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Luiz Inacio Lula da Silva on March 17. Photographer: Evaristo Sa/AFP via Getty Images A federal judge in Brazil issued an injunction to suspend the appointment of Luiz Inacio Lula da Silva as President Dilma Rousseff’s chief of staff, further deepening a political crisis that has paralyzed Latin America’s largest nation. Judge Itagiba Catta Preta... Continue Reading →
An anti-government demonstrator (L) and a supporter of Brazil's President Dilma Rousseff clash before the appointment of former Brazilian president Luiz Inacio Lula da Silva as chief of staff, near the Planalto palace in Brasilia, Brazil, March 17, 2016. REUTERS/RICARDO MORAES Supporters of leftist leader Luiz Inacio Lula da Silva clashed briefly with opponents of... Continue Reading →
Mar 17, 2016 - Reuters Gasoline prices are displayed at a Brazilian Oil Company Petrobras gas station in Rio de Janeiro, Brazil, February 6, 2016. REUTERS/RICARDO MORAES Brazil's state-run oil producer Petroleo Brasileiro SA plans to cut 15 percent of its staff through a voluntary layoff program to be announced by mid-year, newspaper o Estado... Continue Reading →
The federal judge leading Brazil’s largest corruption probe released phone recordings of President Dilma Rousseff and her predecessor Luiz Inacio Lula da Silva discussing his cabinet appointment. Judge Sergio Moro published transcripts of conversations that federal police obtained by tapping Lula’s phone as part of a corruption investigation, known as Carwash. In one of the... Continue Reading →
Brazil’s economic quagmire, with an ever-growing corruption scandal on top of the longest and deepest recession in at least a century, is producing an unprecedented era of corporate debt restructuring in the country. The borrowing binge Brazilian companies went on during the country’s economic boom earlier this decade has now turned into an albatross... Continue Reading →
Embattled Brazilian President Dilma Rousseff installed her predecessor Luiz Inacio Lula da Silva at the heart of her government, a high-risk gambit that could rally her party’s base while rattling the country’s economic elite. The appointment announced by lower house leaders on Wednesday is designed to help shield Lula from a rolling corruption probe and harness... Continue Reading →
The platform has completed a full year of production in Papa-Terra and is producing only 2,500 b/d [15.03.2016] / By Gabriela Medeiros/Brazil Energy P-61 platform and the P-63 FPSO, in the Para-Terra field, which, in total, is producing 16,000 b/d Petrobras is having a hard time increasing the production of the Papa-Terra field, which produces... Continue Reading →
The Modec contract for the FPSO Cidade de Campos dos Goytacazes involves a series of packages [15.03.2016] / By Lara de Faria/Brazil Energy Frames, from the Netherlands has signed a contract with Modec to provide life saving equipment and flow control for the Petrobras FPSO Cidade de Campos dos Goytacazes MV29. The equipment will be... Continue Reading →
The Chamber of Deputies has created a committee to discuss projects, such as providing for the end of Petrobras pre-salt sole operation. Members will elect a Chair tomorrow [15.03.2016] / By Camila Claro/Brazil Energy The Chamber of Deputies installed today, March 15, a Special Committee that will discuss projects relating to the pre-salt layer that... Continue Reading →
Modec says that the country will have the most new orders and 35% of the global market over the next five years; firm highlights future increase in the FLNG segment in Brazil [15.03.2016] / By João Montenegro/Brazil Energy Brazil will account for 35% of the new orders for FPSOs worldwide over the next five years,... Continue Reading →
Brazil Energy Insight 