Δημοσιεύθηκε: 27 Απριλίου 2015 - 11:29 Oil E&Ps: spring sales Sometimes low prices do not attract shoppers. A catalyst is needed: clever marketing, word of mouth, something to give buyers confidence. For energy companies, it may a price increase - in the commodity, if not the companies themselves. Oil is up 39 per cent since January.... Continue Reading →
PetroChina, Sinopec Surge on Industry Merger Speculation
PetroChina, Sinopec Surge on Industry Merger Speculation By Aibing Guo / Bloomberg 1:31 AM BRT April 27, 2015 China Petroleum & Chemical Corp. (Sinopec) storage tanks stand in the Tsing Yi area of Hong Kong. Photographer: Jerome Favre/Bloomberg PetroChina Co. and China Petroleum & Chemical Corp., the nation’s two largest oil explorers, jumped by their... Continue Reading →
Brazil Analysts Cut 2015 GDP Forecast, Boost Inflation Estimate
Brazil Analysts Cut 2015 GDP Forecast, Boost Inflation Estimate By Mario Sergio Lima / Bloomberg 8:37 AM BRT April 27, 2015 Brazil analysts lowered their estimate for economic growth this year and raised their inflation prediction, as the government negotiates with Congress over fiscal moves to trim the budget deficit. Analysts cut their 2015 growth... Continue Reading →
UK government warns BP over potential takeover
http://www.ft.com/cms/s/0/06a3207e-e901-11e4-87fe-00144feab7de.html#ixzz3YRMJcvFy April 26, 2015 5:45 pm UK government warns BP over potential takeover George Parker and Christopher Adams/FT ©Reuters The British government has told BP it would oppose any potential takeover of the company, which was seriously weakened by the huge bill incurred after the Gulf of Mexico Deepwater Horizon disaster five years ago. Amid wider consolidation... Continue Reading →
Petrobras overhaul calls for much more than corruption clean-up
Fri Apr 24, 2015 6:25pm EDT Petrobras overhaul calls for much more than corruption clean-up RIO DE JANEIRO | BY JEB BLOUNT A tower with a Brazilian flag representing an oil rig is pictured during a protest in front of the Petrobras headquarters in Rio de Janeiro REUTERS/SERGIO MORAES (Reuters) - Petrobras' decision to take a massive... Continue Reading →
The US shale revolution
April 24, 2015 11:50 am The US shale revolution Ed Crooks/FT How it changed the world (and why nothing will ever be the same again) Last summer, Juan Ramos had four jobs; now he has none. A year ago, feeling frustrated and underpaid working in health insurance in Florida, he was stirred by stories of... Continue Reading →
Petrobras Looks Fully Priced
Petrobras Looks Fully Priced The hobbled Brazilian oil giant’s stock accurately reflects some good news and the substantial risks it still faces. By DIMITRA DEFOTIS / Barron's April 25, 2015 12:03 a.m. ET Bad news has become good news for Brazil’s Petrobras. Otherwise known as Petróleo Brasileiro (ticker: PBR), the state-controlled oil producer and refiner has... Continue Reading →
Fitch warns it may still downgrade Petrobras in next few years
Fri Apr 24, 2015 11:51am EDT Fitch warns it may still downgrade Petrobras in next few years RIO DE JANEIRO, APRIL 24 (Reuters) - Brazil's state-run oil company Petroleo Brasileiro SA avoided an imminent credit downgrade by publishing corruption-delayed financial statements but could still have its ratings cut in the next couple of years, Fitch... Continue Reading →
UPDATE 2-Four Petrobras platforms halt output due to oil leak -union
Fri Apr 24, 2015 12:44 pm EDT UPDATE 2-Four Petrobras platforms halt output due to oil leak -union (Reuters) - Four Petrobras oil platforms off the northeast coast of Brazil have halted production after a leak of about 7,000 liters of oil was detected coming from a pipeline linking them, a local oil workers union... Continue Reading →
Petrobras puts chief’s pragmatism to test as woes mount
http://www.ft.com/cms/s/0/d9515292-ea7e-11e4-a701-00144feab7de.html#ixzz3YFVrrVnB WEEK IN REVIEW April 24, 2015 4:25 pm Petrobras puts chief’s pragmatism to test as woes mount Joe Leahy in São Paulo/FT ©Reuters Aldemir Bendine In an interview in 2009, Aldemir Bendine, then head of Banco do Brasil, Brazil’s biggest bank, was asked about his favourite piece of wisdom. “The pessimist complains about the wind;... Continue Reading →
