Sevan Drilling Ltd: Press Release 16.10.2015 Reference is made to the Company's press release dated 29 June, 2015, regarding Brazilian authorities' investigation into corrupt activities involving Petrobras. In 2011, Sevan Drilling was separated out from the 100% ownership of Sevan Marine ASA and listed separately on the Oslo stock exchange.The Company notes that Sevan Marine... Continue Reading →
Brazil Bull Who Got It Right in 2002 Says This Time No Different
The selloff punishing Brazilian markets in recent months isn’t fazing Jerome Booth. He’s seen it before and says just like then, it’s way overdone. Yes, Brazil has serious problems. The country’s “a mess,” he says, with a massive corruption investigation at state-run oil company Petroleo Brasileiro SA, a worsening fiscal outlook, the steepest recession in... Continue Reading →
Halliburton Reports Loss as Producers Cut Work in Downturn
Halliburton Co., the world’s largest fracking services provider, said it had a third-quarter loss as the volatile North American oil market continued to tumble. The company reported a loss of $54 million, or 6 cents a share, compared with net income of $1.2 billion, or $1.41, a year earlier, the Houston-based company said in a... Continue Reading →
Petrobras – Oil and natural gas production in September
Petrobras - Oil and natural gas production in September 10/16/2015 Rio de Janeiro, October 16, 2015 – Petróleo Brasileiro S.A. – Petrobras announces that its average production of oil and natural gas, in Brazil and abroad, was 2.72 million barrels of oil equivalent per day (boed) in September 2015, compared to 2.88 million boed produced... Continue Reading →
Brazil police open preliminary probe on Rousseff’s campaign
Brazil's federal police have opened a preliminary investigation into alleged irregularities in President Dilma Rousseff's re-election campaign last year. According to the media office of the federal police, the probe was opened on Oct. 7, following a decision by Justice Gilmar Mendes of the Superior Electoral Court to look into allegations of wrongdoing by the... Continue Reading →
Brazil’s Levy to Stay Despite Complaints Over Allied Attacks
Brazil’s Finance Minister Joaquim Levy complained to President Dilma Rousseff about his treatment among political allies, but fell short of stepping down. He said during a meeting with his boss that attacks from her supporters are making his job difficult, according to a government official with direct knowledge of the discussion, who asked not to be... Continue Reading →
Fitch says next few months key to decision on Brazil rating
Fitch Ratings will be in a better position in the next few months to assess Brazil's political environment, a key element in its decision on whether to strip the country of its investment grade rating, a senior analyst with the agency said on Friday. Fitch's senior director, Shelly Shetty, said in a conference call that... Continue Reading →
Schlumberger Cancels New Year: Liam Denning
Ladies and gentlemen, 2016 has been canceled. Thanks for coming. Schlumberger, the oilfield services giant, sure knows how to kill the mood -- which wasn’t great in the oil patch anyway. Its third-quarter results, reported late on Thursday, were broadly unremarkable. The company beat earnings estimates slightly, largely at the tax line, and displayed the... Continue Reading →
Petrobras, Bond-Market Pariah, Suddenly Captivates Deutsche Bank
For much of the past year, Petroleo Brasileiro SA’s unrelenting rout has pushed down bond prices to new lows day after day. Now, Deutsche Bank AG is finally starting to see value in the state-controlled oil producer’s debt. The strategy is simple: buy its $3.35 billion of notes due in 2017 -- whose yields have more... Continue Reading →
Petrobras – Clarification on news: Notice from the Bahia state government against the sale of Gaspetro
Petrobras - Clarification on news: Notice from the Bahia state government against the sale of Gaspetro 10/15/2015 Rio de Janeiro, October 15, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby complies with OFFICIAL LETTER 409/2015/CVM/SEP/GEA-1, which requests clarifications as follows: OFFICIAL LETTER No 409/2015/CVM/SEP/GEA-1 “We refer to the news article published on this date in... Continue Reading →
