Petrobras, Engie Unlikely to End TAG Talks Before Feb -Engie CEO

By Luciano Costa
Thursday, November 1, 2018

Talks between Brazil's Petroleo Brasileiro SA and France's Engie over the latter's acquisition of pipeline company TAG are not expected to end before February or March of next year, the chief executive of Engie's Brazilian unit said in a conference call with analysts.

Eduardo Sattamini said even if Petrobras, as the oil company is known, were successful in overturning an injunction blocking the sale and resumed talks with Engie immediately, a deal could not be reached this year. Engie had been in exclusive talks to acquire the pipeline company, worth more than $7 billion, when a Supreme Court injunction in July suspended the process. 

(Reuters, Reporting by Luciano Costa)

Categories: Pipelines Legal

Related Stories

MODEC Ramps Up Hammerhead FPSO Work After ExxonMobil's Go-Ahead

Aesen, DOC JV Targets Subsea Cable Logistics

SBM Offshore Starts Construction of FSO for Trion Oil Field off Mexico

Yinson Production Nets DNV Approval for New FPSO Hull Design

Brownfield Output Decline Accelerates, says IEA

POSH Set to Tow Nguya FLNG from China to Eni’s Congo Field

Floating Offshore Wind Test Center Planned for Japan

Synergy Marine Group Completes Conversion of LNG Vessel to FSRU

PTTEP Greenlights $320M Offshore CCS Project at Arthit Gas Field in Thailand

Keppel, Seatrium in $53M Arbitration Case Over Brazil Corruption Scheme

Current News

MODEC Ramps Up Hammerhead FPSO Work After ExxonMobil's Go-Ahead

Aesen, DOC JV Targets Subsea Cable Logistics

Timor Gap Boosts Stake in Finder Energy’s Timor-Leste Oil Fields

SBM Offshore Starts Construction of FSO for Trion Oil Field off Mexico

Russia Targets 2028 for Sakhalin-3 Gas Project Start Up

Seatrium Secures ABS Backing for Deepwater FPSO Design

MDL Secures Cable Laying Job in Asia Pacific

Hibiscus Petroleum Starts Drilling at Teal West Field off UK

Yinson Production Nets DNV Approval for New FPSO Hull Design

Hanwha Ocean's Tidal Action Drillship Starts Maiden Job with Petrobras

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com