A majority of Brazil’s Supreme Court rejected a request by lawyers for Michel Temer to suspend the criminal charges filed against him, a decision which may actually benefit the president by paving the way for a swift resolution to the case. The bulk of the court’s 11 judges voted to throw out the defense’s argument... Continue Reading →

French oil major Total which recently announced the acquisition of Maersk Oil for $7.45 billion, is also investing in energy efficiency and renewables businesses. The company on Tuesday announced a partnership with EREN Renewable Energy to expand its renewable business. On the same day, Total said it had acquired GreenFlex, a French company specialized in... Continue Reading →

Brazil’s new top federal prosecutor on Tuesday reshuffled the team of investigators in charge of pursuing the biggest corruption probe yet conducted in Latin America’s largest nation. Prosecutor General Raquel Dodge, who took over the post on Monday after the end of her predecessor Rodrigo Janot’s term, had previously invited all the members of Janot’s... Continue Reading →

  19/09/2017 The vessel "Abdias Nascimento" was delivered by the Atlantico Sul Shipyard to Transpetro and started operations on the 14 having its destination on its first trip to the Campos Basin. At 274 meters in length, the ship has a loading capacity of 1 million barrels of oil and is ready to operate in... Continue Reading →

RIO DE JANEIRO, BRAZIL – September 18, 2017 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) today announced the pricing of two series of global notes denominated in U.S. Dollars (the “New Money Notes”) to be issued by its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”).  As previously announced in Petrobras’s press release dated... Continue Reading →

The new prosecutor general tasked with leading Brazil’s anti-corruption drive was sworn in on Monday, and said she would continue her predecessor’s campaign against graft in Latin America’s biggest nation. Raquel Dodge took over as head of the prosecutor-general’s office from Rodrigo Janot, during whose tenure investigators uncovered Brazil’s largest graft scheme, involving billions of... Continue Reading →

Brazilian President Michel Temer was charged with obstruction of justice and racketeering on Thursday, according to a statement posted on the prosecutor general’s office website, threatening to delay the government’s economic reform agenda in Congress. It is the second set of criminal charges filed against the president based on the plea-bargain testimony of the owners... Continue Reading →

(Reuters) - The Brazilian unit of Royal Dutch Shell PLC will invest $2 billion per year in the country through 2020, Flávio Rodrigues, the unit’s director of government relations and regulatory affairs, said at an industry event on Thursday. The investment plan does not include potential bids for oil exploration areas, he said, which the... Continue Reading →

(Reuters) - Economic activity in Brazil expanded at a faster pace than expected in July, suggesting the economy got off to a solid start to the third quarter despite a string of mixed reports. Economic activity rose 0.41 percent in July after seasonal adjustments. The median forecast in a Reuters poll indicated a 0.10 percent... Continue Reading →