Engie Brasil is the largest private power generator in the country with 9.3 gigawatts of total capacity. It is only behind state-controlled power holding company Centrais Elétricas Brasileiras SA in generation capacity. ....opportunities in natural gas should arise as state-run oil firm Petróleo Brasileiro SA advances in its divestment program, which includes the sale of... Continue Reading →

State-owned oil company Pemex said on Wednesday that Mexican prosecutors have called for testimony from Pemex officials in an investigation of a bribery scandal around Brazil-based builder Odebrecht. Pemex said in a statement that Mexico's attorney general's office on April 3 had requested testimony from company officials, whom Pemex did not name, as well as... Continue Reading →

Brazil's annual inflation rate is likely to hit a 6-1/2 year low and approach the government target, helped by easing food costs and moderating increases in the price of imports as the Brazilian currency strengthens, a Reuters poll showed on Wednesday. Consumer prices were seen rising 4.57 percent in the 12 months through March, down... Continue Reading →

Seadrill Ltd., the offshore driller controlled by billionaire John Fredriksen, fell 38 percent after warning its shareholders and bond investors they can expect steep losses in a debt restructuring process that was extended once again. The stock slumped 5.28 kroner to close at 8.69 kroner in Oslo on Tuesday, the lowest since it was listed in... Continue Reading →

Brazil's top electoral court on Tuesday delayed proceedings in a landmark trial about illegal campaign funding that could lead to the removal of President Michel Temer less than a year after he took over from impeached leftist Dilma Rousseff. The Supreme Electoral Tribunal (TSE) decided to postpone a verdict until at least May to hear... Continue Reading →

  Expectations are that investments in the fields will be around R $ 250 billion BY BRUNO ROSA/Globo 03/04/2017 4:30 / UPDATED 03/03/2017 8:10 RIO - The world's leading oil companies have started a marathon of meetings at Petrobras with an eye on the next four pre-salt auctions that the Brazilian government intends to do... Continue Reading →

Two landmark corruption trials and the first hurdle for a crucial pension reform mean that April could make or break Brazilian President Michel Temer's presidency, or bring it to an abrupt end. A Supreme Court judge is due to lift the seal on plea bargain testimony that could lead to the dismissal of five ministers.... Continue Reading →

Bonds of Odebrecht SA on Friday hit their lowest level in more than six months as investors feared the spillover of the Brazilian engineering conglomerate's involvement in a bribery scandal could hamper planned asset sales and the procurement of new contracts across Latin America. Investors have grown concerned about Odebrecht since Feb. 22, when Reuters... Continue Reading →