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PetroChina Catches Exxon as World’s Most-Valuable Oil Company By Aibing Guo 3:17 AM BRT April 9, 2015 Market values of PetroChina, Exxon since mid-2010 PetroChina Co. passed Exxon Mobil Corp. today as the biggest energy company by market value for the first time since 2010. As the attached chart shows, Exxon’s capitalization was $352.6 billion... Continue Reading →
Petrobras announced that it will publish the year end 2014 statements by the close of the day 17th of April, 2015. No details as how the corruption charges will be treated. More to come...
Brazil Protest Test for Rousseff’s Bid to See Through Austerity By Raymond Colitt 12:01 AM BRT April 9, 2015 Demonstrators carry a mask with the face of Brazilian President Dilma Roussef during a protest near Copacabana Beach in Rio de Janeiro, Sunday, March 15. Three days after the March 15 protests, Rousseff presented a series... Continue Reading →
Brazil’s Congress Leaders Agree to Back Rousseff’s Economic Plan By David Biller Mario Sergio Lima 4:27 PM BRT April 8, 2015 (Bloomberg) Party leaders in Brazil’s ruling coalition signed an agreement to back the government’s plan to narrow the budget deficit after Vice President Michel Temer took over negotiations with lawmakers. The leaders will back... Continue Reading →
http://www.ft.com/cms/s/0/dd3f1b4c-ddd0-11e4-8d14-00144feab7de.html#ixzz3WkOzzrKF Last updated: April 8, 2015 8:17 pm Brazil is the big prize for Shell in BG deal Guy Chazan in London/FT Speculation that Royal Dutch Shell would buy BG Group has been doing the rounds of the oil industry for at least the past 20 years. On Wednesday, it became reality. Shell unveiled plans to acquire BG for £47bn excluding debt,... Continue Reading →
Exxon, BP in Deal Spotlight After Shell Buys BG Group by Tara Lachapelle Brooke Sutherland 3:02 PM BRT April 8, 2015 Bloomberg Now that Royal Dutch Shell Plc has made its move for BG Group Plc, Exxon Mobil Corp. and BP Plc could contemplate deals -- perhaps even with each other. Speculation of an Exxon-BP... Continue Reading →
Shell Targets Gains From Brazil to LNG With Takeover of BG Group By Dylan Griffiths 2:11 PM BRT April 8, 2015 (Bloomberg) Royal Dutch Shell Plc’s 47 billion-pound ($70 billion) acquisition of BG Group Plc, the oil and gas industry’s biggest deal in at least a decade, combines the two companies’ assets from Brazil to... Continue Reading →
Petrobras Bearish ADR Bets Climb to Record Amid Probe, Oil Rout By Julia Leite 2:18 PM BRT April 8, 2015 (Bloomberg) Traders are increasing wagers that a $264 billion erosion in the value of Petroleo Brasileiro SA isn’t over yet. Bets that the company’s American depositary receipts will drop have nearly doubled this year to... Continue Reading →
Brazil Minister Suggests Debate on Easing Pre-Salt Oil Rules By Sabrina Valle Anna Edgerton 12:48 PM BRT April 8, 2015 (Bloomberg) Brazil opened the door for a debate on allowing foreign oil companies to operate in a region holding some of the world’s biggest discoveries this century as the state-owned producer struggles to emerge from... Continue Reading →
Petrobras Crisis Finds New Victim as Bond Loses 34% in Two Days By Peter Millard Filipe Pacheco Francisco Marcelino 8:22 PM BRT April 7, 2015 Schahin Oil & Gas SA, a domestic rig supplier to Brazil’s state crude producer, is emerging as the latest casualty of the nation’s sprawling graft scandal. Schahin’s $651 million of... Continue Reading →
Brazil Energy Insight 