Ecuador says oil firms to invest $1 billion to boost output International oil service companies will invest some $1 billion in sprucing up Ecuador’s mature oil fields, the OPEC country’s state-run Petroamazonas energy company said on Monday. The companies include China Petrochemical Corporation (Sinopec Group); Schlumberger; Argentina’s Tecpetrol oil firm and oilfield service provider Halliburton. Rigzone reports. Another Brazil state giant prepares graft writedowns Brazilian state-run utility Centrais Eletricas Brasileiras has finished the bulk of its investigation to assess the size of losses from corruption committed by some builders the company contracted, according to a person familiar with the matter. The move comes a year after Petrobras took a writedown of $2.1 billion because of the sweeping corruption scandal known […]
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