Mariano Vela, a geologist with 20 years of experience in the oil sector, will oversee Chevron Corp’s operations in Brazil, reported Reuters. According to his Linkedin profile, Vela has been Chevron’s “Global Earth Science Sponsor” since January 2015.
Petrobras removed restrictions on doing business with Odebrecht. Both Petrobras and Odebrecht were the center of corruption investigations.
Venezuela oil production fell last month as global oil prices continue to rise, according to OPEC’s April report. Other nations in the region like Brazil and Guyana are taking advantage of higher energy prices by investing in new offshore production.
The economic crisis in Venezuela has become a migration crisis. In the last two years, nearly one million Venezuelans emigrated as their country’s economy fell. The Washington Post reports on how Venezuela’s neighbors are dealing with influxes of migrants and… Read More ›
A vote to allow President Michel Temer to be tried on corruption charges failed to muster enough support in the Chamber of Deputies. The vote on Wednesday in the lower chamber of Brazil’s Federal Congress was 251 in support of… Read More ›
The Brazilian Senate voted 44 to 26 on Tuesday to return Aecio Neves back to the legislative body. The vote in favor of Senator Neves is a blow to recent anti-corruption efforts in Brazil. Latin America’s largest country is embroiled in… Read More ›
On Wednesday, the Supreme Federal Court of Brazil voted to allow the Congress to decide the fate of its members. The 6 to 5 overturns a previous ruling to suspend Senator Aécio Neves. Aécio Neves was elected to the Senate from… Read More ›