Shell in Talks to Buy BG Group By William Wade Aaron Kirchfeld 6:07 PM BRT April 7, 2015 Royal Dutch Shell Plc is in talks to acquire BG Group Plc in what would be the largest energy deal this year, according to a person with knowledge of the matter. The source asked not to be... Continue Reading →
U.S. Oil Prices Rise to 2015 High
U.S. Oil Prices Rise to 2015 High Crude gains on expectations that growing U.S. production and stockpiles are near their peaks A manifold system is used to direct oil around the Enbridge Inc. Cushing storage terminal, Oklahoma, U.S. Investors are awaiting U.S. oil supply data A manifold system is used to direct oil around the... Continue Reading →
Brazil Probes Alleged Mass Tax Fraud/Where does it stop??
Brazil Probes Alleged Mass Tax Fraud Brazilian tax authorities allegedly solicited bribes from major companies in exchange for reducing their liabilities Union members clashed with the police during a demonstration in support of President Dilma Rousseff in front of the National Congress in Brasília. The leader’s popularity has fallen amid a poor economy and a... Continue Reading →
Shell in Talks to Buy BG Group
Shell in Talks to Buy BG Group Deal for gas producer, which has $46 billion market cap, would be one of year’s biggest Royal Dutch Shell is in talks to acquire BG Group, according to people familiar with the matter. PHOTO: ASSOCIATED PRESS By DANA MATTIOLI And SHAYNDI RAICE/WSJ Updated April 7, 2015 4:32 p.m. ET Royal Dutch... Continue Reading →
Petrobras expects a $14.3 bln loss on Comperj refinery -O Globo
Tue Apr 7, 2015 10:37am EDT Petrobras expects a $14.3 bln loss on Comperj refinery -O Globo RIO DE JANEIRO, APRIL 7 (Reuters) - Brazil's state-run oil company Petrobras will lose at least $14.3 billion on its unfinished Comperj refinery, nearly 12 times more than the plant is expected to earn from operations over its... Continue Reading →
Sete Brasil signs memorandum suspending debt for 90 days
Mon Apr 6, 2015 4:47pm EDT Sete Brasil signs memorandum suspending debt for 90 days SAO PAULO, APRIL 6 (Reuters) - Brazilian oil rig producer Sete Brasil Participações SA said on Monday it signed a memorandum of understanding with its main creditors on March 31 that will suspend debt collection rights for 90 days. Earlier... Continue Reading →
Here’s How The Petrobras Scandal Is Helping Destroy Brazil’s Job Market
4/05/2015 @ 10:02PM 5,962 views Here's How The Petrobras Scandal Is Helping Destroy Brazil's Job Market Kenneth Rapoza/Forbes Brazil’s economy is expected to contract this year. But the biggest downer in the country is the enormous Petrobras scandal that is pulling the rug out from under thousands of low skilled workers. Civil construction is an important economic sector in... Continue Reading →
Here’s How Much Petrobras ‘Partners-in-Crime’ Lost In Oil Scandal
4/06/2015 @ 5:17PM 2,354 views Here's How Much Petrobras 'Partners-in-Crime' Lost In Oil Scandal Kenneth Rapoza /Forbes The Petrobras oil scandal is taking billions of dollars out of the coffers of construction majors that colluded with the Brazilian state-owned company in a decades old fraud scheme. But they are not the only ones feeling the pain. All told, five... Continue Reading →
Petrobras Probe Spurs Regulatory Fight on Leniency for Suppliers
Petrobras Probe Spurs Regulatory Fight on Leniency for Suppliers By Anna Edgerton 11:13 PM BRT April 6, 2015 Attorney General Luis Inacio Adams, seen here, said, “Of course companies need to be punished. They have to go through a process that’s perhaps traumatic to recover from. But that traumatic process shouldn’t necessarily mean the death... Continue Reading →
Petrobras Suppliers Negotiate Chinese Credit Deal, Chamber Says
Petrobras Suppliers Negotiate Chinese Credit Deal, Chamber Says By Peter Millard 6:04 PM BRT April 6, 2015 A group of Petroleo Brasileiro SA suppliers is negotiating about $3.5 billion in loans from Chinese institutions as China expands support for Brazil’s oil industry, the Brazil-China Chamber of Commerce & Industry said. About half of the more... Continue Reading →
