Bureaucracy prevents investment in small oil and gas companies in Brazil

Micro, small and medium enterprises supplying the oil and gas industry are dying on the beach when it comes to obtaining funds from BNDES (National Bank for Economic and Social Development), a government bank.

With no experience or accounting advice …

Bad results in Brazil: the country falls victim of its government again, also in the oil and gas sector

Brazilian investors have discovered that the natural resources of the pre-salt does not just mean cash in hand and that high (oil) expectancy succumbed to reality, said a report published Monday by the U.S. newspaper Wall Street Journal.

With the …

Cisco and Microsoft to open centers in Brazil

The Secretary of Development of the State of Rio, Julio Bueno said on Monday that negotiations are well advanced for Microsoft to start operations in Rio de Janeiro. He declined to forward details of the talks, but quoted the U.S. …