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Bello The ghost in the Planalto Dilma Rousseff is in office but no longer in power Apr 25th 2015 | From the print edition The Economist “DILMA Out, PT out,” rang the angry chants up and down São Paulo’s Avenida Paulista on a blazing Sunday afternoon on April 12th. They were echoed in towns and cities across Brazil.... Continue Reading →
Petrobras Fallout Pushes Even Untainted Borrowers Toward Default By Filipe Pacheco / Bloomberg 10:00 PM BRT April 26, 2015 The bribery investigation at Petroleo Brasileiro SA has already pushed two companies implicated by the alleged graft into default. Now, a cement producer untainted by the scandal -- but upended by its fallout -- risks joining... Continue Reading →
Odebrecht Seeks Renewable-Energy Partners as Brazil Funds Dry Up By Vanessa Dezem / Bloomberg 8:00 AM BRT April 27, 2015 Odebrecht Energia, a unit of Brazilian construction giant Odebrecht SA, is seeking investors to buy stakes in its renewable-energy assets as credit conditions deteriorate in Brazil. The developer is in talks with four international pension... Continue Reading →
http://www.ft.com/cms/s/0/2c803100-ecc2-11e4-b82f-00144feab7de.html#ixzz3YW3sP9Dw LOMBARD April 27, 2015 11:39 am BP shareholders need protecting from David Cameron Jonathan Guthrie/FT ©Reuters Call that a national champion? BP is a curious business to receive such a flattering title, via government protection from takeover. Its standout achievements in recent years have been dumping 200m barrels of oil in the Gulf of Mexico and allying itself... Continue Reading →
Δημοσιεύθηκε: 27 Απριλίου 2015 - 11:29 Oil E&Ps: spring sales Sometimes low prices do not attract shoppers. A catalyst is needed: clever marketing, word of mouth, something to give buyers confidence. For energy companies, it may a price increase - in the commodity, if not the companies themselves. Oil is up 39 per cent since January.... Continue Reading →
PetroChina, Sinopec Surge on Industry Merger Speculation By Aibing Guo / Bloomberg 1:31 AM BRT April 27, 2015 China Petroleum & Chemical Corp. (Sinopec) storage tanks stand in the Tsing Yi area of Hong Kong. Photographer: Jerome Favre/Bloomberg PetroChina Co. and China Petroleum & Chemical Corp., the nation’s two largest oil explorers, jumped by their... Continue Reading →
Brazil Analysts Cut 2015 GDP Forecast, Boost Inflation Estimate By Mario Sergio Lima / Bloomberg 8:37 AM BRT April 27, 2015 Brazil analysts lowered their estimate for economic growth this year and raised their inflation prediction, as the government negotiates with Congress over fiscal moves to trim the budget deficit. Analysts cut their 2015 growth... Continue Reading →
http://www.ft.com/cms/s/0/06a3207e-e901-11e4-87fe-00144feab7de.html#ixzz3YRMJcvFy April 26, 2015 5:45 pm UK government warns BP over potential takeover George Parker and Christopher Adams/FT ©Reuters The British government has told BP it would oppose any potential takeover of the company, which was seriously weakened by the huge bill incurred after the Gulf of Mexico Deepwater Horizon disaster five years ago. Amid wider consolidation... Continue Reading →
Fri Apr 24, 2015 6:25pm EDT Petrobras overhaul calls for much more than corruption clean-up RIO DE JANEIRO | BY JEB BLOUNT A tower with a Brazilian flag representing an oil rig is pictured during a protest in front of the Petrobras headquarters in Rio de Janeiro REUTERS/SERGIO MORAES (Reuters) - Petrobras' decision to take a massive... Continue Reading →
April 24, 2015 11:50 am The US shale revolution Ed Crooks/FT How it changed the world (and why nothing will ever be the same again) Last summer, Juan Ramos had four jobs; now he has none. A year ago, feeling frustrated and underpaid working in health insurance in Florida, he was stirred by stories of... Continue Reading →
Brazil Energy Insight 