The British Consulate Seminar for Rio Oil & Gas 2014

The British Consulate Seminar for Rio Oil & Gas 2014

By Sarah Brown, Contributing Reporter RIO DE JANEIRO, BRAZIL – British oil and gas companies looking for overseas expansion will have the opportunity to glean valuable market insights within Brazil as the British Consulate in Rio de Janeiro welcomes their arrival with a series of seminars, testimonials and presentations at this year’s Rio Oil & […]

Petrobras Forecasts Hike in Production, Exports and Prices

Petrobras Forecasts Hike in Production, Exports and Prices

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Despite continuing to set records for oil production in the past few months, net profits for Brazil’s giant oil conglomerate, Petrobras, plunged 25 percent, to R$10.3 billion in the first semester of 2014 in comparison to the same period last year. In both June and […]

Brazil Petroleum Production Sets Record in June: Daily

Brazil Petroleum Production Sets Record in June: Daily

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Oil production in Brazil set a record in June, totaling 2.79 million barrels of BOE (barrel of oil equivalent), according to data from the ANP (National Petroleum Agency). The volume is 2.6 percent greater than that registered in May of 2014 and 6.9 percent higher […]

Tax Income Increases from Small and Medium-Sized Companies

Tax Income Increases from Small and Medium-Sized Companies

By Sarah Brown, contributing reporter RIO DE JANEIRO, BRAZIL – It is the small to medium-sized companies that are gaining the bigger profits in Brazil against last year’s figures, according to the Internal Revenue Sector. They state that the low growth of federal revenues in the first semester is linked to the performance of the […]

Opinion: The Curmudgeon on “A Billion Here, a Billion There…”

Opinion: The Curmudgeon on “A Billion Here, a Billion There…”

Opinion, By Michael Royster RIO DE JANEIRO, BRAZIL – The Curmudgeon quotes former [U.S.] Senator Everett Dirksen (R-Ill): “A billion here, a billion there; pretty soon, you’re talking real money.” And again: “A billion here, a billion there, a billion somewhere else, three to five billion for public works. You haven’t got any budget balance […]

Brazil Petroleum Deficit of R$6 Billion in 2014

Brazil Petroleum Deficit of R$6 Billion in 2014

By Lise Alves, Contributing Reporter SÃO PAULO, BRAZIL – The petroleum sector trade balance in Brazil registered a deficit of R$6.059 billion during the period from January to April of 2014, according to the nation’s Ministry of Development, Industry and Foreign Trade (MDIC). The result, however, is better than that registered during the same period […]

Brazil’s Petrobras to Slash 8,298 Jobs: Daily

Brazil’s Petrobras to Slash 8,298 Jobs: Daily

By William Jones, Contributing Reporter RIO DE JANEIRO, BRAZIL – Petrobras has announced that it will release 8,298 employees – or 12.4 percent of its staff – as part of a voluntary redundancy program. The initiative will save at least R$13 billion by 2018, the state-controlled oil firm said in a statement. In that release […]

President Rousseff Announces Welfare Reform: Daily

President Rousseff Announces Welfare Reform: Daily

By William Jones, Contributing Reporter RIO DE JANEIRO, BRAZIL – President Dilma Rousseff has declared that there will be changes to the ‘Bolsa Familia’ program which will include higher payments, tax breaks for the worse off and an increase in the national minimum wage to match inflation. The promises of amendments to the social welfare […]

Rousseff: Petrobras Saved Shipbuilding: Daily

Rousseff: Petrobras Saved Shipbuilding: Daily

By William Jones, Contributing Reporter RIO DE JANEIRO, BRAZIL – President Dilma Rousseff has said that the shipbuilding industry is expected to reach the milestone of hiring 100,000 workers in 2017. Speaking on her radio program “Coffee with the President” the Brazilian President said that the industry is “strong” and the country has Petrobras to […]

Rousseff Labels Petrobras CPI a Political Dispute

Rousseff Labels Petrobras CPI a Political Dispute

By Maria Lopez Conde, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazilian President Dilma Rouseff deemed the opposition’s efforts to establish a Parliamentary Commission of Inquiry (CPI) into alleged irregularities at state-controlled Petrobras a “political dispute” this Monday, April 7th. At a speech in Minas Gerais, Rousseff discarded the claims that she approved of the […]

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