To understand modern Brazil is to appreciate the critical role oil and gas exploration has played in its development.

In the wake of early onshore oil field discoveries in the 1930s, the Brazilian government took decisive control over the industry’s development in 1953 by claiming national ownership of all oil deposits. Under the resultant Petrobras, this monopoly would last more than 40 years during which Brazil achieved a unique mastery of deepwater drilling technology.

On The Move

Tuesday, 22 July 2014 Written by

Latest in-house and private practice moves from some of the biggest players in our markets!

In the 2014 edition of IFLR1000 Energy and Infrastructure guide, Squire Patton Boggs received three practice rankings in the Latin America region, with three lawyers recognized as “leading lawyers.”

By Rita Gustafsson

General Counsel, Bomardier. Inc

Good advice does not come for free is a common saying, and coming from a lawyer it usually does not. Additionally, there may be a few caveats, carve-outs and other formalities to indemnify the lawyer providing the advice. So when one does get good advice for free, one should embrace it – especially when it is from a colleague and with no indemnification clause attached to it.

By Antonio Garza, former U.S. Ambassador to Mexico

Mexico’s Congress will soon approve the secondary legislation tied to the landmark energy reform it passed last December. The legislative package, expected to pass this summer, addresses 21 laws necessary to implement the reform and support its goals of transparency, competition and growth. Anticipation of a new energy era in Mexico is building and expectations for the reform’s beneficial economic effects are great.