Brought to you by Quest Offshore & Southern Cone Consultants
http://www.ft.com/cms/s/0/fc43ddc6-f94f-11e4-be7b-00144feab7de.html#ixzz3a8zJDLZN May 14, 2015 7:30 pm Brazil: Oily mess Joe Leahy/FT A multi-billion dollar bribery scandal at Petrobras has shaken the ruling Workers’ party and former president Lula da Silva In Brazil’s hyper-consumerist society, people are accustomed to paying for everything in instalments, from fridges and televisions to silicon breast implants. But less commonly known... Continue Reading →
Wed May 13, 2015 5:00pm EDT Petrobras to use Edison Chouest offshore base at Brazil's Açu port RIO DE JANEIRO/Reuters May 13 Brazil's state-run oil company Petrobras will use offshore docks operated by U.S. ship-leasing company Edison Chouest to handle oil-service vessels at the Brazilian Port of Açu, the head of the company that owns... Continue Reading →
http://www.ft.com/cms/s/0/32ab70fe-e2c1-11e4-bf4b-00144feab7de.html#ixzz3a6gH1A1D May 14, 2015 11:08 am Petrobras scandal looms large in Shell’s plan to buy BG Group Joe Leahy in São Paulo, Jamie Smyth in Sydney, Christopher Adams in London/FT ©Getty As Royal Dutch Shell seeks to finalise its £55bn takeover of smaller UK-based rival BG Group, it will be closely watching the situation at Petrobras, Brazil’s state-controlled oil company that... Continue Reading →
Wed May 13, 2015 10:46am EDT Brazil's Petrobras expects to export 350,000 bpd in 2015 RIO DE JANEIRO/Reuters May 13 Brazil's state-run oil company Petroleo Brasileiro SA expects to export 350,000 barrels of petroleum per day in 2015, crude oil manager Fernando Colares Nogueira said at an event on Wednesday. At the same event, the... Continue Reading →
Wed May 13, 2015 10:14am EDT Brazilian CEO to sign plea deal in Petrobras case -paper SAO PAULO/Reuters May 13 The head of Brazilian construction firm UTC Engenharia will sign a plea bargain deal with prosecutors, newspaper Folha de S. Paulo said on Wednesday, making him the highest-level executive to collaborate with a corruption... Continue Reading →
Petrobras announced that on April 11, 2015 the pre salt production hit a new milestone of 800 thousand bpd, eight years after the discovery of the pre salt fields. Petrobras is responsible for 74% ( 590 thousand bpd) of the production while other operators are responsible for the rest. More to come...
Petrobras/R$ 157 million recovered by Lava Jato Operation Rio de Janeiro, May 12, 2015 - Petróleo Brasileiro S.A. – Petrobras announces that today R$ 157 million in funds repatriated by Brazil’s Federal Prosecutor as a result of Operation Lava Jato were made available for the Company. This is the first reimbursement of funds to the... Continue Reading →
Tue May 12, 2015 8:31am EDT Petrobras prepares Brazil domestic bond offering, sources say SAO PAULO/Reuters May 12 Petróleo Brasileiro SA is preparing an offering of debt notes in Brazil's domestic markets that could be sold as early as next week, two sources with direct knowledge of the situation said on Tuesday. Rio de Janeiro-based... Continue Reading →
Buy-Brazil Rules Said to Be Eased in Plan to Spur Oil Projects by Sabrina Valle/Bloomberg 12:00 AM BRT May 12, 2015 Energy Minister Eduardo Braga Energy Minister Eduardo Braga said May 3, “There’s no way Petrobras can do all the investments needed for the Brazilian economy.” Photographer: Wenderson Araujo/AFP via Getty Images Brazil is preparing... Continue Reading →
http://www.ft.com/cms/s/0/2e41877e-d3df-11e4-99bd-00144feab7de.html#ixzz3ZujXC79n May 12, 2015 12:16 am Petrobras fallout and poor growth add to pressure on Rousseff/FT Special Report Joe Leahy/FT ©Nelson Almeida/AFP On the march: demonstrators against President Dilma Rousseff Late last year, São Paulo’s Museu da Casa Brasileira, a design museum, staged an exhibition, “Excelência Italiana” (Italian excellence). On the way in, guests could... Continue Reading →
