Uncertainty is the key word in reaction to Trump win in Brazil. Frankly, we don't see any changes in the relationship between both countries. It was somewhat strained during the Dilma administration, but has been gradually improving these last few months with the new Temer administration. Historically Republican administrations have been a better ally to... Continue Reading →
Oil Falls Amid Global Market Turmoil as Trump Elected President
Oil declined as Republican Donald Trump was elected the 45th U.S. president, prevailing over Democrat Hillary Clinton in a victory that threw global markets into turmoil. Futures fell as much as 4.3 percent in New York to the lowest since September while U.S. stock index futures and Asian equities slid with the Mexican peso, as investors... Continue Reading →
Big Oil Looks Past Profit Crunch as Cash Flow Shows Recovery
Ask any oil-company accountant, “what’s the difference between income and cash flow?” and they’re likely to say income makes the headlines, cash pays the bills. It may be glib, but there’s a nub of truth there. Cash generation is the yardstick used to judge a company’s ability to invest and pay dividends, and it’s been... Continue Reading →
Exclusive: Leniency deal for Brazil’s Odebrecht may be world’s largest
U.S. and Swiss investigators are working with Brazilian counterparts to complete negotiations with Odebrecht, the construction company at the center of a massive political kickback scandal, in what is likely to be the world's largest leniency deal, people involved in the talks said. Upwards of 80 Odebrecht employees are negotiating plea bargains and a leniency... Continue Reading →
PETROBRÁS CUTS REQUIREMENTS FOR SMALL CONTRACTS AND REDUCES BUROCRACY
Nov. 7, 2016/Petronoticias Petrobras has taken a step forward that can give a lot of agility to small contractors from now on. It has introduced a program called Simplifica (Simplify) Petrobrás, which will review the internal procedures for purchasing small-value goods and services, in order to reduce bureaucracy and the board's demand for less impacting... Continue Reading →
Petrobras, YPFB Chaco to invest $1.2 billion in Bolivia gas exploration
Mon Nov 7, 2016 | Reuters Petrobras Bolivia SA, a subsidiary of Brazil's state-run oil firm Petroleo Brasileiro SA, and Bolivia's state-run YPFB Chaco have signed a $1.2 billion agreement to explore two natural gas fields with potential reserves of 4 trillion cubic feet, the Bolivian government said on Monday. The fields are Astillero and... Continue Reading →
Trafigura Says Not Party to Storage Contracts in Petrobras Probe
Trafigura Group distanced itself from a board member arrested in Brazil over allegations of involvement in bribery and money laundering at state-run oil company Petroleo Brasileiro SA, saying the contracts at the heart of the case didn’t involve the commodity-trading house. The “substantive allegations” made by Brazil’s public prosecutor against management board member Mariano Marcondes... Continue Reading →
Statoil in COO shift
The leader of Statoil’s efficiency programme has taken over the role of chief operating officer at Norway’s state-controlled oil company. Steve Marshall 4 Nov 2016 12:27 GMT Updated 4 Nov 2016 12:36 GMT Jannicke Nilsson, who heads the so-called Step (Statoil technical efficiency programme) initiative, will replace present incumbent Anders Opedal who has been appointed... Continue Reading →
Green shoots of Brazil’s recovery
Changes falling into place after a catastrophic period of scandal, corruption and collapse Gareth Chetwynd 4 Nov 2016 01:00 GMT Updated 3 Nov 2016 12:31 GMT Brazil’s oil sector is undergoing a transformation that is starting to generate new interest among investors and offer hope to domestic industry after a ruinous two years. The first... Continue Reading →
Petrobras granted extra time for Potiguar work
State giant carrying out appraisal work on deep-water discoveries Pitu and Tango Fabio Palmigiani Rio de Janeiro 4 Nov 2016 01:00 GMT Updated 3 Nov 2016 02:00 GMT THE Brazilian National Petroleum Agency (ANP) has given Petrobras more time to carry out appraisal work at two deep-water discoveries in Block BM-POT-17 in the Potiguar basin... Continue Reading →
Brazil Energy Insight 