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Tag Archives: Brazil

Commodity slump threatens return to “junk” for top emerging nations

pump jack

LONDON, Nov 17 – Slumping prices for oil and other commodities and the prospect of rising global interest rates threaten to return some of the biggest emerging market (EM) nations to “junk” credit ratings, laying bare many countries’ failure to reform in the good times. Emerging economies have earned roughly 200 rating upgrades since 2007, nearly half of them to ...

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W.Va.’s Tomblin to lead trade mission to Brazil

Petrochemical plant ( oil refinery ) industry at twilight time

CHARLESTON, W.Va. (AP) — Gov. Earl Ray Tomblin is set to lead a trade mission to Brazil to discuss the potential development of a petrochemical complex and ethane cracker plant in Wood County. Officials say the five-day mission is scheduled to begin Monday and will include members of the West Virginia Development Office. Tomblin’s office says the focus of the ...

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Exporters fail on pledge to curb bribery – watchdog

BERLIN, Oct 23 – Big exporting nations are breaking their pledge to fight corruption in global trade, with more than half of the countries that have signed an anti-bribery convention failing to implement it, a report by Transparency International (TI) showed on Thursday. The Berlin-based anti-corruption watchdog named Japan, the Netherlands, Greece, Russia and Brazil as among the worst offenders. ...

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Brazil group visits to learn more about shale


As Brazil seeks to develop its shale reserves, a group of delegates representing energy companies, government and business groups stopped in Pittsburgh to see what lessons could be learned from the Marcellus Shale. About a dozen representatives were hosted by law firm Reed Smith, which fielded questions about drilling techniques, regulations and the environment. The visit, which includes meetings with ...

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Bribery allegations confirmed by former Petrobras chief

petrobras logo

Shane Thielges | Shale Plays Media The former head of Brazil’s state-run oil company Petrobras has admitted to accepting a $636,000 bribe in connection to its purchase of a Texas refinery. Paulo Roberta Costa was arrested last March following an investigation on charges of money laundering. In July, investigators added bribery to his list of charges. Costa admitted to accepting ...

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African oil sales hurt by U.S. shale boom


Shane Thielges | Shale Plays Media Africa’s drilling industry is growing at a remarkable pace. Overseas investments in Sub-Saharan nations hit a record $43 billion in 2013, in part because of new oil and gas deposit discoveries. The continent supplies 6.5 percent of the world’s crude oil, and the Energy Information Administration says this number has grown by 3 percent each year ...

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Switch from gasoline to ethanol linked to higher ozone levels

Neela Banerjee, The Tribune Washington Bureau WASHINGTON – Scientists have made a surprising discovery about ethanol: The more it was used by drivers in Sao Paulo, Brazil, the more ozone they measured in the local environment. The finding, reported this week in Nature Geoscience, is contrary to other studies predicting that increased use of ethanol would cut levels of ground-level ...

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