Archive for the ‘Petrobras’ Category

Oppostion starts to coordinate resignation of lower House speaker

November 23, 2015

The maneuver of Chamber of Deputies speaker Eduardo Cunha (Brazilian Democratic Movement Party, PMDB, of Rio de Janeiro), who prevented last week that the Ethics Council evaluated an opinion requesting his ousting, was a mistake that should precipitate his resignation. The analysis is of an opposition leader who believes that Mr. Cunha has lost political support in Congress with his decision to suspend the council session, also saying that the speaker has less and less support among deputies. The resignation of the PMDB member would be a less traumatic alternative to a potential ousting, according to this parliamentarian. The opposition is about to start working behind the scenes with Mr. Cunha’s allies to persuade him to step down still this year. The resignation is seen by the opposition as a first step to carry out the impeachment of President Dilma Rousseff.    23nov15
Waldemar Jezler


Brazil to Woo Big Oil by Offering 30% of Libra’s Profits

June 14, 2013

Brazil is preparing to woo producers by offering at most a 30 percent take for developing its largest oil field. Analysts say it’s enough to spur interest.

The oil regulator is preparing a road show to the U.S., Europe and Asia in late June and early July to market Libra, the largest oil discovery in Brazil that is up for auction in October, Magda Chambriard, the head of the National Petroleum Agency, said yesterday. The quality of the oil and the size of the reserves have lured the interest of all major companies from Chevron Corp (CVX). to China Petrochemical Corp., or Sinopec, she said. (more…)