Mexican state-owned oil company Pemex plans to accelerate the establishment of farm-out arrangements and associations in a push to increase crude oil output and bring reserves online. In words of the company, this mechanism will allow it to increase investments, enhance competitiveness and optimize how it spreads financial and technological risks. Read more

Brazil's top electoral court dismissed a case on Friday that threatened to unseat President Michel Temer for alleged illegal campaign funding in the 2014 election, when he was the running mate of impeached President Dilma Rousseff. The ruling gives Temer some breathing room but will not end a political crisis enveloping the beleaguered center-right leader.... Continue Reading →

Brazil is mulling the extension of a special customs regime for the oil industry in a move aimed at maintaining the country's appeal to major global energy firms, according to three sources with knowledge of the matter. The so-called Repetro regime, which applies to export and import of goods used in oil production and related... Continue Reading →

Brazil’s top electoral court this week has resumed ruling on allegations the winners of the 2014 election benefited from illegal campaign financing, a decision that could potentially force President Michel Temer out of office. The case began when the losing party filed a lawsuit against then President Dilma Rousseff and Vice President Temer with the... Continue Reading →

Brazil's top electoral court on Friday was poised to toss out a case alleging that President Michel Temer used illegal campaign funding in 2014, giving the beleaguered leader some breathing room even as he faces a separate corruption investigation. One justice on Brazil's seven-member Supreme Electoral Court (TSE) voted to annul the election victory of... Continue Reading →

  Thursday, June 8, 2017 RIO DE JANEIRO, Brazil (Reuters) - Brazil will become more agile and dynamic in offering areas for oil and gas exploration and production, based on a new policy approved Thursday by the government, fostering mainly the activity of small and medium-sized companies, Décio Oddone, director general of the National Agency for... Continue Reading →

The majority of judges on Brazil's top electoral court argued on Thursday to exclude testimony by construction executives on illegal campaign funding, suggesting they could throw out a case that has threatened to force President Michel Temer from office. Exclusion of the plea bargain testimonies from Odebrecht SA executives by the Supreme Electoral Tribunal would... Continue Reading →

Rio de Janeiro, June 8, 2017 - Petróleo Brasileiro S.A. – Petrobras, further to the material fact disclosed on March 9, 2017, reports that yesterday, the Full Bench of the Federal Regional Court for the 5th Region, in ruling on an appeal filed by the plaintiff, upheld the suspension of the injunction order to interrupt... Continue Reading →

Brazilian President Michel Temer's proposal to modernize the labor market was approved by the Senate's economic affairs committee on Tuesday, clearing an important hurdle despite a political crisis that has jeopardized the government's reforms agenda. The committee passed the bill 14-11. The proposal still needs the approval of two other Senate committees before it reaches... Continue Reading →