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Mexico’s Pemex Lands Pipeline Deal With BlackRock, First Reserve Project will bring cheap U.S. natural gas to central Mexico Pemex has landed a major investment deal for a natural-gas pipeline. PHOTO: BLOOMBERG NEWS By LAURENCE ILIFF/WSJ March 26, 2015 5:33 p.m. ET MEXICO CITY—National oil company Petróleos Mexicanos has landed its first major investment since an overhaul... Continue Reading →
Brazil’s Economy Expanded Slightly in 2014 Economy grew 0.1% for the year, but shrank 0.2% in the fourth quarter By JEFFREY T. LEWIS and ROGERIO JELMAYER/WSJ March 27, 2015 8:38 a.m. ET SÃO PAULO—Brazil’s economy grew slightly in 2014 from 2013, a better-than-expected performance, but shrank in the fourth quarter from a year earlier as investment... Continue Reading →
Brazil’s Economy Expected to Shrink in 2015, as Joblessness Rises in February Central bank sees GDP contracting 0.5% this year, with worsening inflation A man sits below a job advertisement while waiting for a job interview in Brasília on March 17. PHOTO: REUTERS By JEFFREY T. LEWIS and ROGERIO JELMAYER/WSJ Updated March 26, 2015 12:34 p.m. ET SÃO... Continue Reading →
Brazil GDP Probably Shrank as Investment and Confidence Plummet By David Biller 12:01 AM BRT March 26, 2015 (Bloomberg) -- Brazil’s economy probably contracted in the fourth quarter of last year as stagflation plagues the world’s second-biggest emerging market. Gross domestic product fell 0.1 percent from the three previous months, according to the median forecast... Continue Reading →
Petrobras - Libra Consortium completes the drilling of the second appraisal well Rio de Janeiro, March 24, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that the Libra consortium has completed the drilling of the extension well 3-BRSA-1267-RJS/3-BRSA-1267A-RJS (3-RJS-735/735A). The drilling results have confirmed the presence of a hydrocarbon-bearing column of approximately 200 meters of... Continue Reading →
Brazil Scales Back Currency Support as Real Sinks to 12-Year Low By David Biller Paula Sambo 11:55 AM BRT March 24, 2015 Aldo Mendes, executive director of monetary policy at Banco Central do Brasil. Photographer: Douglas Engle/Bloomberg (Bloomberg) -- Brazil’s central bank scaled back its support for the real, ending sales of new foreign-exchange swaps... Continue Reading →
After S&P Ratings Reprieve, Brazil Faces Some Tough Economic News Friday’s report on GDP expected to show contraction for last year Brazil's President Dilma Rousseff got a reprieve on Monday when Standard & Poor’s didn’t downgrade her country’s debt rating, but she faces an expected weak economic report on Friday, which is expected to show... Continue Reading →
S&P/Odebrecht Oleo e Gas Ratings Lowered To 'BB-' From 'BB+' On Petrobras' Weaker Stand-Alone Credit Profile Publication date: 24-Mar-2015 13:56:02 EDT On March 23 2015, we affirmed our 'BBB-' corporate credit rating on Brazil-based integrated oil and gas company, Petrobras, and revised downward our stand-alone credit profile (SACP) on the company to 'b+' from 'bb'.... Continue Reading →
Real Rises as S&P Brazil Affirmation Overshadows Currency Stance By Paula Sambo 10:19 AM BRT March 24, 2015 (Bloomberg) -- Brazil’s real climbed for a third straight day as Standard & Poor’s affirmation of the nation’s investment-grade credit rating overshadowed speculation that the central bank will phase out sales of swaps supporting the currency. The... Continue Reading →
Brazil Said Planning Oilfield Auction to Bolster Ailing Industry By Anna Edgerton 1:30 PM BRT March 24, 2015 Brazil plans to auction onshore fields in the second half of the year to encourage foreign oil companies to remain active in the country, according to two government officials with direct knowledge of the matter. Photographer:... Continue Reading →
Brazil Energy Insight 