pierce Brazil has been one of the hottest plays going in the oil and gas sector the last several years. But recent financial and corruption woes in the country are prompting some critical changes. The Brazilian Senate last week passed a bill to allow foreign E&Ps to take greater control of offshore fields. And late last … Read more
This week in Pierce Points: E&Ps kept their good credit. A survey of U.S. oil and gas producers shows bank lines have been cut much less than expected. China hinted at a plan to control Asia’s copper. Officials want to buy concentrate and build smelters along the Silk Road. Ecuador’s mining sector rebranded itself. The government is offering better tax rates to … Read more
Little-reported but extremely critical data point for the oil and gas industry emerged yesterday. With insiders in the debt business saying that risk levels in the sector have risen to unprecedented levels. That came from major ratings service Moody’s. With the firm saying that one of its proprietary indexes of credit problems in the oil and … Read more