Mar 14, 2016 Reuters A logo is seen on the wall at the entrance of China National Offshore Oil Corp (CNOOC) office tower in Beijing, March 20, 2013. REUTERS/PETAR KUJUNDZIC China's CNOOC Ltd (0883.HK) is interested in purchasing a minority stake in Brazilian petrochemical company Braskem SA (BRKM5.SA) from state-run Petroleo Brasileiro SA (PETR4.SA), a... Continue Reading →
Millions Join Brazil Impeachment Chorus in Threat to Rousseff
Dilma Rousseff’s future as president of Brazil was cast into further doubt as millions of protesters, wearied by scandal and recession, staged some of the largest rallies in the country’s modern history. Brazilians demonstrated peacefully for Rousseff’s ouster in cities throughout the country on Sunday, with some estimates counting more than 3 million people on... Continue Reading →
Economic activity in Brazil falls for 11th month in January
Reuters A gauge of economic activity in Brazil in January fell for the 11th straight month, official data showed on Monday, indicating the country's recession deepened at the start of the new year. The Brazilian central bank's IBC-Br economic activity index fell 0.61 percent in January from the prior month, the bank said. A Reuters... Continue Reading →
Brazil’s Rousseff benefited from Belo Monte dam graft: report
Brazil's President Dilma Rousseff speaks during a news conference at the Planalto Palace in Brasilia, Brazil March 11, 2016. REUTERS/UESLEI MARCELINO Graft money skimmed from overpriced contracts to build the Belo Monte hydroelectric dam in the Amazon funded President Dilma Rousseff's 2010 and 2014 election campaigns, a ruling Workers' Party senator has testified according to... Continue Reading →
Brazil prosecutors seek $2 bln from Odebrecht, Petrobras executives
Brazilian prosecutors late on Saturday accused executives from construction conglomerate Odebrecht and state-run oil company Petrobras of misconduct and demanded they pay 7.3 billion reais ($2 billion) in damages. Prosecutors accused Odebrecht of paying bribes to win multi-billion dollar contracts with Petrobras as part of a massive corruption scheme that implicated dozens of politicians and... Continue Reading →
Brazil’s PMDB to decide on breaking with Rousseff in 30 days
Brazilian President Dilma Rousseff's main coalition partner served notice on Saturday that it could break from her embattled Workers' Party government in 30 days and join opposition efforts to unseat the leftist leader. At a rowdy convention of the fractious Brazilian Democratic Movement Party (PMDB), leaders quashed a motion by irate delegates who wanted to... Continue Reading →
Brazilians return with force to streets to demand Rousseff’s exit
Demonstrators depicting Brazil's former President Luiz Inacio Lula da Silva (L) and Brazil's President Dilma Rousseff attend a protest against Rousseff, part of nationwide protests calling for her impeachment, in Brasilia, Brazil, March 13, 2016. REUTERS/UESLEI MARCELINO Protesters poured en masse onto the streets of Brazil's major cities on Sunday to demand the removal... Continue Reading →
New Traces Of Oil In Libra
Petrobras reports second evidence of oil in the 3-BRSA-1322-RJS well in the Santos pre-salt layer [11.03.2016] / By Gabriela Medeiros/Brazil Energy Petrobras registered finding traces of oil while drilling the 3-BRSA-1322-RJS well in the Libra area in the Santos Basin pre-salt layer. This was the second time the company reported traces of oil during the... Continue Reading →
Petrobras scandal claims Marcelo Odebrecht, its biggest name yet
http://www.ft.com/cms/s/0/0074dda0-e775-11e5-bc31-138df2ae9ee6.html#ixzz42d5ovbzr March 11, 2016 2:55 pm Petrobras scandal claims Marcelo Odebrecht, its biggest name yet Samantha Pearson in São Paulo ©AFP Marcelo Odebrecht is said to have been lifting makeshift weights in a windowless cell in the south of Brazil At first glance, the event looked like any other attended by Marcelo Odebrecht during his... Continue Reading →
Pemex Woes Trigger 2,000 Provider Job Cuts as Boom Turns to Bust
Petroleos Mexicanos’ woes are hitting home for suppliers that less than two years back were preparing for an oil boom. Cotemar, one of Mexico’s largest oil service providers, will lay off as many as 2,000 workers after Pemex suspended two of the company’s contracts amid massive budget reductions, according to a company official, asking not to... Continue Reading →
