Bloomberg Brazil’s Senate approved legislation that relieves Petrobras of its role as sole operator and mandatory stakeholder in so-called pre-salt deepwater oilfields, potentially allowing the state-run company to direct resources to more profitable operations. Legislators on Wednesday night voted 40 to 26 in favor of the bill, which was introduced by opposition Senator Jose Serra and now goes to the ...

Rio De Janeiro / Bloomberg Cheniere Energy Inc. expects to ship the first cargo of liquefied natural gas to Brazil with another tanker to be loaded a few days later, marking the historic start of U.S. shale gas exports and boosting its shares to the highest level in a month. The Asia Vision tanker will carry the first shipment of ...

Panama City / BLOOMBERG Panama’s free trade zone — the biggest in Latin America — is in crisis in large part because of economic woes sapping major export customers Venezuela and Colombia, Commerce Minister Augusto Arosemena said. “The patient (the Colon Free Trade Zone) is in a coma because re-exports have gone down and some companies have closed,” he told ...