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Shell’s $70 Billion Deal for BG Group Faces a Few Hurdles Blockbuster deal must contend with regulatory challenges in China and tough scrutiny from investors The combination of the two energy producers is subject to review by regulators. ILLUSTRATION: BLOOMBERG NEWS By SELINA WILLIAMS and SARAH KENT/WSJ April 9, 2015 8:06 p.m. ET LONDON—Royal Dutch Shell PLC’s $70 billion purchase of BG... Continue Reading →
Fri Apr 10, 2015 7:09am EDT Brazil police to arrest seven more in Petrobras corruption probe RIO DE JANEIRO A policeman stands in front of the Petrobras headquarters during a protest in Rio de Janeiro March 4, 2015. REUTERS/SERGIO MORAES (Reuters) - Brazil's federal police said it had issued seven arrest warrants on Friday in... Continue Reading →
http://www.ft.com/cms/s/0/bc9dd344-debe-11e4-8a01-00144feab7de.html#ixzz3WqeLuIIY April 9, 2015 6:43 pm Oil price holds key to success of Shell takeover David Oakley, Investment Correspondent/FT Sometimes one number is all that matters. In the case of the proposed takeover of BG Group by Royal Dutch Shell, that number is the oil price. In short, the success or failure of the blockbuster energy deal hinges on Shell’s long-term oil... Continue Reading →
Petrobras (PBR) Stock Rises 8.38% to U$7.50 ByAndrew Meola|04/09/15 - 03:44 PM EDT NEW YORK (TheStreet) -- Shares of Brazilian state-run energy company Petrobras (PBR - Get Report) rose 8.38% to $7.50 in late afternoon trading Thursday as Brazilian President Dilma Rousseff said the company is ready to move on from the corruption scandal that has plagued it for months. Rousseff... Continue Reading →
Thu Apr 9, 2015 1:12pm EDT Brazil's Rousseff says Petrobras has cleaned up corruption BRASILIA, APRIL 9 | BY ANTHONY BOADLE (Reuters) - State-run oil company Petrobras has purged corrupt managers and put a graft scandal behind it, while hitting record output levels from off-shore deposits, Brazil's President Dilma Rousseff said on Thursday. The indictment of former senior... Continue Reading →
Thu Apr 9, 2015 1:09pm EDT UPDATE 2-Fitch warns of possible Brazil downgrade as economy falters By Walter Brandimarte (Reuters) - Fitch Ratings on Thursday warned it may cut Brazil's credit rating in the next couple of years if the economy deteriorates further despite President Dilma Rousseff's efforts to correct macroeconomic imbalances. Fitch revised the outlook on Brazil's... Continue Reading →
Bradesco’s Clemente Says Brazil Economy Nearing Turning Point Release of delayed Petrobras earnings expected to clear up uncertainty By ROGERIO JELMAYER And JEFFREY T. LEWIS/WSJ April 8, 2015 11:59 a.m. ET SÃO PAULO—Brazil’s sluggish economy is nearing a turning point with the approaching release of the 2014 earnings results of Petroleo Brasileiro SA, or Petrobras, the head ofBradesco investment banking... Continue Reading →
Brazil’s Vaccari Testifies in Congress About Petrobras Corruption Allegations Workers’ Party treasurer says donations to PT were legal Workers’ Party Treasurer João Vaccari Neto on Thursday testifies before a special committee of the Brazilian Congress investigating alleged corruption in the state-owned oil company Petrobras. (Evaristo Saevaristo/Agence France-Presse/Getty Images) PHOTO: AGENCE FRANCE-PRESSE/GETTY IMAGES By PAULO TREVISANI And JEFFREY T.... Continue Reading →
These Charts and Maps Explain the Shell-BG Megadeal in Brazil By Julie Verhage/(Bloomberg) 8:55 AM BRT April 9, 2015 According to the deal presentation, Shell and BG's combined Brazilian production of about 150,000 boe/d in 2014 is forecast by management to increase to 550,000 boe/d by 2020, solidifying Shell's foothold in deepwater pre-salt oil offshore Brazil. It's not... Continue Reading →
Brazil’s Real Rises to One-Month High as Political Concern Eases By Paula Sambo 10:51 AM BRT April 9, 2015 (Bloomberg) Brazil’s real climbed to a one-month high as eased tension with Congress added to speculation that President Dilma Rousseff will succeed in paring deficits and preserving the nation’s investment-grade status. The real advanced 0.6 percent... Continue Reading →
Brazil Energy Insight 