23/05/2017 The uncertainties brought by the political crisis have left the oil and gas and electric power industries apprehensive about the resumption of investments in the country and the agendas that were in progress. Among the oil companies, the perception is that the auctioning schedule announced by the […]
The mandate of Michel Temer is hanging by a thread after he was linked to a giant corruption scandal A woman demonstrates against Brazil’s president Michel Temer during a protest in Union Square in New York. PHOTO: CARLO ALLEGRI/REUTERS By Paul Kiernan Updated May 23, 2017 8:40 a.m. […]
Tue May 23, 2017 Odebrecht Óleo & Gás SA, the offshore oil drilling firm owned by Brazil’s Odebrecht SA, reached an agreement with more than 60 percent of its creditors for a restructuring of about $5 billion in debt, it said in a statement on Tuesday. OOG, as […]
Rio de Janeiro, May 23, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that has executed the pre-payment of a debt with Citibank, N.A. in the amount of US$ 500 million and maturity in 2017 and 2018. Petrobras executed simultaneously with this institution a new funding in the […]
Rio de Janeiro, May 22, 2017 – Petróleo Brasileiro S.A. – Petrobras announces that it has closed today a US$ 4 billion issuance of 2022, 2027 and 2044 notes in the international capital markets. The notes were reopened by Petrobras’ wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) and […]
Brazil’s annualized inflation rate likely eased below 4 percent in the middle of May for the first time in nearly ten years, according to economists surveyed by Reuters, leaving conditions ripe for the central bank to cut interest rates at the end of this month despite growing political […]
Brazilian assets resumed a selloff Monday as investors fled what had been one of the most popular trades in emerging markets. The real and local stocks were among the world’s worst performers as President Michel Temer’s support deteriorated further over the weekend, days after an audio recording emerged […]
May 19th, 2017 Wärtsilä is forming partnerships with a number of shipyards to assist in meeting new International Maritime Organization (IMO) standards that will come into effect in September this year for the management of ballast water in ships. According to the Finnish company, the objective is to […]
May 19th, 2017 The National Petroleum Agency (ANP) has released Petrobras to present a new revision of the Papa-Terra Field Development Plan in the Campos Basin. Initially, the state company had until July 31 to present the review, which should encompass the updating of the geological and simulation […]
Rio de Janeiro, May 19, 2017 – Petróleo Brasileiro S.A. – Petrobras, in compliance with article 12 of CVM Instruction no. 358, dated of 1/3/2002, informs that it was notified by BlackRock, Inc. (“BlackRock”) that the latter has sold preferred shares issued by the company, and as of […]
