (DEA) completed their international merger to form Wintershall Dea, which is […]

Ecuadorian Plaintiffs End Fraudulent Litigation Against Chevron

Ecuadorian Plaintiffs End Fraudulent Litigation Against Chevron

July 9, 2019 No Comments

A group of Ecuadorian plaintiffs whose litigation against Chevron Corporation (NYSE: CVX) has been exposed as a fraud and bribery scheme by courts in the United States and elsewhere has ended its Canadian lawsuit against the company. Following dismissals of their claims in Argentina and Brazil, findings against them in the United States and Gibraltar, […]

Equinor acquires Barra’s 10% interest in the BM-S-8 block in Brazil

Equinor acquires Barra’s 10% interest in the BM-S-8 block in Brazil

June 19, 2019 No Comments

Equinor and Barra Energia (“Barra”) have completed their transaction announced on 4 July 2018, whereby Equinor has acquired Barra’s 10% interest in the BM-S-8 block in Brazil’s Santos basin for a total consideration of USD 379 million. Upon the completion of this transaction, Equinor, ExxonMobil and Galp have also completed the two further transactions previously […]

Total Update on Mero Field Development

Total Update on Mero Field Development

June 12, 2019 No Comments

Total and its partners have taken the investment decision for the second phase of the Mero project (Libra block), located deep offshore, 180 kilometers off the coast of Rio de Janeiro, in the prolific pre-salt area of the Santos Basin in Brazil. This decision follows the production start-up on the field in November 2017 (Early […]

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US Boosts Oil Imports from Iraq, Nigeria, Brazil, Angola

US Boosts Oil Imports from Iraq, Nigeria, Brazil, Angola

May 7, 2019 No Comments

US refineries have upped their imports of Iraqi, Nigerian, Brazilian, and Angolan crude oil, with May volumes double that of April levels, data from Refinitiv Eikon showed on Monday. Oil imports from these countries to the United States spiked as oil supply from Iran and Venezuela dried up, and as reduced OPEC production made scarce heavy sour […]

Supreme Court Rules for Chevron

Supreme Court Rules for Chevron

April 16, 2019 No Comments

The Supreme Court of the Netherlands has ruled in favor of Chevron Corporation (NYSE: CVX), rejecting the Republic of Ecuador’s attempts to annul decisions of an international arbitral tribunal in The Hague that ordered Ecuador to take all steps necessary to prevent enforcement of a $9.5 billion Ecuadorian judgment against Chevron anywhere in the world. […]

Karoon Energy Chairman Announces Company Strategy

Karoon Energy Chairman Announces Company Strategy

March 14, 2019 No Comments

Against the backdrop of a very strong balance sheet, the board has undertaken a review of the company’s strategy encompassing the evaluation of several future scenarios. The overriding principle in evaluating the strategic alternatives was based solely on potential shareholder returns. The major components of the strategic review included: a significant production acquisition; pursuing our […]

Emerson and Repsol to Form Strategic Alliance

Emerson and Repsol to Form Strategic Alliance

March 13, 2019 No Comments

Emerson (NYSE: EMR), and Repsol announced they have established a strategic alliance to deliver advanced subsurface geophysical technologies to significantly reduce the time to prospect and produce first oil. To achieve this critical industry goal, Emerson will work collaboratively with Repsol to implement and deploy advanced subsurface imaging technologies, with core technologies developed by Repsol […]

Pátria Investimentos, Shell and Mitsubishi Hitachi Power Systems (MHPS) announce thermoelectric partnership

Pátria Investimentos, Shell and Mitsubishi Hitachi Power Systems (MHPS) announce thermoelectric partnership

February 28, 2019 No Comments

Pátria Investimentos, the Shell Group and Mitsubishi Hitachi Power Systems (MHPS) have announced the construction and operation of the Marlim Azul (Blue Marlin) gas-powered thermoelectric power plant in Macaé, Rio de Janeiro state in Brazil. The partnership includes construction of the power plant and the sale of its energy on both the regulated market, via […]

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