Rio de Janeiro, May 22, 2017 – Petróleo Brasileiro S.A. - Petrobras announces that it has closed today a US$ 4 billion issuance of 2022, 2027 and 2044 notes in the international capital markets. The notes were reopened by Petrobras’ wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) and constitute general senior unsecured and unsubordinated obligations... Continue Reading →
Brazil annual inflation rate in mid-May seen below 4 percent
Brazil's annualized inflation rate likely eased below 4 percent in the middle of May for the first time in nearly ten years, according to economists surveyed by Reuters, leaving conditions ripe for the central bank to cut interest rates at the end of this month despite growing political uncertainty. Brazilian consumer prices likely rose just... Continue Reading →
Brazil Selloff Resumes as Temer’s Corruption Defense Falls Flat
Brazilian assets resumed a selloff Monday as investors fled what had been one of the most popular trades in emerging markets. The real and local stocks were among the world’s worst performers as President Michel Temer’s support deteriorated further over the weekend, days after an audio recording emerged in which he appeared to endorse illegal... Continue Reading →
WÄRTSILÄ NEGOTIATES PARTNERSHIPS WITH SHIPYARDS FOR MANAGEMENT OF BALLAST WATER IN SHIPS
May 19th, 2017 Wärtsilä is forming partnerships with a number of shipyards to assist in meeting new International Maritime Organization (IMO) standards that will come into effect in September this year for the management of ballast water in ships. According to the Finnish company, the objective is to provide shipowners and operators with all the... Continue Reading →
ANP CANCELS NEW REVIEW OF THE PAPA-TERRA DEVELOPMENT PLAN
May 19th, 2017 The National Petroleum Agency (ANP) has released Petrobras to present a new revision of the Papa-Terra Field Development Plan in the Campos Basin. Initially, the state company had until July 31 to present the review, which should encompass the updating of the geological and simulation models, as well as the presentation of... Continue Reading →
Petrobras – Reduction of Significant Shareholding Interest
Rio de Janeiro, May 19, 2017 – Petróleo Brasileiro S.A. – Petrobras, in compliance with article 12 of CVM Instruction no. 358, dated of 1/3/2002, informs that it was notified by BlackRock, Inc. ("BlackRock") that the latter has sold preferred shares issued by the company, and as of May 18, 2017 it manages shareholding interest... Continue Reading →
Protesters call for Temer resignation as uncertainty grips Brazil
Demonstrators gathered across Brazil on Sunday to call for the resignation or ouster of President Michel Temer who is implicated in a widening corruption scandal that is undermining his government's fragile efforts to end a historic recession. Scattered demonstrations took place in cities including São Paulo and Rio de Janeiro, where hundreds of demonstrators marched... Continue Reading →
Meanwhile, back at the House of Cards
Brazil's Supreme Court released explosive plea-bargain testimony on Friday accusing President Michel Temer, along with former presidents Luiz Inacio Lula da Silva and Dilma Rousseff, of receiving millions in bribes. The testimony raises serious doubts about whether Temer, who replaced the impeached Rousseff last year, can maintain his grip on the presidency amid the string... Continue Reading →
In Corruption-Hardened Brazil, Some Bombshells Still Pack Punch
In the three years since Brazil’s sweeping corruption scandal exploded, there’s been plenty of jaw-dropping moments. But even in a nation hardened to allegations of crooked politicians and businessmen on the take, the latest crisis came as a shock. The details trickling out often seem straight out of a best-selling political thriller: A president accused... Continue Reading →
Three years without permits to operate new pipelines.
19/05 / 2017 ABEGAS The ANP has been for more than three years without issuing permits for the operation of new gas pipelines in the country. The last authorization was issued in February 2014 for the facilities of the LNG Regasification Terminal of Bahia, a Petrobras project that has a pipeline of 43 km with... Continue Reading →
Brazil Energy Insight 