Mar 8, 2016 A passenger plane flies over a Shell logo at a petrol station in west London, in this January 29, 2015 file photo. REUTERS/TOBY MELVILLE/FILES Royal Dutch Shell will start in coming days a new exploration phase in the BC-10 project off the coast of Brazil, where it has already invested more than... Continue Reading →
Brazil Real Gains as Central Bank Steps In to Add Liquidity
Brazil’s real strengthened, defying a slump in emerging-market currencies and reversing an earlier loss, after the central bank stepped in to boost the supply of dollars in the market. The currency advanced 0.3 percent to 3.7743 per dollar as of 1:49 p.m. in Sao Paulo. The central bank announced it will auction as much as... Continue Reading →
Impeaching a Brazilian President Is Complicated: a Quick Guide
The impeachment campaign against Brazilian President Dilma Rousseff regained momentum last week after police questioned her predecessor Luiz Inacio Lula da Silva on allegations he benefited from a kickback scheme at state-run oil company Petrobras. Markets rallied on hopes that the latest development would speed up a resolution to the political stalemate that has... Continue Reading →
Brazil’s Marcelo Odebrecht Gets 19 Years in Jail in Carwash Case
Marcelo Odebrecht, the former head of one of Brazil’s largest industrial conglomerates, was sentenced to 19 years and four months in jail for crimes including corruption and money laundering. Odebrecht, who ran the Odebrecht SA holding company that owns Latin America’s largest builder until he was arrested last year, was convicted of crimes including corruption,... Continue Reading →
Odebrecht, OAS ex-CEOs mull collaborating in Brazil probe: paper
Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA is escorted by Federal Police officers as he arrives at the Institute of Forensic Science in Curitiba, Brazil, June 20, 2015. REUTERS/RODOLFO BURHER March 8,2016 The former chief executives of major Brazilian builders Odebrecht SA [ODBES.UL] and OAS Empreendimentos SA [OAS.UL]... Continue Reading →
Total Plans Hunt for `Elephant’ Oil Find Off Uruguay’s Coast
France’s Total SA is weeks away from drilling one of its most important offshore exploration wells in the Americas this year as it hunts for a giant oil field in Uruguayan waters. "There could be an elephant out there. This is what we’re chasing," Christian Tichatschke, Total’s exploration director in Uruguay, said in an interview... Continue Reading →
One injured in Texas explosion at Petrobras refinery
One person was burned when a unit that makes diesel ruptured on Saturday morning in a ground-shaking blast at the Pasadena, Texas, refinery owned by Brazil's national oil company Petrobras, the company said. Petrobras said in a statement the fire, which started around 10:15 a.m. CT, had been contained by mid-afternoon at the 100,000 barrel... Continue Reading →
Petrobras to report 2015 results on March 21
Mar 7, 2016 Petroleo Brasileiro SA will report its 2015 financial results on March 21 after market close.
Petrobras – Clarification on News: Losses from the Refinery in Japan
03/04/2016 Rio de Janeiro, March 4, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 71/2016-CVM/SEP/GEA-1, which requests the following clarifications: Official Letter 71/2016-CVM/SEP/GEA-1 “Dear Officer, We refer to the news item published today in the Empresas (Companies) section of the newspaper Valor Econômico, entitled: Petrobras perde US$1.95 bi no Japão (Petrobras... Continue Reading →
Brazil says onshore assets for sale produce under 2 percent of output
Mar 4, 2016 Reuters A worker paints a tank of Brazil's state-run Petrobras oil company in Brasilia, Brazil September 30, 2015. REUTERS/UESLEI MARCELINO Brazil's state-run oil company Petroleo Brasileiro SA said on Friday it plans to sell its rights to 104 onshore oil and gas concessions, part of efforts to raise cash and focus increasingly... Continue Reading →
Brazil Energy Insight 