ANP (Brasil) (Agência Nacional do Petróleo, Gás Natural e Biocombustíveis) April 2, 2015 Regulatory agency that oversees activities undertaken by the oil, natural gas and biofuel industries in Brazil. Reports that oil production in Brazil for February/2015 was up 16.3% to 2.431 mm barrels per day compared to same month last year. The pre salt fields... Continue Reading →
Emerging markets: The great unravelling
http://www.ft.com/cms/s/2/ddd8caf0-d86a-11e4-ba53-00144feab7de.html#ixzz3WBnUYDMC April 1, 2015 7:27 pm Emerging markets: The great unravelling James Kynge and Jonathan Wheatley/FT Developing economies are suffering their biggest capital outflows since the financial crisis Faced with recession, decade- high inflation, a fiscal crisis and water rationing, more than 1m Brazilians took to the streets last month to protest against corruption and... Continue Reading →
Poll blow to Rousseff over austerity plan
http://www.ft.com/cms/s/0/9a1e0e12-d8c2-11e4-8a23-00144feab7de.html#ixzz3WBYXzguZ April 2, 2015 12:42 am Poll blow to Rousseff over austerity plan ©AFP Joe Leahy in São Paulo/FT Dilma Rousseff’s popularity has fallen to its lowest level in more than four years as Brazilians reject her government’s austerity programme. The findings from a CNI-Ibope poll, which fit with those of other surveys and follow... Continue Reading →
HSBC Sues Brazil’s Schahin for $55 Million of Unpaid Notes
HSBC Sues Brazil’s Schahin for $55 Million of Unpaid Notes By Francisco Marcelino Filipe Pacheco 3:15 PM BRT April 2, 2015 HSBC Holdings Plc is suing Schahin Engenharia SA, a supplier to Brazilian oil producers, for 173.6 million reais ($55 million) related to unpaid promissory notes. The claim, which was filed in Sao Paulo on... Continue Reading →
Brazil Real Extends Year’s Biggest Weekly Gain on Fiscal Outlook
Brazil Real Extends Year’s Biggest Weekly Gain on Fiscal Outlook By Paula Sambo 10:50 AM BRT April 2, 2015 Brazil’s real extended its biggest weekly advance of the year on speculation President Dilma Rousseff is committed to shoring up fiscal accounts and preserving the nation’s investment-grade status. The currency climbed for a fourth straight day... Continue Reading →
Brazil Exchange Asks State Companies to Go Beyond Letter of Law
Brazil Exchange Asks State Companies to Go Beyond Letter of Law By Ney Hayashi Cruz 12:27 PM BRT April 2, 2015 Latin America’s biggest securities exchange is urging Brazil’s state-owned companies to do more than the law requires in improving corporate governance as part of an effort to make the nation’s stocks more attractive to... Continue Reading →
Petrobras Pension Fund Losses Said to Widen to $1.9 Billion
Petrobras Pension Fund Losses Said to Widen to $1.9 Billion By Sabrina Valle 7:27 PM BRT April 1, 2015 Petroleo Brasileiro SA’s employee pension fund, known as Petros, lost more than 6 billion reais ($1.9 billion) last year, according to a person with direct access to the fund’s preliminary results. The deficit widened from 2.4... Continue Reading →
Aurelius Says OAS Seeking to Defraud Bondholders in Bankruptcy
Aurelius Says OAS Seeking to Defraud Bondholders in Bankruptcy By Boris Korby 1:35 PM BRT April 1, 2015 (Bloomberg) -- Hedge fund Aurelius Capital Management LP said that Brazilian builder OAS SA’s bankruptcy is part of an effort to defraud bondholders. Aurelius affiliate Huxley Capital Corp. filed a complaint in Manhattan federal court March 5... Continue Reading →
Brazil’s Real Leads Gains as Rousseff Affirms Fiscal Commitment
Brazil’s Real Leads Gains as Rousseff Affirms Fiscal Commitment By Paula Sambo 9:08 AM BRT April 1, 2015 (Bloomberg) -- Brazil’s real led global currency gains after President Dilma Rousseff affirmed a commitment to do what it takes to meet fiscal targets, fueling speculation that the nation will be able to avoid a junk credit... Continue Reading →
Petrobras signs loan of U$3.5 billion with China Development Bank.
Petrobras signs loan of U$3.5 billion with China Development Bank. According to sources the loan was booked under Petrobras subsidiary, Petrobras Global Trading. The Chinese have 20% interest in the pre salt Libra field which is operated by Petrobras with 40% and has Shell and Total as participants with 20% each and Chinese CNPC and... Continue Reading →
Brazil Energy Insight 