Brazilian central bank governor Ilan Goldfajn is getting the thumbs-up from investors to cut the country’s benchmark interest rate to a record low on Wednesday.  With inflation well within the target range, idle capacity, and fewer price distortions, Goldfajn can bring the country’s Selic rate to 7 percent, around half of the level just over... Continue Reading →

Brazil’s largest multi-mode private terminal will be renamed DP World Santos Published: 17:52 December 4, 2017 Gulf News DP World has completed full acquisition of Brazil’s Embraport, buying an additional 66.67 per cent stake from Odebrecht Transport to give it 100 per cent of the terminal. The terminal, in the Port of Santos, is Brazil’s... Continue Reading →

BRASILIA (Reuters) - Former Brazilian senator and environmental minister Marina Silva said on Saturday that she would seek her party’s nomination to run for president next year. Read more

Graña y Montero S.A.A (NYSE:GRAM) (BVL:GRAMONC1) a leading Engineering and Construction company, expresses its full cooperation with the actions of the Office of the Prosecutor regarding investigations into the projects in which our company, along with other Peruvian companies, participated as a partner with the Brazilian company Odebrecht. Read more

SAO PAULO (Reuters) - Brazil’s Copersucar, one of the world’s largest ethanol merchants, and BP’s Brazil unit said on Thursday they will form a 50-50 logistics joint venture in the country. The venture will operate Copersucar’s recently built ethanol storage complex in the Brazilian city of Paulínia, the country’s largest fuels hub. The announcement comes... Continue Reading →

OPEC agreed to extend its oil-production cuts to the end of next year as the job of rebalancing the market is not yet done, according to delegates at a ministerial meeting in Vienna.  Talks have now moved on to the mechanism that will be used to review the agreement in mid-2018, the delegates said, asking... Continue Reading →

  The board of the ANP approved on November 28 the beginning of the process of permanent supply of areas for exploration and production of oil and natural gas. The process, provided for in article 4 of CNPE Resolution 17/2017, provides for the continuous supply of fields returned (or in the process of being returned),... Continue Reading →

Norwegian shipping company Siem Offshore has ended negotiations to sell its cable lay business at the same time revealing the identity of the interested party. The shipping company revealed it was in negotiations with an unnamed potential buyer for its cable lay business Siem Offshore Contractors GmbH earlier in November. However, these talks have now been terminated,... Continue Reading →

Brazil’s lower house of Congress on Wednesday approved the basic text of a decree that extends for 20 years a preferential customs regime for the oil industry, a measure that has helped make Brazil attractive again to major global oil companies. The chamber must still vote next week on several amendments to the presidential decree,... Continue Reading →

The ANP presents the publication of the booklet "Oil and Gas Opportunities in Brazil 2017 - 2019 Bidding Rounds" that provides information on the areas for exploration and production to be offered in the 14th, 15th and 16th Bidding Rounds in the concession regime and also the areas of the 2nd, 3rd, 4th and 5th... Continue Reading →