Odebrecht Seeks Renewable-Energy Partners as Brazil Funds Dry Up By Vanessa Dezem / Bloomberg 8:00 AM BRT April 27, 2015 Odebrecht Energia, a unit of Brazilian construction giant Odebrecht SA, is seeking investors to buy stakes in its renewable-energy assets as credit conditions deteriorate in Brazil. The developer is in talks with four international pension... Continue Reading →
BP shareholders need protecting from David Cameron
http://www.ft.com/cms/s/0/2c803100-ecc2-11e4-b82f-00144feab7de.html#ixzz3YW3sP9Dw LOMBARD April 27, 2015 11:39 am BP shareholders need protecting from David Cameron Jonathan Guthrie/FT ©Reuters Call that a national champion? BP is a curious business to receive such a flattering title, via government protection from takeover. Its standout achievements in recent years have been dumping 200m barrels of oil in the Gulf of Mexico and allying itself... Continue Reading →
Oil E&Ps: spring sales
Δημοσιεύθηκε: 27 Απριλίου 2015 - 11:29 Oil E&Ps: spring sales Sometimes low prices do not attract shoppers. A catalyst is needed: clever marketing, word of mouth, something to give buyers confidence. For energy companies, it may a price increase - in the commodity, if not the companies themselves. Oil is up 39 per cent since January.... Continue Reading →
PetroChina, Sinopec Surge on Industry Merger Speculation
PetroChina, Sinopec Surge on Industry Merger Speculation By Aibing Guo / Bloomberg 1:31 AM BRT April 27, 2015 China Petroleum & Chemical Corp. (Sinopec) storage tanks stand in the Tsing Yi area of Hong Kong. Photographer: Jerome Favre/Bloomberg PetroChina Co. and China Petroleum & Chemical Corp., the nation’s two largest oil explorers, jumped by their... Continue Reading →
Brazil Analysts Cut 2015 GDP Forecast, Boost Inflation Estimate
Brazil Analysts Cut 2015 GDP Forecast, Boost Inflation Estimate By Mario Sergio Lima / Bloomberg 8:37 AM BRT April 27, 2015 Brazil analysts lowered their estimate for economic growth this year and raised their inflation prediction, as the government negotiates with Congress over fiscal moves to trim the budget deficit. Analysts cut their 2015 growth... Continue Reading →
UK government warns BP over potential takeover
http://www.ft.com/cms/s/0/06a3207e-e901-11e4-87fe-00144feab7de.html#ixzz3YRMJcvFy April 26, 2015 5:45 pm UK government warns BP over potential takeover George Parker and Christopher Adams/FT ©Reuters The British government has told BP it would oppose any potential takeover of the company, which was seriously weakened by the huge bill incurred after the Gulf of Mexico Deepwater Horizon disaster five years ago. Amid wider consolidation... Continue Reading →
The US shale revolution
April 24, 2015 11:50 am The US shale revolution Ed Crooks/FT How it changed the world (and why nothing will ever be the same again) Last summer, Juan Ramos had four jobs; now he has none. A year ago, feeling frustrated and underpaid working in health insurance in Florida, he was stirred by stories of... Continue Reading →
Brazil’s Finance Minister is working to restore confidence
Economist Learns Politics to Save Brazil’s President Brazil's Finance Minister is working to restore confidence By Raymond Colitt/Bloomberg 12:00 AM BRT April 24, 2015 Joaquim Levy, finance minister of Brazil, speaks at the Bloomberg Americas Monetary Summit in New York, on April 20, 2015. Michael Nagle/Bloomberg Brazilian Finance Minister Joaquim Levy got his economics training at... Continue Reading →
Petrobras Erases Corruption Probe Losses After Audited Results
Petrobras Erases Corruption Probe Losses After Audited Results By Julia Leite/Bloomberg 11:45 AM BRT April 24, 2015 Petroleo Brasileiro SA wiped out the stock plunge sparked by Brazil’s largest kickback investigation after releasing long-delayed earnings. The state-controlled oil driller rose as much as 6.7 percent to 13.78 reais on Friday, erasing losses accumulated since Nov.... Continue Reading →
Foreign borrowers wary of dollar rise
http://www.ft.com/cms/s/0/b1bdbd7c-e918-11e4-b7e8-00144feab7de.html#ixzz3YENesfgm Last updated: April 23, 2015 3:50 pm Foreign borrowers wary of dollar rise Elaine Moore and Roger Blitz ©Bloomberg China offered investors a cautionary tale this week of what can happen when a company borrows heavily in dollars. On Monday, Kaisa Group became the first Chinese property developer to default on its dollar-denominated bonds as a housing... Continue Reading →
Brazil Energy Insight 