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South America

Uruguay next venture area for Statoil

OPPORTUNITIES in Uruguay have convinced Statoil to acquire a 15 per cent working interest in offshore exploration block 14 from Total, the company announced in February. This represents a new impact opportunity for Statoil and a new country entry. Block

Modec and partners plan for FPSO

MODEC will team up with three fellow Japanese companies to invest in a long-term deepwater floating production, storage and offloading (FPSO) vessel charter project for work offshore Brazil. Modec will team with Mitsui & Co, Mitsui OSK Lines and Marubeni

New Petrobras head appointed after Car Wash

PETROBRAS has appointed the former head of state-owned Banco do Brasil, Aldemir Bendine, as chief executive, following the resignation of Maria das Graças Silva Foster and five other executives amid a series of corruption allegations. Prosecutors and police allege construction