Brought to you by Quest Offshore & Southern Cone Consultants
BP Readies Defenses as Oil Industry Responds to Shell’s Raid By Rakteem Katakey Matthew Campbell Matthew Monks 8:01 PM BRT April 20, 2015 BP executives are concerned the company is vulnerable to an opportunistic bid, according to people familiar with the situation. Photographer: Andrey Rudakov/Bloomberg As the oil industry takes stock of Royal Dutch Shell... Continue Reading →
Tue Apr 21, 2015 6:34am EDT Brazilian vice-president sees no impeachment case against Rousseff LISBON Brazil's President Dilma Rousseff (L) reacts next to Vice President Michel Temer during a ceremony to announce measures to modernize Brazilian soccer at the Planalto Palace in Brasilia March 19, 2015. REUTERS/UESLEI MARCELINO (Reuters) - Brazil's vice president has dismissed... Continue Reading →
Petrobras Scandal Buries Brazilian Prosperity Plan at Sea By Juan Pablo Spinetto Anna Edgerton / Bloomberg 8:00 PM BRT April 20, 2015 Buried off the coast of Brazil, beneath miles of seawater, rock and salt, lie vast oil reserves -- at least 50 billion barrels -- that were supposed to yield untold riches for this... Continue Reading →
Re-Loaded Petrobras Board and Audited Results Coming, Levy Says By David Biller/Bloomberg 3:04 PM BRT April 20, 2015 Brazil’s state-run oil producer Petroleo Brasileiro SA has improved its management and should soon have a board “loaded” with people from the private sector, said Finance Minister Joaquim Levy. The expectation is for the company to release... Continue Reading →
Mon Apr 20, 2015 10:58am EDT As Petrobras scandal spreads, economic toll mounts for Brazil 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 March 4, 2015. REUTERS/SERGIO MORAES ITABORAÍ, Brazil (Reuters) - For the 20 men hanging... Continue Reading →
Halliburton Beats Estimates, Boosts Job Cuts After Oil Crash By David Wethe/Bloomberg 8:05 AM BRT April 20, 2015 Halliburton Co. beat analysts’ estimates and accelerated the pace of job cuts ahead of a planned $34.6 billion takeover of Baker Hughes Inc. Excluding certain items, the world’s second-biggest provider of oilfield services earned 49 cents a... Continue Reading →
Investors Grow Wary of Emerging-Market Debt Fear of defaults grows as developing economies slow and dollar has climbed As the U.S. Federal Reserve prepares to increase interest rates, the dollar has surged, raising concerns about the debt of some emerging-market companies that borrowed in dollars. PHOTO: ANDREW HARRER/BLOOMBERG NEWS By CAROLYN CUI/WSJ April 19, 2015 3:58 p.m. ET... Continue Reading →
http://www.ft.com/cms/s/0/214aec34-e72d-11e4-a01c-00144feab7de.html#ixzz3XqKpxCY8 April 20, 2015 9:09 am Petrobras and improving policy outlook help Brazil’s markets Joe Leahy in São Paulo ©Getty At the construction site of a wing of the prestigious Sirio-Libanes Hospital in São Paulo, a security guard recalls how workers from the Schahin industrial group suddenly left the project 15 days ago. The Brazilian... Continue Reading →
http://www.ft.com/cms/s/0/ac956eba-e56e-11e4-a02d-00144feab7de.html#ixzz3XmmUP5O7 April 19, 2015 3:04 pm Petrobras shares rise as company prepares to end results delay Joe Leahy and Samantha Pearson in São Paulo ©Getty Investor optimism is rising that Brazil’s embattled state-owned oil company Petrobras will emerge from a crippling corruption scandal without defaulting on its $137bn in debt. Shares of the state-owned oil company company... Continue Reading →
Halliburton’s Dimming Expectations Although the Halliburton-Baker Hughes deal looks different months later, it still makes sense. Baker Hughes, which Halliburton is buying, recently said it would stop publishing its closely watched North American well-count report in a cost-cutting measure. Baker Hughes, which Halliburton is buying, recently said it would stop publishing its closely watched North... Continue Reading →
Brazil Energy Insight 