Brasil Port To Support Equinor

The company from the Edison Chouest Group has signed a contract to provide logistics services for the Norwegian oil company

The company from the Edison Chouest Group has signed a contract to provide logistics services for the Norwegian oil…

IEA Replaces Brazil in Global Biofuels Platform

The agency's plan is to help countries meet the global production target of 1.1 trillion liters of biofuels by 2050

The agency's plan is to help countries meet the global production target of 1.1 trillion liters of biofuels by 2050…

Petrobras Hires More Umbilicals

Petrobras has ordered 235 km for the pre-salt fields in the Santos Basin

Petrobras has ordered 235 km for the pre-salt fields in the Santos Basin
From the Media

Feb 20, 2019 - Associated Press

Ford Motor Co., attempting to turn around its money-losing South American business, is shutting a factory in Brazil and exiting the region's commercial heavy-truck business. The automaker expects to record US$ 460 million in charges and will halt production this year at its Sao Bernardo do Campo assembly plant, according to a statement. The plant employs almost 2,800 workers building Cargo, F-4000 and F-350 trucks, plus the Fiesta small car. A spokesman declined to give a specific number of job losses as the company continues to work with union officials on the cutbacks. "We know this action will have a major impact on our employees in Sao Bernardo and we will be working closely with all our stakeholders on the next steps," Lyle Watters, Ford of South America's president, said in the statement.

Feb 20, 2019 - Agencia Brasil -EBC

Federal Police agents on Tuesday (Feb. 19) temporarily arrested Robson Andrade, head of the country’s National Industry Confederation (CNI), as part of Operation Puppet Show (Operação Fantoche). Robson and ten other suspects have been accused of fraud in forging partnerships under the Ministry of Tourism with entities comprised by the so-called Sistema S—Sesi, Senai, Sesc, Sebrae. Their imprisonment was allowed by court authorities in Pernambuco. The probe targets partnerships between private associations and Sistema S. Sistema S encompasses nine institutions linked to industrial, commercial, rural, and transport institutions, dedicated to the professional training and leisure of Brazilian workers.

Feb 20, 2019 - Reuters

Brazil oil company Petrobras' has hired the investment banking unit of Banco Santander Brasil SA to revive efforts to sell its liquefied petroleum gas (LPG) distribution unit, four sources with knowledge of the matter said on Tuesday. Petrobras, as the state-controlled company is known, had agreed in 2016 to sell Liquigas Distribuidora SA to local rival Ultrapar Participações SA in a process managed by the investment banking unit of Itau Unibanco Holding SA. Petrobras, Santander Brasil and Itau did not immediately respond to requests for comment. Petrobras' new Chief Executive Roberto Castello Branco has committed to accelerating asset sales and reducing the company's dominance in areas such as refining.

Feb 20, 2019 - Bloomberg

Brazilian President Jair Bolsonaro fired a key political ally and cabinet member amid a campaign funding scandal, raising doubts over his government’s unity and the prospect of economic reforms. Secretary-General Gustavo Bebianno’s dismissal was confirmed by the presidential spokesman on Monday afternoon, after days of intense speculation. The ruling PSL party that Bebianno headed and Bolsonaro joined less than a year ago allegedly misused campaign funds during last year’s election, according to Folha de S.Paulo. The crisis, only 45 days into Bolsonaro’s government, showcases a deepening rift in his inner circle that threatens to derail a vital pension overhaul that could make or break Brazil’s economic recovery.