Brazil

Chairman of Russia-Brazil Business Council Andrey Guryev, Brazilian Cabinet Members Discuss Prospects for Expanding Cooperation Between Companies from Both Countries

Friday, November 15, 2019 - 8:31am

Since 2004, the RussiaBrazil Business Council has focused on expanding and developing business contacts between Russian and Brazilian businesses, protecting the rights and legitimate interests of Russian entrepreneurs, promoting Russian business in Brazilian markets and attracting Brazilian investments in Russia.

Key Points: 
  • Since 2004, the RussiaBrazil Business Council has focused on expanding and developing business contacts between Russian and Brazilian businesses, protecting the rights and legitimate interests of Russian entrepreneurs, promoting Russian business in Brazilian markets and attracting Brazilian investments in Russia.
  • Since June 2019, the Council has been headed by Mr Guryev, PhosAgro CEO and President of the Russian Fertilizer Producers Association.
  • Russian experience shows that not only business, but also entire countries should be invited to take part in such programmes.
  • I am confident that Russia and Russian business can be a strong and reliable partner for Brazil in upcoming transformations.

In 9M19, Braskem generated free cash flow of R$2.8 billion

Friday, November 15, 2019 - 2:45am

Free cash generation was R$401 million in 3Q19, down 82% from 2Q19, due to the impact on working capital from the lower feedstock consumption, which were offset by the efficient management of inventories in the quarter.

Key Points: 
  • Free cash generation was R$401 million in 3Q19, down 82% from 2Q19, due to the impact on working capital from the lower feedstock consumption, which were offset by the efficient management of inventories in the quarter.
  • Financial leverage measured by the ratio of net debt to EBITDA in U.S. dollar stood at 2.78x.
  • In October, the Company filed 20-F Forms for fiscal years 2017 and 2018 with the U.S. Securities and Exchange Commission (SEC).
  • In November, Braskem placed US$2.25 billion in bonds in the international market, with US$1.5 billion due in 10 years and US$750 million in 30 years, making it the Company's largest bond issue ever.

Shell and partners add pre-salt production in Brazil

Thursday, November 14, 2019 - 9:17pm

(Shell Brasil) and its consortium partners today announced the start of oil and natural gas production at the P-68 floating production, storage, and offloading unit (FPSO), located in BM-S-11A Concession in Berbigo, Sururu and West Atapu.

Key Points: 
  • (Shell Brasil) and its consortium partners today announced the start of oil and natural gas production at the P-68 floating production, storage, and offloading unit (FPSO), located in BM-S-11A Concession in Berbigo, Sururu and West Atapu.
  • This new production at P-68 adds to Shell's already prolific deep-water portfolio in Brazil.
  • The P-69 FPSO, located in the Lula field, reached peak production levels just over 10 months from first production.
  • Shell has 10 operated, deep-water production hubs globally and is on track to deliver sustained production above 900-thousand barrels of oil equivalent (boe) per day through 2025.

Shell and partners add pre-salt production in Brazil

Thursday, November 14, 2019 - 9:11pm

(Shell Brasil) and its consortium partners today announced the start of oil and natural gas production at the P-68 floating production, storage, and offloading unit (FPSO), located in BM-S-11A Concession in Berbigo, Sururu and West Atapu.

Key Points: 
  • (Shell Brasil) and its consortium partners today announced the start of oil and natural gas production at the P-68 floating production, storage, and offloading unit (FPSO), located in BM-S-11A Concession in Berbigo, Sururu and West Atapu.
  • This new production at P-68 adds to Shell's already prolific deep-water portfolio in Brazil.
  • The P-69 FPSO, located in the Lula field, reached peak production levels just over 10 months from first production.
  • Shell has 10 operated, deep-water production hubs globally and is on track to deliver sustained production above 900-thousand barrels of oil equivalent (boe) per day through 2025.

The Conference Board Leading Economic Index® for Brazil, Together with Fundação Getulio Vargas (TCB/FGV Brazil LEI), Declined

Thursday, November 14, 2019 - 3:00pm

NEW YORK, Nov. 14, 2019 /PRNewswire/ --The Conference Board Leading Economic Index for Brazil, together with Fundao Getulio Vargas (TCB/FGV Brazil LEI),decreased 0.1 percent in October2019 to 117.8 (2016=100).

Key Points: 
  • NEW YORK, Nov. 14, 2019 /PRNewswire/ --The Conference Board Leading Economic Index for Brazil, together with Fundao Getulio Vargas (TCB/FGV Brazil LEI),decreased 0.1 percent in October2019 to 117.8 (2016=100).
  • The Conference Board Coincident Economic Index for Brazil, together with Fundao Getulio Vargas (TCB/FGV Brazil CEI),remained unchanged in October2019 at 103.0 (2016=100).
  • The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle.
  • The leading and coincident economic indexes are essentially composite averages of several individual leading or coincident indicators.

IMI and GustoMSC Naming Ceremony: IMI-2030

Thursday, November 14, 2019 - 5:27pm

ABU DHABI, UAE, Nov. 14, 2019 /PRNewswire/ -- International Maritime Industries (IMI) announced today it had officially named the new GustoMSC designed jack-up drilling rig the "IMI-2030".

Key Points: 
  • ABU DHABI, UAE, Nov. 14, 2019 /PRNewswire/ -- International Maritime Industries (IMI) announced today it had officially named the new GustoMSC designed jack-up drilling rig the "IMI-2030".
  • This comes just over a month since IMI signed a License Agreement with GustoMSC, an NOV company.
  • Commenting on the naming ceremony, Fathi K Al Saleem, CEO of IMI, said: "The naming of this jack-up drilling rig is a major step for IMI.
  • Given how important the Saudi Vision 2030 is to IMI and to GustoMSC, the name was highly appropriate.

IMI and GustoMSC Naming Ceremony: IMI-2030

Thursday, November 14, 2019 - 5:22pm

ABU DHABI, UAE, Nov. 14, 2019 /PRNewswire/ -- International Maritime Industries (IMI) announced today it had officially named the new GustoMSC designed jack-up drilling rig the "IMI-2030".

Key Points: 
  • ABU DHABI, UAE, Nov. 14, 2019 /PRNewswire/ -- International Maritime Industries (IMI) announced today it had officially named the new GustoMSC designed jack-up drilling rig the "IMI-2030".
  • This comes just over a month since IMI signed a License Agreement with GustoMSC, an NOV company.
  • Commenting on the naming ceremony, Fathi K Al Saleem, CEO of IMI, said: "The naming of this jack-up drilling rig is a major step for IMI.
  • Given how important the Saudi Vision 2030 is to IMI and to GustoMSC, the name was highly appropriate.

Tree Nut and Dried Fruit Productions to Add up to 4.5 Million and 3.3 Million Metric Tons, Respectively

Thursday, November 14, 2019 - 1:37pm

World tree nut production for the 2019/2020 season has been forecasted at about 4,538,000 metric tons (kernel basis, except pistachios in-shell), slightly up from 2018/19.

Key Points: 
  • World tree nut production for the 2019/2020 season has been forecasted at about 4,538,000 metric tons (kernel basis, except pistachios in-shell), slightly up from 2018/19.
  • Its members include more than 800 nut and dried fruit sector companies from over 80 countries.
  • INC's mission is to stimulate and facilitate sustainable growth in the global nut and dried fruit industry.
  • It is the leading international organization on health, nutrition, statistics, food safety, and international standards and regulations regarding nuts and dried fruit.

Tree Nut and Dried Fruit Productions to Add up to 4.5 Million and 3.3 Million Metric Tons, Respectively

Thursday, November 14, 2019 - 1:35pm

World tree nut production for the 2019/2020 season has been forecasted at about 4,538,000 metric tons (kernel basis, except pistachios in-shell), slightly up from 2018/19.

Key Points: 
  • World tree nut production for the 2019/2020 season has been forecasted at about 4,538,000 metric tons (kernel basis, except pistachios in-shell), slightly up from 2018/19.
  • Its members include more than 800 nut and dried fruit sector companies from over 80 countries.
  • INC's mission is to stimulate and facilitate sustainable growth in the global nut and dried fruit industry.
  • It is the leading international organization on health, nutrition, statistics, food safety, and international standards and regulations regarding nuts and dried fruit.

Fielo Unveils Fielo Employee Incentives as Part of its Salesforce-Native Loyalty and Incentives Clouds

Thursday, November 14, 2019 - 2:00pm

Fielo, the pioneer in loyalty and incentives automation, today announced the general availability of its solution for incentivizing employee behavior, Fielo Employee Incentives.

Key Points: 
  • Fielo, the pioneer in loyalty and incentives automation, today announced the general availability of its solution for incentivizing employee behavior, Fielo Employee Incentives.
  • Fielo Employee Incentives allows businesses to drive deeper engagement and adoption of their CRM, whether thats sales reps, service agents, or any other customer-facing employee.
  • With the addition of Fielo Employee Incentives, Fielo is extending the power of its Incentives Cloud to an organizations most valuable asset, its employees.
  • With the announcement of Fielo Employee Incentives today, Fielo customers have a powerful solution for ensuring their CRM investment and driving deeper adoption of it.