Brookfield Seeks to Raise $21 Billion to Buy Out-of-Favor Assets By Scott Deveau/Bloomberg 11:53 AM BRT May 6, 2015 Brookfield Asset Management Inc., Canada’s largest alternative-asset manager, plans to start raising an additional $10 billion in funds this year after a $15 billion spending spree over the past 12 months, the company’s chief executive officer... Continue Reading →
Where Are Oil Prices Headed? Two Experts Make Their Conflicting Cases
Where Are Oil Prices Headed? Two Experts Make Their Conflicting Cases Phil Verleger Jr. sees prices ending the year in the $45-$50 range. Paul Horsnell predicts $75-$80. High U.S. output is keeping railroads busy and fueling an inventory buildup that could pull prices down. PHOTO: MCT VIA GETTY IMAGES By NICOLE FRIEDMAN/WSJ Updated May 5, 2015 11:05... Continue Reading →
Shell Chief Visits China to Win Backing for $70 Billion BG Deal
Shell Chief Visits China to Win Backing for $70 Billion BG Deal By Rakteem Katakey / Bloomberg 6:47 AM BRT May 6, 2015 Shell Chief Executive Officer Ben Van Beurden visits the country this week to convince officials that the combination of two large oil and gas producers poses little risk for the world’s biggest... Continue Reading →
Brazil Needs Oil to Rebound to $80 to Open Prized Fields Auction
Brazil Needs Oil to Rebound to $80 to Open Prized Fields Auction By Sabrina Valle Juan Pablo Spinetto / Bloomberg 7:30 PM BRT May 5, 2015 Crude prices need to recover for Brazil to advance plans to open its most sought-after fields to investors, the country’s oil regulator said. Brent prices would have to rise... Continue Reading →
Brazil March Industrial Output Falls for a Second Straight Month
Brazil March Industrial Output Falls for a Second Straight Month By David Biller/Bloomberg 9:12 AM BRT May 6, 2015 Brazil’s industrial output in March declined for a second straight month as Latin America’s biggest economy heads toward its deepest recession in 25 years. Output in March fell 0.8 percent from the previous month, after a... Continue Reading →
Brazilians Protest as Ruling Party Vows to Clean Graft From Rank
Brazilians Protest as Ruling Party Vows to Clean Graft From Rank By Anna Edgerton / Bloomberg 8:45 PM BRT May 5, 2015 Brazilians in cities including Sao Paulo, Rio de Janeiro and Brasilia staged demonstrations as the ruling party took to airways to defend itself from allegations of corruption. Engaging in a traditional form of... Continue Reading →
Pummeled by Petrobras Probe, Rig Bond Is Now Swarmed by Buyers
Pummeled by Petrobras Probe, Rig Bond Is Now Swarmed by Buyers By Anna Edgerton Paula Sambo/Bloomberg 8:00 PM BRT May 5, 2015 Few Brazilian companies were hit harder by the Petroleo Brasileiro SA bribery investigation than the nation’s rig suppliers. Queiroz Galvao Oleo e Gas Constellation, one of the biggest, saw some of its bonds... Continue Reading →
Petrobras / Quiet Period – 1st Quarter 2015
Petrobras / Quiet Period – 1st Quarter 2015 Rio de Janeiro, May 5th, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that it will release its 1st Quarter 2015 results on May 15th, 2015, Friday, after the market is closed. Therefore, from May 5th to May 15th, the Company will be in quiet period. During... Continue Reading →
Petrobras – Clarification on News: Divestments in Pre-Salt areas
Petrobras - Clarification on News: Divestments in Pre-Salt areas Rio de Janeiro, May 5th, 2015 – Petróleo Brasileiro S.A. – Petrobras´ response to Official Letter BM&FBovespa 1.634/2015-SAE that requests clarification as follows: OFFICIAL LETTER 1.634/2015-SAE “An article published by Agência Estado – Broadcast, on May 5th, 2015, states, among other information, that Petrobras has plans... Continue Reading →
Devon Energy Posts Loss on Impairments
Devon Energy Posts Loss on Impairments Company reports $5.46 billion of asset impairments, but raises full-year production goal By JOSH BECKERMAN May 5, 2015 9:20 p.m. ET Devon Energy Corp. posted a $3.6 billion net loss on $5.46 billion of asset impairments, although the energy company said production was higher than expected and it raised... Continue Reading →
Brazil Energy Insight 