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Fri Apr 10, 2015 5:37pm EDT IMF sees Brazil economy shrinking, growth hinging on austerity GOIANIA, BRAZIL | BY ALONSO SOTO A street vendor holds goods for sale among cars during a traffic jam in Rio de Janeiro March 19, 2015. REUTERS/RICARDO MORAES (Reuters) - The Brazilian economy will likely shrink this year, but the South American country could return... Continue Reading →
Brazilian Prosecutors Allege Corruption at Health Ministry, Caixa Economica Ghost companies were set up to channel funds to politicians, prosecutor says By ROGERIO JELMAYER and LUCIANA MAGALHAES/WSJ Updated April 10, 2015 11:28 a.m. ET SÃO PAULO—Brazilian prosecutors investigating corruption at state-controlled oil company Petroleo Brasileiro SA, or Petrobras, said Friday they have found evidence of fraud at the country’s... Continue Reading →
Oil Prices Rise Ahead of Data on Drilling Activity Rising dollar is pressuring oil prices The number of oil drilling rigs has declined for 17 consecutive weeks and stood at 802 last week, half of what it was just six months ago. By NICOLE FRIEDMAN And GEORGI KANTCHEV/WSJ Updated April 10, 2015 9:52 a.m. ET Oil... Continue Reading →
Shell’s $70 Billion Deal for BG Group Faces a Few Hurdles Blockbuster deal must contend with regulatory challenges in China and tough scrutiny from investors The combination of the two energy producers is subject to review by regulators. ILLUSTRATION: BLOOMBERG NEWS By SELINA WILLIAMS and SARAH KENT/WSJ April 9, 2015 8:06 p.m. ET LONDON—Royal Dutch Shell PLC’s $70 billion purchase of BG... Continue Reading →
Fri Apr 10, 2015 7:09am EDT Brazil police to arrest seven more in Petrobras corruption probe RIO DE JANEIRO A policeman stands in front of the Petrobras headquarters during a protest in Rio de Janeiro March 4, 2015. REUTERS/SERGIO MORAES (Reuters) - Brazil's federal police said it had issued seven arrest warrants on Friday in... Continue Reading →
http://www.ft.com/cms/s/0/bc9dd344-debe-11e4-8a01-00144feab7de.html#ixzz3WqeLuIIY April 9, 2015 6:43 pm Oil price holds key to success of Shell takeover David Oakley, Investment Correspondent/FT Sometimes one number is all that matters. In the case of the proposed takeover of BG Group by Royal Dutch Shell, that number is the oil price. In short, the success or failure of the blockbuster energy deal hinges on Shell’s long-term oil... Continue Reading →
Thu Apr 9, 2015 1:09pm EDT UPDATE 2-Fitch warns of possible Brazil downgrade as economy falters By Walter Brandimarte (Reuters) - Fitch Ratings on Thursday warned it may cut Brazil's credit rating in the next couple of years if the economy deteriorates further despite President Dilma Rousseff's efforts to correct macroeconomic imbalances. Fitch revised the outlook on Brazil's... Continue Reading →
These Charts and Maps Explain the Shell-BG Megadeal in Brazil By Julie Verhage/(Bloomberg) 8:55 AM BRT April 9, 2015 According to the deal presentation, Shell and BG's combined Brazilian production of about 150,000 boe/d in 2014 is forecast by management to increase to 550,000 boe/d by 2020, solidifying Shell's foothold in deepwater pre-salt oil offshore Brazil. It's not... Continue Reading →
Brazil’s Real Rises to One-Month High as Political Concern Eases By Paula Sambo 10:51 AM BRT April 9, 2015 (Bloomberg) Brazil’s real climbed to a one-month high as eased tension with Congress added to speculation that President Dilma Rousseff will succeed in paring deficits and preserving the nation’s investment-grade status. The real advanced 0.6 percent... Continue Reading →
PetroChina Catches Exxon as World’s Most-Valuable Oil Company By Aibing Guo 3:17 AM BRT April 9, 2015 Market values of PetroChina, Exxon since mid-2010 PetroChina Co. passed Exxon Mobil Corp. today as the biggest energy company by market value for the first time since 2010. As the attached chart shows, Exxon’s capitalization was $352.6 billion... Continue Reading →
Brazil Energy Insight 