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http://www.ft.com/cms/s/0/83bc066a-fedd-11e4-94c8-00144feabdc0.html#ixzz3ahoYFLnD May 20, 2015 6:42 pm Oil market buoyed by product demand Anjli Raval and Neil Hume/FT ©Bloomberg The oil market is coping with storage capacity limits because demand for products such as petrol has been unexpectedly strong, says a senior executive at the world’s biggest independent oil trader. Demand growth was “back up to 1.4-1.5m barrels... Continue Reading →
5/17/2015 @ 12:16PM For Petrobras, 'Oils' Not So Well For Drilling Partners Kenneth Rapoza/Forbes Petrobras needs heavy equipment, like entire offshore production vessels, to get at its oil deep under the Atlantic Ocean floor. Credit problems at partner firms, and delays on its floating production storage and offshoring projects means production figures probably won’t look as good... Continue Reading →
Petrobras - Clarification on News: Revision of the Transfer of Rights Agreement Rio de Janeiro, May 20, 2015 – Petróleo Brasileiro S.A. – Petrobras, in relation to news released in the media regarding the value of the revision of the Transfer of Rights Agreement clarifies: The Transfer of Rights Agreement, signed between Petrobras and the... Continue Reading →
Petrobras - Funding Agreement of USD 5 billion with China Development Bank Corporation Rio de Janeiro, May 20, 2015 - Petróleo Brasileiro SA - Petrobras informs that it has signed yesterday with China Development Bank Corporation- CDB a cooperation agreement for the years 2015 and 2016. This agreement includes funding of $ 3.5 billion, already... Continue Reading →
http://www.ft.com/cms/s/0/7a3248b8-feb8-11e4-84b2-00144feabdc0.html#ixzz3agqKEe5d May 20, 2015 12:33 pm Grupo Alfa close to $6.5bn buyout of Pacific Rubiales Henny Sender/FT ©Bloomberg/Susana Gonzalez Pacific Rubiales, the largest independent oil producer in Latin America, is set to be acquired by Grupo Alfa and Harbour Energy in what would be the region’s biggest-ever private equity deal. The all-cash deal, which could... Continue Reading →
Brazil’s Real Advances as Levy’s Fiscal Measures Clear a Hurdle by Paula Sambo/Bloomberg 10:09 AM BRT May 20, 2015 Brazil’s real climbed for the first time in four days as a vote by lawmakers supported Finance Minister Joaquim Levy in his effort to reduce budget deficits and preserve the nation’s investment-grade status. The currency gained... Continue Reading →
http://www.ft.com/cms/s/0/57ed823e-a573-11e4-ad35-00144feab7de.html#ixzz3agWeGlOw May 19, 2015 5:00 pm Drill deeper than oil for Saudi prosperity John Sfakianakis/FT Important reforms centre on energy, which kingdom uses wastefully, writes John Sfakianakis ©AFP When your income is cut in half, it helps to have a few dollars on hand, but even then you will have to make changes. So it... Continue Reading →
http://www.ft.com/cms/s/0/4c6eab9a-fa55-11e4-aa42-00144feab7de.html#ixzz3afpx0IgV May 18, 2015 6:01 pm From Canada to Australia, energy groups’ cuts are laid bare Christopher Adams, Energy Editor/FT Almost 30 years ago, Saudi Arabia triggered a slide in oil prices by making an aggressive bid for market share, and western energy companies were forced to make sweeping cuts in capital spending in response.... Continue Reading →
China Grows South America Sway as Commodity Bust Cheapens Assets By Juan Pablo Spinetto David Biller/Bloomberg 6:20 PM BRT May 19, 2015 Li Keqiang, China's premier. Photographer: Krisztian Bocsi/Bloomberg China’s interest in Latin American isn’t just about oil and agriculture anymore. As Premier Li Keqiang tours Brazil, Colombia, Peru and Chile for the first time,... Continue Reading →
Tue May 19, 2015 5:57am EDT Brazil bets on rain, rules out power rationing in 2015 - TRFN BY ADRIANA BRASILEIRo RIO DE JANEIRO, May 19 (Thomson Reuters Foundation) - B razilian authorities have ruled out electricity rationing this year as a slowing economy and higher tariffs help reduce consumption. But water reservoirs in hydropower-dependent... Continue Reading →
Brazil Energy Insight 