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Non-Tech : The Brazil Board -- Ignore unavailable to you. Want to Upgrade?

To: DewDiligence_on_SI who wrote (818)	3/13/2012 5:24:35 PM
From: elmatador	Respond to of 2504

(BG) with $5bn tied up chiefly in five offshore blocks off the country’s south-eastern coast. It also has a majority holding in Brazil’s largest natural gas distributor, Comgás, and a stake in a gas pipeline between Latin America’s largest economy and its neighbour, Bolivia. “BG Group has been present in Brazil for over 18 years,” the company said at the event to promote UK interests. Brazil oil and gas attract foreign groups By Joe Leahy in São Paulo The natural gas company is the largest UK investor in Brazil, with $5bn tied up chiefly in five offshore blocks off the country’s south-eastern coast. It also has a majority holding in Brazil’s largest natural gas distributor, Comgás, and a stake in a gas pipeline between Latin America’s largest economy and its neighbour, Bolivia. “BG Group has been present in Brazil for over 18 years,” the company said at the event to promote UK interests. When Britain’s Prince Harry last week rode the cable car to the top of Sugar Loaf Mountain, one of Rio de Janeiro’s biggest tourist attractions, it was hardly surprising that BG Group was among the companies at the event showcasing its presence in the Latin American market. The natural gas company is the largest UK investor in Brazil, with $5bn tied up chiefly in five offshore blocks off the country’s south-eastern coast. It also has a majority holding in Brazil’s largest natural gas distributor, Comgás, and a stake in a gas pipeline between Latin America’s largest economy and its neighbour, Bolivia. “BG Group has been present in Brazil for over 18 years,” the company said at the event to promote UK interests. But BG and other longstanding investors in the country no longer have the market to themselves. Since Shell became the first international operator to start oil and gas production in Brazil in 2003, ending the former monopoly of state-owned oil operator Petrobras, at least 36 foreign companies have entered the country’s upstream market, according to Ernst & Young. Chinese companies, particularly oil and petrochemical group Sinopec, are now among the largest investors in Brazilian oil and gas. Sinopec in November paid a total of $5.2bn for a 30 per cent stake in the Brazilian assets of Galp Energia, the Portuguese energy company. This follows Sinopec’s $7.1bn purchase of the Brazilian assets of Repsol YPF in 2010. Among the other Chinese groups, Sinochem has a $3.1bn stake in a field off Brazil’s south-eastern coast operated by Norway’s Statoil. Most other international oil majors are represented in Brazil as well – aside from Shell and BG, Chevron and ExxonMobil have interests in blocks in the country and BP has bought $7bn in assets from Devon Energy of the US that include interests in Brazil. But Brazil also comes with its risks, as Chevron discovered after a small oil leak at a field near Rio de Janeiro last year provoked an outcry from all levels of government accompanied by a $10.6bn lawsuit.

To: DewDiligence_on_SI who wrote (818)	3/22/2012 9:27:22 AM
From: elmatador	Read Replies (1) \| Respond to of 2504

Brazil's probable oil reserves may jump to 30 billion barrels in the near future, from 15 billion at present, the new president of Brazil's oil regulator ANP said Wednesday. Brazil's oil reserves may soon double [iframe style="WIDTH: 0px; DISPLAY: none; HEIGHT: 0px" id=odbPingIframeId src="about:blank" frameBorder=0 name=odbFrame][/iframe] RIO DE JANEIRO -(MarketWatch)- Brazil's probable oil reserves may jump to 30 billion barrels in the near future, from 15 billion at present, the new president of Brazil's oil regulator ANP said Wednesday. At present only 4% of Brazil's sedimentary basins, which potentially hold oil, are being researched, said Magda Chambriard, taking office as ANP president in Rio de Janeiro. Further investments in the sector need to be encouraged to help boost Brazilian industrial development, said Chambriard, the first woman to head up the ANP. ANP is working on a system of "intelligent supervision" of operations in the oil exploration, production, refining and distribution areas, Chambriard said. This will involve striking partnerships with other public sector bodies to ensure efficient supervision of all areas, including environmental control, she said

To: DewDiligence_on_SI who wrote (818)	3/29/2012 1:50:19 AM
From: elmatador	Read Replies (1) \| Respond to of 2504

Brazil is right when it administer their internal market pricing to insulate economy from the volatility cause by all the devices that causes the fluctuations of international market prices of oil. siliconinvestor.com Here is a choice: Manage the economy for 200 million people who have a higher stakes in the economy outcome or for 200 investors who have no part in the outcome of the economy. Investors can just sell and do something else with the proceeds. The 200 million people there have to live with the outcome.