Brought to you by Quest Offshore & Southern Cone Consultants
Brazil’s real led gains among major peers as the central bank refrained from weakening the currency after selling $32.3 billion in reverse swaps over the past month. The real rose 2.4 percent to 3.5322 per dollar on Tuesday, taking a breather from the central bank’s auctions, which are equivalent to buying dollars in the futures market.... Continue Reading →
Parnaiba Gas Natural SA, Brazil’s biggest independent natural gas producer, is considering acquisitions and preparing to expand output in Latin America’s biggest economy. The Rio de Janeiro-based producer spent 800 million reais ($223 million) last year to expand infrastructure and drill 30 wells in what was Brazil’s biggest drilling campaign on land, Chief Executive Officer... Continue Reading →
Apr 19, 2016 Reuters The cost of extracting oil from Brazil's so-called Subsalt Polygon in the Atlantic ocean fell about 7 percent last year, state-controlled oil producer Petróleo Brasileiro SA said on Tuesday. In a securities filing, Petrobras said unit extraction costs fell to $8.50 per barrel of oil last year from about $9.10 a... Continue Reading →
Brazil's corruption-battered state oil company Petrobras could be a big beneficiary if the country's opposition parties impeach President Dilma Rousseff, investors and analysts said on Monday. Vice President Michel Temer, who would take power if Rousseff were impeached, is considered open to industry calls for changes to oil rules brought in by her Workers' Party... Continue Reading →
Should she succeed the question is how will she manage the country with only 28% support from Congress?? Brazil’s President Dilma Rousseff on Monday pledged to continue fighting an impeachment process that she considers a threat to democracy and a personal affront. Visibly downcast, Rousseff struck a personal tone in her first speech since the... Continue Reading →
Economist The vice-president is likely to take power. He will not find it easy to govern the country Apr 18th 2016 | BRASÍLIA AT 11.07pm on April 17th federal deputy Bruno Araújo of Pernambuco state cast the most momentous vote in his parliamentary career. The lawmaker for the centre-right opposition Party of Brazilian Social Democracy... Continue Reading →
Dilma Rousseff is running out of time and options as her enemies close in on the first impeachment of a Brazilian president in 24 years. After a dramatic defeat in an impeachment vote in the Lower House on Sunday, she may have only a couple of weeks to turn around growing momentum for her... Continue Reading →
Investors in Brazil may find that getting what they wished for isn’t all it was cracked up to be. The real and the Ibovespa slumped even after the lower house of Congress voted to proceed with President Dilma Rousseff’s ouster. The scope of gains going forward is seen as limited given the difficulty in tackling... Continue Reading →
When Brazilian legislators gather to impeach a president, it’s anything but a solemn affair. Think Carnival of Brazil. In an impassioned, 10-hour session in Brazil’s lower house of Congress on Sunday to vote on the impeachment of President Dilma Rousseff, the scene on the floor of the legislative chamber sometimes bordered on the surreal. Protester watch... Continue Reading →
Brazil's leftist President Dilma Rousseff suffered a humiliating loss in a crucial impeachment vote in the lower house of Congress on Sunday and is almost certain to be forced from office months before the nation hosts the Olympics. Fireworks lit up the night sky in Brazil's megacities of Sao Paulo and Rio de Janeiro after... Continue Reading →
Brazil Energy Insight 