Tue May 23, 2017   Odebrecht Óleo & Gás SA, the offshore oil drilling firm owned by Brazil's Odebrecht SA, reached an agreement with more than 60 percent of its creditors for a restructuring of about $5 billion in debt, it said in a statement on Tuesday. OOG, as the company is known, had told Reuters... Continue Reading →

Brazil's annualized inflation rate likely eased below 4 percent in the middle of May for the first time in nearly ten years, according to economists surveyed by Reuters, leaving conditions ripe for the central bank to cut interest rates at the end of this month despite growing political uncertainty. Brazilian consumer prices likely rose just... Continue Reading →

Brazilian assets resumed a selloff Monday as investors fled what had been one of the most popular trades in emerging markets. The real and local stocks were among the world’s worst performers as President Michel Temer’s support deteriorated further over the weekend, days after an audio recording emerged in which he appeared to endorse illegal... Continue Reading →

May 19th, 2017 Wärtsilä is forming partnerships with a number of shipyards to assist in meeting new International Maritime Organization (IMO) standards that will come into effect in September this year for the management of ballast water in ships. According to the Finnish company, the objective is to provide shipowners and operators with all the... Continue Reading →

Demonstrators gathered across Brazil on Sunday to call for the resignation or ouster of President Michel Temer who is implicated in a widening corruption scandal that is undermining his government's fragile efforts to end a historic recession. Scattered demonstrations took place in cities including São Paulo and Rio de Janeiro, where hundreds of demonstrators marched... Continue Reading →

Brazil's Supreme Court released explosive plea-bargain testimony on Friday accusing President Michel Temer, along with former presidents Luiz Inacio Lula da Silva and Dilma Rousseff, of receiving millions in bribes. The testimony raises serious doubts about whether Temer, who replaced the impeached Rousseff last year, can maintain his grip on the presidency amid the string... Continue Reading →

In the three years since Brazil’s sweeping corruption scandal exploded, there’s been plenty of jaw-dropping moments. But even in a nation hardened to allegations of crooked politicians and businessmen on the take, the latest crisis came as a shock. The details trickling out often seem straight out of a best-selling political thriller: A president accused... Continue Reading →

19/05 / 2017 ABEGAS The ANP has been for more than three years without issuing permits for the operation of new gas pipelines in the country. The last authorization was issued in February 2014 for the facilities of the LNG Regasification Terminal of Bahia, a Petrobras project that has a pipeline of 43 km with... Continue Reading →

18. May, 2017 The French company Total is authorized to export oil produced in Brazil. The permit was granted this week by the National Petroleum Agency (ANP). Although Total has no production in the country, according to data provided by the ANP. The French company owns a 22.5% share of the block BM-S-11, where the... Continue Reading →

Ratings agency Fitch has maintained Brazil's speculative credit rating on Friday (19), citing uncertainties in the economy's recovery and structural weakness in finance. The outlook remains negative, which means that there may be downgrades in the coming months if the agency understands that the conditions indicated have not improved. The note was kept in "BB",... Continue Reading →