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By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL - Brazil's beleagured state-run oil company Petrobras registered a surprising surge in their latest earnings report on Friday, August 3rd, with net second quarter income soaring to US$2.68 billion (R$10.072 billion),...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Oil giant of Brazil, Petrobras, will have to pay Cayman Island based Vantage Drilling International, US$622.02 million after the Brazilian company rescinded the drilling contract between the two companies,...
Opinion, by Michael Royster RIO DE JANEIRO, BRAZIL - The most sacred cow in Brazil is Petrobras. When calved in 1953, its birthright included a monopoly over the exploration, production, development, refining and distribution of oil and gas. It lost...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Trying to ease uncertainty after the resignation of Petrobras president Pedro Parente on Friday morning, Brazilian President, Michel Temer, announced Parente’s successor and stated that the government will not...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Just as supplies and fuel were starting to trickle down to supermarkets and gas stations, after more than a week of protests from truck drivers in Brazil, the country...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – An agreement was reached on Thursday night by the Brazilian government and truck drivers ending the protests that almost brought the country to a standstill. Truck drivers agreed to...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Truck drivers are causing havoc and chaos in twenty Brazilian states as they block highways for the fourth day in a row, protesting the increase in diesel fuel prices....
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Truck drivers across Brazil plan to block for the second day major highways across the country to protest the rising fuel prices. The Brazilian Truck Drivers Association (ABCAM) argues...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The Federal Public Prosecutor's Office in the state of Paraná (MPF-PR), launched today the 51st phase of Operação Lava Jato (Car Wash Operation), focusing on corruption and money laundering...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – As Brazilian officials celebrated extremely positive pre-salt production, President Michel Temer signed on Wednesday concession contracts for another six pre-salt areas auctioned in October of 2017, raising expectations that production...
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