rss icon Subscribe
desktop mobile

Brazil Court Freezes Petrobras's TermoBahia Sale

Posted by Eric Haun

A Brazilian federal court on Monday temporarily halted the sale by Petroleo Brasileiro SA of its 50 percent stake in thermal power station operator TermoBahia to Total Brasil E & P, part of France's Total, following a lawsuit, according to a document seen by Reuters.
The sale was part of a $2.2 billion deal signed in December which included the sale of stakes in oilfields by Petrobras to the French firm.


(Reporting by José Roberto Gomes)

Aug 21, 2017

 

Finance

The Challenge of Marine Asset Appraisal

Image: © Danial / Adobe Stock

While large shipping asset deals are often financed through the major capital markets

Suez Canal Authority, DP World Present Sokhna World Zone

Map: Suez Canal Special Economic Zone (SCZone)

Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World and Admiral Mohab Mamish

Golden Ocean Adds New Vessels

Golden Ocean Group Limited (GOGL) announced that it has entered a deal to acquire two Capesize bulk carriers from affiliates of Hemen Holding Limited at a purchase price of $43

Government Update

How Many Red Snapper Are in the Gulf of Mexico?

(Photo: NOAA)

How many red snapper are in the U.S. waters of the Gulf of Mexico? A two-year, $12 million

Singapore Charges Defunct Bunker Supplier, Staff

A Singapore marine fuel supplier and three executives have been charged with cheating as part of a government crackdown on short deliveries of fuel to vessels in the world's

Brexit Prompts North P&I Club to Set up Dublin Subsidiary

British ship insurer North is setting up a new European Union subsidiary in Dublin in case Britain loses access to the single market after Brexit, becoming the first of these

Maritime Apps