Latin American corruption-busters have taken down many a tainted bigshot in recent years, but the fall of Peruvian President Pedro Pablo Kuczynski marks a new twist to the hemispheric reckoning. The former Wall Street executive denied any wrongdoing, claiming he was the victim of a “crisis of governability.” A bum’s rush might be the better description: Kuczynski’s... Continue Reading →

The world’s largest oil companies have survived a life-changing crisis, and are now poised to reap the rewards, Goldman Sachs Group Inc. said. Big Oil is in a sweet spot with rising oil prices and low operating costs, leaving them with the biggest cash-flow growth in two decades and boosting earnings, Goldman said in a... Continue Reading →

Pro-business candidates may be trumped by populist contenders in Brazil’s presidential election this year, frustrating investor expectations and the country’s economic potential, house speaker and presidential hopeful Rodrigo Maia told Bloomberg News. "You have candidates who believe in increasing expenditures as a way to stimulate the economy, and these candidates have a chance of winning,"... Continue Reading →

China Petroleum & Chemical Corp., the world’s biggest refiner, will pay a record-high dividend as its massive fuels and chemical segments helped boost annual profit about 10 percent. Net income climbed to 51.1 billion yuan ($8.1 billion), the company known as Sinopec said in a statement to the Hong Kong stock exchange Sunday. The company proposed a 0.5... Continue Reading →

Rio de Janeiro, March 26, 2018 – Petróleo Brasileiro S.A. – Petrobras reports that it has signed on 3/23/2018 with Banco do Brasil a revolving credit facility in the amount of R$ 2 billion, with maturity in February 2023. Through the instrument, the company may draw from the line until the month prior to maturity.... Continue Reading →

  March 23, 2018 Total E & P do Brasil, a subsidiary of Total Group, completed its first oil loading operations in the Lapa and Mero fields, located in the Santos Basin pre-salt. In the first operation, Total received 690,000 barrels of oil from the FPSO Cidade de Caraguatatuba, in the Lapa field, related to... Continue Reading →

Oil and gas companies are gathering in Mexico and Brazil this week for what may be two of their last chances to compete for some of the world’s biggest reserves ahead of elections that could dial back energy reforms in both countries. Read more

Argentina is readying a tender for a $500 million train line that could help unlock the potential of Vaca Muerta, one of the world’s biggest shale plays, Transport Minister Guillermo Dietrich said in an interview. The train would link towns in the heart of the Patagonian shale field to the Atlantic port of Bahia Blanca... Continue Reading →

March 23, 2018 Petrobras contracted with the Shandong Kerui Consortium and Potential Method to retake the works of the Comperj Natural Gas Processing Unit (NGPU) in Itaboraí, Rio de Janeiro. The contract, valued at around R$2 billion, was signed on the 22nd of March by representatives of the companies. The goal is for the unit... Continue Reading →