Pummeled by Petrobras Probe, Rig Bond Is Now Swarmed by Buyers By Anna Edgerton Paula Sambo/Bloomberg 8:00 PM BRT May 5, 2015 Few Brazilian companies were hit harder by the Petroleo Brasileiro SA bribery investigation than the nation’s rig suppliers. Queiroz Galvao Oleo e Gas Constellation, one of the biggest, saw some of its bonds... Continue Reading →
Petrobras / Quiet Period – 1st Quarter 2015
Petrobras / Quiet Period – 1st Quarter 2015 Rio de Janeiro, May 5th, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that it will release its 1st Quarter 2015 results on May 15th, 2015, Friday, after the market is closed. Therefore, from May 5th to May 15th, the Company will be in quiet period. During... Continue Reading →
Petrobras – Clarification on News: Divestments in Pre-Salt areas
Petrobras - Clarification on News: Divestments in Pre-Salt areas Rio de Janeiro, May 5th, 2015 – Petróleo Brasileiro S.A. – Petrobras´ response to Official Letter BM&FBovespa 1.634/2015-SAE that requests clarification as follows: OFFICIAL LETTER 1.634/2015-SAE “An article published by Agência Estado – Broadcast, on May 5th, 2015, states, among other information, that Petrobras has plans... Continue Reading →
Devon Energy Posts Loss on Impairments
Devon Energy Posts Loss on Impairments Company reports $5.46 billion of asset impairments, but raises full-year production goal By JOSH BECKERMAN May 5, 2015 9:20 p.m. ET Devon Energy Corp. posted a $3.6 billion net loss on $5.46 billion of asset impairments, although the energy company said production was higher than expected and it raised... Continue Reading →
Brazil Probes Ex-Finance Minister Mantega
Brazil Probes Ex-Finance Minister Mantega Finance Minister Guido Mantega allegedly misled investors by requiring state-run oil firm Petróleo Brasileiro SA to subsidize domestic fuel prices A couple fish near a Petrobras facility in the state of Rio de Janeiro. PHOTO: EFE/ZUMA PRESS By PAUL KIERNAN/WSJ May 5, 2015 10:12 p.m. ET RIO DE JANEIRO—Brazil’s government is investigating... Continue Reading →
Odebrecht Says Lula Was First to Open Cuba to Brazilian Business
Odebrecht Says Lula Was First to Open Cuba to Brazilian Business By Blake Schmidt Michael Smith / Bloomberg 12:00 AM BRT May 5, 2015 Odebrecht SA’s Chief Executive Officer Marcelo Odebrecht said his family’s Brazilian conglomerate relied on then-President Luiz Inacio Lula da Silva to open the way for business in Cuba. Odebrecht SA, owner... Continue Reading →
Occidental Names Hollub First Female CEO of Major Oil Company
Occidental Names Hollub First Female CEO of Major Oil Company by Joe Carroll 5:40 PM BRT May 5, 2015 Occidental Petroleum Corp. said Vicki Hollub, head of its oil and natural gas unit in the Americas, will be the first female chief executive officer of a major U.S. oil producer. Hollub is taking over all... Continue Reading →
Brazil regulator says former Petrobras board misguided investors
Tue May 5, 2015 8:49am EDT Brazil regulator says former Petrobras board misguided investors RIO DE JANEIRO Reuters) - Brazil's securities industry regulator accused the former board of state-run oil producer Petrobras of setting a fuel pricing policy that misguided investors and hurt the company. The former board, which former Finance Minister Guido Mantega presided... Continue Reading →
Real Gains as Goldman Says Brazil Exporters Need Weaker Currency
Real Gains as Goldman Says Brazil Exporters Need Weaker Currency By Paula Sambo 10:37 AM BRT May 5, 2015 As the real climbed for the first time in five days, Goldman Sachs Group Inc. recommended that Brazil go further in relaxing support for the currency and let it decline more than 10 percent to support... Continue Reading →
EOG Will Resume Major Oil Growth at ‘Stable’ $65 Price
EOG Will Resume Major Oil Growth at ‘Stable’ $65 Price By Bradley Olson/Bloomberg 12:23 PM BRT May 5, 2015 An well pump near Sweetwater, Texas. Photographer: LM Otero/AP Photo EOG Resources Inc., the biggest shale-oil producer, will resume major growth in output once crude prices are stable at $65 a barrel. The company will likely... Continue Reading →
Brazil Energy Insight 