Brought to you by Quest Offshore & Southern Cone Consultants
How Brazil's President Plans to Get the Country and Herself Out of This Mess By Adriana Arai Raymond Colitt Arnaldo Galvao 7:00 AM BRT April 1, 2015 Brazil’s President Dilma Rousseff is battling to regain the trust of voters and global investors alike as the economy sinks and a corruption scandal deepens. On Tuesday she... Continue Reading →
In Fiscal Setback, Brazil Posts Primary Deficit for February The deficit makes meeting a target of a surplus of 1.2% of gross domestic product more difficult Brazilian Finance Minister Joaquim Levy speaks to a Senate panel in Brasília on Tuesday. PHOTO: AGENCE FRANCE-PRESSE/GETTY IMAGES By PAULO TREVISANI /WSJ March 31, 2015 3:52 p.m. ET BRASÍLIA—Brazil took a... Continue Reading →
Petrobras independent director to quit board http://www.ft.com/cms/s/0/4791990e-d7e4-11e4-80de-00144feab7de.html#ixzz3W3O0dFdF March 31, 2015 11:02 pm Joe Leahy and Samantha Pearson in São Paulo/FT ©EPA/Sebastiao Moreira Unrest: the Petrobras revelations have sparked protest An independent director of Brazil’s Petrobras has voiced a vote of no-confidence in the government’s handling of problems at the corruption-ridden state-controlled oil company by refusing to stand... Continue Reading →
OAS Files for Bankruptcy as Petrobras Probe Embroils Builder By Paula Sambo Christiana Sciaudone 2:46 PM BRT March 31, 2015 (Bloomberg) -- Brazilian builder OAS SA filed for bankruptcy, making it the largest company to seek protection as a bribery scandal involving state-controlled oil producer Petroleo Brasileiro SA engulfs the construction industry. OAS, which missed... Continue Reading →
http://www.ft.com/cms/s/0/2d35d198-d6b7-11e4-97c3-00144feab7de.html#ixzz3VzBe4t6k March 31, 2015 5:38 pm Oil majors over a barrel due to falling reserves Christopher Adams, Energy Editor/Financial Times ©Bloomberg The world’s largest oil and gas groups shed more than a billion barrels of reserves in 2014, the sharpest decline in at least six years, according to figures that show their exploration record has... Continue Reading →
Brazil Has No Room for Errors, Finance Minister Says Government has run out of quick fixes for its economy, Levy warns Brazilian Finance Minister Joaquim Levy said the government has run out of quick fixes for the country’s economic problems. PHOTO:AGENCE FRANCE-PRESSE/GETTY IMAGES By LUCIANA MAGALHAES And JEFFREY T. LEWIS/WSJ March 30, 2015 3:08 p.m. ET SÃO... Continue Reading →
Brazil’s Currency Extends Biggest Quarterly Decline Since 2002 By Paula Sambo 10:34 AM BRT March 30, 2015 (Bloomberg) -- Brazil’s real extended its biggest quarterly decline since 2002 amid concern that comments from Finance Minister Joaquim Levy reported over the weekend will make it harder for the government to rein in deficits and preserve the... Continue Reading →
Brazil and its president Dealing with Dilma Many Brazilians are fed up with their president. But impeaching her would be a bad idea Mar 28th 2015 | From the print edition SHE is less than three months into her second term, but already most Brazilians want to see the back of Dilma Rousseff. Grappling with... Continue Reading →
Economists Again Cut Growth Forecasts for Brazil Brazil’s 2015 GDP is expected to shrink by 1% this year By ROGERIO JELMAYER/WSJ March 30, 2015 7:59 a.m. ET SÃO PAULO—Economists again cut their growth forecasts for Brazil in 2015 and for next year, as Latin America’s largest economy struggles to regain traction. Brazil’s 2015 gross domestic... Continue Reading →
Petrobras Said to Start Asset Sale With Fields in Argentina By Rodrigo Orihuela Daniel Cancel 11:48 AM BRT March 27, 2015 Billionaire Eduardo Eurnekian. Photographer: Scott Eells/Bloomberg (Bloomberg) -- Petroleo Brasileiro SA, the state-controlled company at the center of Brazil’s biggest corruption scandal, agreed to sell oil and natural gas fields in southern Argentina to... Continue Reading →
Brazil Energy Insight 