Class action aims to compensate investors that bought Petrobras securities

Foreigners that invested in Petrobras, the brazilian oil company, and were harmed by the corruption scandals under Lula’s government can participate in a class action of more than R$ 50 billion in compensation. This money will end up coming out …

Article about Rio on NYT and bad news for Petrobras with workers on strike

Still in Carnaval mode i will just leave you with a few good reads this week…
Good news for Rio with a long article on tourism in Rio on NYT… http://travel.nytimes.com/2013/02/17/travel/rio-with-eyes-open.html?pagewanted=1&_r=1&adxnnlx=1361038464-qyPPZesnF8nD3QXaL0IBTQ&

More bad news for Petrobras with its workers on …

Wave of bad news for Petrobras

Remember that Brazilian company that has discovered huge reserves of oil and inaugurated the new frontier of global exploration in deep waters? Remember that Brazilian company that supposedly would take Brazil from its economic past and push the country to …

Forms of exploitation of the pre-salt oil areas in Brazil

The form of exploitation of oil in “pre-salt” layer of Brazil is of extreme importance for the future development of Brazil. Many people are out of the debate, not familiar with the proposals. However we will explain below the four …

Petrobrás announces new oil discovery(yet another one!)

Petrobras announced the discovery of oil of good quality in the third well drilled in the area of ​​Cessão Onerosa(Transfer of Rights, Oil-For-Stock Swap), located in an area called South of Guara, in the Santos(SP) pre-salt Basin.

According to the …

Brazil At Risk Of Becoming One Big Petrobras

From Forbes Magazine – It’s probably not the biggest risk Brazil faces, but it is worth noting that the one true magnet that’s attracting all of that foreign capital flowing into Brazil is due to just one company: oil and …