Thu Apr 23, 2015 2:04 pm EDT UPDATE 1-Shell's Brazil strategy factors in Petrobras scandal -CEO By Anthony Boadle (Reuters) - Royal Dutch Shell Plc has taken into account the risks presented by the Petrobras graft scandal to its expanding operations in Brazil and is confident the Brazilian state-run oil company will emerge stronger, Shell's... Continue Reading →
Halliburton’s Asset Sales Attracting Caterpillar to GE
Halliburton’s Asset Sales Attracting Caterpillar to GE By Matthew Monks / Bloomberg 5:40 PM BRT April 23, 2015 The largest industrial companies in the world, from Caterpillar Inc. to Honeywell International Inc., are about to get a rare chance to go big on oil. They’re among more than half a dozen manufacturers -- including Siemens... Continue Reading →
Petrobras takes $17 billion charge in wake of scandal, promises ‘normality’
Wed Apr 22, 2015 10:09 pm EDT Petrobras takes $17 billion charge in wake of scandal, promises 'normality' RIO DE JANEIRO Petroleo Brasileiro S.A President Aldemir Bendine (C) and his board present the company's 2014 results in Rio de Janeiro April 22, 2015. REUTERS/RICARDO MORAES (Reuters) - Brazilian state-run oil company Petrobras reported its biggest-ever... Continue Reading →
CORRECTED-UPDATE 2-Dutch engineer Arcadis collateral victim of Brazil scandals
Thu Apr 23, 2015 8:43am EDT CORRECTED-UPDATE 2-Dutch engineer Arcadis collateral victim of Brazil scandals (Corrects name of chief executive to Neil McArthur, not Ian) * Revenues from Brazil down 15 percent * On track for "significant" 2015 profit rise * Shares down 3 percent By Thomas Escritt AMSTERDAM, April 23 (Reuters) - A sharp... Continue Reading →
Petrobras says has no plans to increase capital, convert debt
| Thu Apr 23, 2015 11:20am EDT Petrobras says has no plans to increase capital, convert debt RIO DE JANEIRO (Reuters) - Brazil's state-run oil company Petrobras currently has no plans to increase capital or convert debt to equity after taking a $17 billion write-down in the wake of a massive corruption scandal, a company... Continue Reading →
Brazil’s Real Drops From Seven-Week High After Petrobras Results
Brazil’s Real Drops From Seven-Week High After Petrobras Results by Filipe Pacheco/Bloomberg 10:26 AM BRT April 23, 2015 Brazil’s real dropped from a seven-week high after the state-controlled oil producer published audited results for the first time since August, reporting that a corruption scandal cost $2.1 billion. The real declined for the first time in... Continue Reading →
Brazil’s Petrobras Reports Nearly $17 Billion Impairment on Assets, Corruption
Brazil’s Petrobras Reports Nearly $17 Billion Impairment on Assets, Corruption State-run oil company writes off $2.1 billion of alleged bribe payments Petrobras’s disclosures Wednesday were part of the first audited financial statements released by the oil company in more than eight months Petrobras’s disclosures Wednesday were part of the first audited financial statements released by... Continue Reading →
Brazil’s OAS says scandal, restructuring to halve revenue
Wed Apr 22, 2015 3:56 pm EDT Brazil's OAS says scandal, restructuring to halve revenue SAO PAULO, APRIL 22 (Reuters) - Brazilian engineering conglomerate Grupo OAS expects revenue to shrink more than 50 percent by 2017 as it sells operations and refocuses on civil construction after filing for bankruptcy protection due to a bribery scandal... Continue Reading →
U.S. Oil Industry’s Battle Cry: Exports Now!
U.S. Oil Industry’s Battle Cry: Exports Now! As Crude Prices Remain Weak, Push Intensifies for Reversing Decades-Old Ban on Sales Abroad U.S. oil prices have fallen by half, to around $56 a barrel, since their peak last June. Currently, the global price is almost $7 a barrel higher. PHOTO: REUTERS By LYNN COOK And LESLIE EATON/WSJ April 22, 2015... Continue Reading →
Half of U.S. Fracking Companies Will Be Dead or Sold This Year
Half of U.S. Fracking Companies Will Be Dead or Sold This Year By David Wethe / Bloomberg 1:21 PM BRT April 22, 2015 Half of the 41 fracking companies operating in the U.S. will be dead or sold by year-end because of slashed spending by oil companies, an executive with Weatherford International Plc said. There... Continue Reading →
Brazil Energy Insight 