Brought to you by Quest Offshore & Southern Cone Consultants
Shell in Talks to Buy BG Group Deal for gas producer, which has $46 billion market cap, would be one of year’s biggest Royal Dutch Shell is in talks to acquire BG Group, according to people familiar with the matter. PHOTO: ASSOCIATED PRESS By DANA MATTIOLI And SHAYNDI RAICE/WSJ Updated April 7, 2015 4:32 p.m. ET Royal Dutch... Continue Reading →
Mon Apr 6, 2015 7:22pm EDT Petrobras to halt 5 drill rigs under contract with Schahin -filing SAO PAULO, APRIL 6 (Reuters) - Brazil's state-run oil company Petroleo Brasileiro SA said on Monday it would halt five drilling rigs under contract with Schahin. Petrobras, as the company is known, said it was informed by Schahin... Continue Reading →
Tue Apr 7, 2015 10:37am EDT Petrobras expects a $14.3 bln loss on Comperj refinery -O Globo RIO DE JANEIRO, APRIL 7 (Reuters) - Brazil's state-run oil company Petrobras will lose at least $14.3 billion on its unfinished Comperj refinery, nearly 12 times more than the plant is expected to earn from operations over its... Continue Reading →
Tue Apr 7, 2015 10:16am EDT Scandal-hit Petrobras may issue earnings in April: JP Morgan RIO DE JANEIRO | BY GUILLERMO PARRA-BERNAL A policeman stands in front of the Petrobras headquarters during a protest in Rio de Janeiro March 4, 2015. REUTERS/SERGIO MORAES (Reuters) - Petróleo Brasileiro SA, struggling with fallout from a corruption scandal and a... Continue Reading →
Mon Apr 6, 2015 4:47pm EDT Sete Brasil signs memorandum suspending debt for 90 days SAO PAULO, APRIL 6 (Reuters) - Brazilian oil rig producer Sete Brasil Participações SA said on Monday it signed a memorandum of understanding with its main creditors on March 31 that will suspend debt collection rights for 90 days. Earlier... Continue Reading →
4/05/2015 @ 10:02PM 5,962 views Here's How The Petrobras Scandal Is Helping Destroy Brazil's Job Market Kenneth Rapoza/Forbes Brazil’s economy is expected to contract this year. But the biggest downer in the country is the enormous Petrobras scandal that is pulling the rug out from under thousands of low skilled workers. Civil construction is an important economic sector in... Continue Reading →
4/06/2015 @ 5:17PM 2,354 views Here's How Much Petrobras 'Partners-in-Crime' Lost In Oil Scandal Kenneth Rapoza /Forbes The Petrobras oil scandal is taking billions of dollars out of the coffers of construction majors that colluded with the Brazilian state-owned company in a decades old fraud scheme. But they are not the only ones feeling the pain. All told, five... Continue Reading →
Petrobras Suppliers Thrown China Lifeline in Credit Squeeze By Sabrina Valle 6:04 PM BRT April 6, 2015 A group of Petroleo Brasileiro SA suppliers is negotiating about $3.5 billion in loans from Chinese institutions as China expands support for Brazil’s oil industry, the Brazil-China Chamber of Commerce & Industry said. About half of the more... Continue Reading →
Petrobras Probe Spurs Regulatory Fight on Leniency for Suppliers By Anna Edgerton 11:13 PM BRT April 6, 2015 Attorney General Luis Inacio Adams, seen here, said, “Of course companies need to be punished. They have to go through a process that’s perhaps traumatic to recover from. But that traumatic process shouldn’t necessarily mean the death... Continue Reading →
Petrobras Suppliers Negotiate Chinese Credit Deal, Chamber Says By Peter Millard 6:04 PM BRT April 6, 2015 A group of Petroleo Brasileiro SA suppliers is negotiating about $3.5 billion in loans from Chinese institutions as China expands support for Brazil’s oil industry, the Brazil-China Chamber of Commerce & Industry said. About half of the more... Continue Reading →
