The debate over President Dilma Rousseff’s political survival intensified as lawmakers for the second time this month debated impeachment, clashing over the rules of a
Hercules Offshore Inc. may become the first big energy-sector business to exit bankruptcy since the crude slump triggered insolvencies among oil and gas drillers and
After a dramatic opening of the US dollar at R$4.23, an all time high, the Brazilian currency rebounded and the US dollar closed at R$3.99.
Transocean Ltd., the world’s largest offshore rig contractor, is being linked for the first time to the corruption probe of Petroleo Brasileiro SA, the state-owned energy giant
As Brazilian markets went wild this week, trading desks fell silent. Unlike previous scares that rocked Latin America’s biggest economy — a 50-minute selloff triggered
Bonds backed by four Odebrecht drilling rigs plunged to the lowest since they were issued after Brazil’s state oil company canceled a contract to rent