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The real fell 1.1 percent to 3.1383 per dollar at 3:22 p.m. in Sao Paulo. One-month implied volatility on options for the real, reflecting projected shifts in the exchange rate, remained the highest among 16 major tenders. Read More
Brazilian President Dilma Rousseff’s approval rating decreased in a poll conducted by Ibope amid a shrinking economy and a growing corruption scandal. The president’s administration approval rating on June 18-21 was 15 percent compared with 19 percent in the previous poll in March, according to Ibope. Contracted by the National Confederation of Industry, the survey... Continue Reading →
Fitch Ratings cut the ratings on Brazilian builders Odebrecht Engenharia e Construcao SA and Construtora Andrade Gutierrez SA as the nation’s largest corruption probe continues to widen. Odebrecht Engenharia was downgraded to BBB-, the lowest level of investment grade, while Andrade Gutierrez was cut to junk at BB+. Both ratings have a negative outlook, Fitch... Continue Reading →
Massive downward revisions to oil output in Brazil and Iraq have increased the risks for oil markets of going from the current feast to famine within just a few years, leading to a price spike that would give a new boost to the U.S. shale industry. Brazil and Iraq had been expected to add over... Continue Reading →
Brazil posted its widest budget deficit before interest payments of the year last month as slower growth erodes tax collection. The real strengthened 0.7 percent to 3.0961 per U.S. dollar at 10:40 a.m. local time. Read More
Attached is the English version of the press presentation of the 2015-2019 Petrobras Business Plan petrobras business plan press presentation
Technip selected by Jurong Shipyard Pte Ltd for a FPSO conversion contract Leveraging its expertise in mastering design of all platform types June 30, 2015 01:00 AM Eastern Daylight Time PARIS--(BUSINESS WIRE)--Regulatory News: Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) has been awarded a topsides detailed engineering and procurement services contract by Jurong Shipyard Pte Ltd. The project is... Continue Reading →
Crude oil’s plunge is leaving drilling rigs idle from Africa to Latin America as the world’s biggest energy companies curtail spending and stall projects. Their smaller rivals are seizing the opportunity to gain ground. Read More
(Reuters) - Brazil's state-run oil company Petrobras slashed its long-term spending plan to the lowest level in eight years on Monday as new management moved to reduce the industry's largest debt burden and restore confidence after a devastating corruption scandal. Read More
Brazilian President Dilma Rousseff has one core task to achieve on her visit to New York next week. The statist policies of her first term, together with falling commodity prices, helped tank Latin America’s biggest economy. She has adopted a more market-friendly persona during the first six months of her second term – but U.S.... Continue Reading →
Brazil Energy Insight 