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Oil prices Unconventional but normal The fall in the oil price has not curbed fracking nearly as much as expected Apr 18th 2015 | From the print edition The Economist WHEN the oil price crashed last year, many assumed that the earliest casualties would be the small, nimble American companies that specialise in getting “unconventional” oil out... Continue Reading →
Statoil Chief Say More Oil Deals Likely After Shell-BG Merger By William Kennedy/Bloomberg 1:25 PM BRT April 17, 2015 The chief executive officer of Norway’s largest oil producer said the industry will probably see more deals after Royal Dutch Shell Plc’s $70 billion to BG Plc, especially if crude prices remain depressed. “All player are... Continue Reading →
Shell Said to Hire Barclays to Arrange $15 Billion BG Loan By Stephen Morris/Bloomberg 10:51 AM BRT April 17, 2015 Royal Dutch Shell Plc hired Barclays Plc to help arrange a 10 billion pound ($15 billion) loan to help fund its purchase of BG Group Plc, two people with knowledge of the matter said. The... Continue Reading →
Schlumberger Profit Falls 39%, Capex, Jobs Cut Schlumberger cut 11,000 more jobs, leading to a total reduction of about 15% compared to the peak of the third quarter of 2014 By LISA BEILFUSS/WSJ April 16, 2015 4:58 p.m. ET Schlumberger Ltd. reported a 39% decline in first-quarter earnings and announced further layoffs, as lower oil... Continue Reading →
4/16/2015 @ 3:56PM For the 2018 Brazilian Election, Levy Might Just Be the Man Who Can Change the Game Arthur Pinheiro Machado/Contributor/Forbes For an outside observer, it is very difficult to understand Brazilian politics. There are about 32 parties; 21 currently support the government and 11 are in opposition. It is even more difficult to understand... Continue Reading →
Protests in Brazil Tropical tea party The crowds are smaller, but they are not going away Apr 18th 2015 | SÃO PAULO | From the print edition The Economist BY NEARLY any standard, the protests to denounce the president, Dilma Rousseff, and to rail against corruption in Brazil were huge. Some 660,000 people turned out on April 12th, in... Continue Reading →
Thu Apr 16, 2015 3:20pm EDT Exclusive: Petrobras to cut investments 20 pct in new 5-year plan - source RIO DE JANEIRO (Reuters) - Brazil's state-run oil company Petrobras is planning to cut investments by around 20 percent in a 2015-2019 business plan to be announced next month, compared to its last five-year plan, a... Continue Reading →
U.S. Crude Output Rose to 42-Year High in March, Increasing Glut By Mark Shenk/Bloomberg 4:00 PM BRT April 16, 2015 The U.S. pumped crude last month at the fastest pace since February 1973, sending March inventories to the highest level in 85 years. Crude output climbed 13 percent from a year earlier to 9.32 million... Continue Reading →
http://www.ft.com/cms/s/0/48eb2bfa-e3ea-11e4-b407-00144feab7de.html#ixzz3XVDLePJM April 16, 2015 4:49 pm Dilma Rousseff accused of ‘outsourcing’ top government posts Joe Leahy in São Paulo/FT Crisis-hit Brazilian president weighs benefit of giving up control of key roles ©EPA/Sebastiao Moreira Demonstrators protest in São Paulo over the Petrobras scandal T he atmosphere at São Paulo’s mass political protests against President Dilma Rousseff’s government was... Continue Reading →
Brazilian Currency Rises to Six-Week High on Fed Policy Outlook By Filipe Pacheco/Bloomberg 10:00 AM BRT April 16, 2015 Brazil’s real climbed to a six-week high after a U.S. housing report added to speculation that the Federal Reserve will keep borrowing costs low for a longer period of time, supporting emerging markets. The currency rose... Continue Reading →
Brazil Energy Insight 