March 27, 2018 The Program to Stimulate the Competitiveness of the Productive Chain, to the Development and Improvement of Suppliers of the Oil and Natural Gas Sector (Pedefor) proposed, from a resolution published on Tuesday, that local content indexes for the regulation of the waiver for projects tendered up to the thirteenth round, in addition... Continue Reading →

A Brazilian appeals court rejected on Monday final procedural objections raised by lawyers of former leftist President Luiz Inacio Lula da Silva against his conviction for corruption, raising the possibility that he will soon be jailed. Read more

Brazil’s Finance Minister Henrique Meirelles has decided to resign next week and attempt to run for president or be President Michel Temer’s running mate if he makes a bid, government sources and a ruling party leader said on Monday. Read more

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 →