Posts Tagged ‘Rent in Rio’

Interview with Dan Babush of Rent in Rio

December 17, 2009

A Rio de Janeiro Vacation Rental Pro Shares Recommendations and Tips

By Patricia Ribeiro, About.com Guide

Dan Babush

Renting an apartment in Rio can be a very positive experience. However, sorting the good deals from the bad ones is a job best left to someone with a deep knowledge of the local scene, even more so if you’re a first-time visitor. Dan Babush, founder and president of Rent in Rio, a branch of Global Action Outfitters, Inc. is such a pro. Read full article.

New Years Eve in Rio de Janeiro

December 10, 2009

While Rio’s best known party is Carnaval, the city’s New Years Eve celebrations are among the best in the world. There are fabulous parties in many of Rio’s restaurants, clubs and hotels, but site of the liveliest party is Copacabana Beach. Nearly one million people gather on the beach, all dressed in white, ready to bring in the near year with an epic night of partying. Many bring candles and candlelit offerings to the Goddess of the Sea, Iemanja, and set them at water’s edge to be taken out to sea. At midnight, the arrival of the New Year is announced by a massive fireworks display. Elaborate shows with samba, “pagode” and popular Brazilian music are set up on numerous stages along the four kilometer beach. The night of entertainment ceases only as the sun begins to rise.

Check out this growing list of New Year’s Eve 2010 parties in Rio.  Tickets are still available for parties, and accommodations are available at Rent in Rio.

Brazil to Reduce Carbon Emissions

November 20, 2009

Brazil’s President Luiz Inacio Lula da Silva announced Monday that he expects the leaders from the Asia-Pacific Economic Cooperation (APEC) to commit to a reduction of greenhouse gases.

In his weekly radio show, Lula expressed his worry on the matter of climate change and said that he expects the APEC leaders to advance on the discussions, in order to reach a proposal to be presented to the United Nations Climate Change Conference (COP-15), which will take place in December in Copenhagen.

President Lula noted Brazil’s commitment on the matter last week. The country announced its intention to commit to a reduction of 36.1 to 38.9 percent in its greenhouse gas emissions by 2020.

According to the government plan, about 20 percent of the reduction will originate from the reduction in the deforestation in the Amazon Rainforest region, while the other 20 percent will result from actions to protect the Brazilian savannah, to promote the use of green steel and biofuels and to increase energy efficiency.

President Lula said that Brazil’s commitment indicates that things are going well in the country, including a sign of economic growth and progress.

Brazil stocks ended higher Tuesday boosted by Ministry of Finance comments of higher and steady economic growth ahead. Brazil is also anticipating growth due to an influx of tourism to Rio de Janeiro. The city is making efforts to prepare the city for the Olympics and the World Cup, including making drastic changes to it’s transportation infrastructure.

Brazil’s benchmark Ibovespa stock index ended 1.17% higher at 67,405 points on the Brazilian Stock Exchange, its highest closing level since June last year.

Traded volume was a tad above average at 6.6 billion Brazilian reals ($3.84 billion).

Finance Minister Guido Mantega said Tuesday Brazil’s gross domestic product could grow steadily between 6% and 6.5% a year in the period 2010 through 2016, with investment jumping 13% to 15% next year, the Estado news agency reported.

The Rise of Rio Rentals

November 12, 2009

RENTINRIO1The apartment rental market in Rio is thriving now more than ever. Dan Babush, president of RentinRio.com, recently returned from a one week vacation. While he was away, our vice president and chief of images were in Brazil taking photographs and finding new apartments, so the emails were not being answered as quickly as they normally would. As a result, Dan returned to find 1,800 requests sitting in his mailbox.

“There are a few factors underlying this trend,” says Dan. “One: It’s difficult for the tourists to find what they want because many of the best apartments in Rio have been absorbed by various oil service and other companies that are getting in on the gold ‘oil’ rush and relocating their employees. Two: The Olympics. Since the day that they were announced tourist interest has increased dramatically.”

“As tourists are find that hotel prices have moved up, they believe there will be savings, which there often is, in renting apartments in Rio. And then there are the people who want the ultra high luxury huge 600 sq meter (6500 sq ft) apartments with private pools overlooking the ocean.”

RENTINRIO2Babush says, “The demand for the $1500 and up apartment has exploded as has the demand for the low end one bedroom. Across the board we are inundated with requests for Rio apartments. We are also continually receiving requests from those same oil service companies and the various services that work with them such as accountants, attorneys, etc. that are placing their employees. We are currently working on over 40 such requests and relocation now makes up roughly 35 percent of our business.”

Visit RentInRio.com for top-quality vacation and long term rentals.

Oil off the Coast of Brazil

October 1, 2009

What it means for the economy

Gigantic oil field discovered in the Santos Basin

In recent years, the global economy has been noticeably affected by the pressure on the world’s largest oil producers to keep up with the ever-increasing demand of fuel supply. While countries such as Iran and Mexico struggle to remain exporters, the 2007 discovery of oil in the Santos Basin off the coast of South America, 170-300 miles from Rio de Janeiro, may turn Brazil into the world’s largest oil supplier and lead it to joining OPEC. The Santos Basin contains what may be two of the world’s three biggest oil finds in the past 30 years: the Tupi and Carioca oil fields. In November of 2007 Petrobras said the offshore Tupi field may contain 8 billion barrels of recoverable crude and in April of 2008 it was announced that Carioca might contain 33 billion barrels of oil (official reports have yet to confirm this claim). In mid-June 2008 BG Group Plc, the U.K.’s third-largest oil and gas company, and Brazil’s state-controlled Petroleo Brasileiro SA made another discovery in Brazil’s Santos Basin called Guara. It is still under debate whether or not Guara is part of the Carioca field, however it certainly proves that the Santos Basin contains vast amounts of untapped crude. In February of 2008 Petroleo Brasileiro SA announced the important discovery of the Jupiter field containing natural gas. According to Strategic Forecasting Inc., these fields could help end the Western Hemisphere’s reliance on Middle East’s crude. Petrobras has a 65 percent operating stake in the Tupi field, Britain’s BG Group PLC holds 25 percent, and Petroleos de Portugal holds the remaining 10 percent. Currently, Brazil’s proven oil reserves are 11.8 billion barrels, less than half of the U.S.’s 21.8 billion. These new finds could potentially surpass the total amount of U.S. reserves. The new oil discoveries have caused the market value of Petrobras to increase to $297 billion, making it the third largest company in Latin America after ExxonMobil and GE and putting it ahead of technology giant Microsoft and the Shell company. Petrobras plans to invest about $33.5 billion in projects this year to increase production and explore the offshore fields. The proposed venture be the world’s largest investment program in the oil and gas industry, followed by OAO Gazprom, which has allocated $30 billion, and Royal Dutch Shell Plc with $27 billion.

A massive endeavor

Although Tupi promises to secure Brazil’s position as a major exporter, Petrobras must first take on the difficult task of turning the oil field into major production field. Analysts forecast that Tupi could cost upwards of $20 billion to develop. The field lies approximately 4.5 miles (7.2 kilometers) below the ocean’s surface. In order to reach it Petrobras will have to go through 7,000 feet (2,100 meters) of water and then drill through up to 17,000 feet of sand, rock, and then a massive salt layer that extends across hundreds of miles. Petrobras is building new refineries (in addition to its already existing nine) in Rio Grande do Norte and Maranhao that are scheduled to begin operations in 2010 and 2014. The company estimates that it will spend $8.6 billion on reducing sulfur at its refineries. The most advanced project Petrobras is scheduled to undertake is the Abreu e Lima refinery which is being built near Recife, the capital of Pernambuco state. Petrobras is also constructing the Rio de Janeiro Petrochemical Complex, or Comperj, at a predicted cost of $8 billion. The company also plans to invest in units that will expand its production of heavy crude oil into diesel.

Looking towards the future

Oil companies are positive that there are more oil fields to be discovered in Brazil’s offshore basin. Repsol YPF SA, Exxon Mobil Corp. and Devon Energy Corp. are among the producers searching Brazil’s waters for reserves. Over the next 2 ½ years drilling companies Petrobras, Chevron Corp., Royal Dutch Shell Plc, and Norsk Hydo ASA will pump oil from Brazil’s eight fields. Analysts predict that efforts will produce a combined 1.02 million barrels a day. Rigs used to drill in the Santos Basin cost $600,000 a day to operate and Petrobras has already signed contracts to purchase or lease 47. Texas companies including Transocean (RIG) and its merger partner Global Santa Fe (GSF), Noble Corp. (NE), Diamond Offshore Drilling (DO), and Pride International (PDE) operate these rigs. The oil boom has created hundreds of new jobs for these companies including design engineers, field service engineers, public and government relations positions, accountants, analysts, consultants, training specialists, project and marketing directors, technicians, hydraulics crew, drilling superintendents, asset development managers, and more. On June 18, 2008 Norwegian company Aker Solutions announced that it has officially opened Brazil’s only manufacturing centre for deepwater marine drilling risers located in Rio das Ostras. With the opening of the new manufacturing base for drilling risers, Aker Solutions has created a further 60 jobs in addition to 130 positions already filled.

Petrobras plans to add 14,000 engineers, geologists, and drillers within the next three years as it develops the giant crude oil discovery. The company plans to expand its workforce 23 percent to about 74,000, surpassing Chevron Corp., the second-largest U.S. oil producer. The hiring surge is part of a $112.7 billion expansion that may allow Brazil to overtake the output of all OPEC members except Saudi Arabia. The company is attempting to hire more than a dozen people a day amid intensifying competition for skilled oil workers after crude prices rose to a record. Exxon Mobil, Royal Dutch Shell Plc, and Saudi Arabia’s state oil company also are accelerating hiring as more oil production moves into Brazil’s deep ocean and harsh environment that requires more advanced technology. California-based Chevron, one of 13 companies exploring the Atlantic seabed off Brazil’s coast, employed 65,000 people at the end of 2007. Exxon Mobil had 80,800. Petrobras intends to recruit all of its new employees from Brazilian universities and technical schools.

The Booming Business and You: Relocation to Brazil

The ongoing discovery and production of oil in the Santos Basin will bring a plethora of businesses looking to relocate in Rio de Janeiro. Rent in Rio provides luxury and affordable long term leases in and around Rio. Many of their apartments are situated near the coast and downtown; convenient locations for those involved in Brazil’s booming oil industry. They have apartments in Sao Paulo for those looking to be near executive offices and headquarters. Also available are leases in Niteroi, a beautiful city located a mere 8 miles from Rio de Janeiro. Rent in Rio aims to make company relocations not simply a business move but also an enjoyable, comfortable, and memorable experience. All of their apartments are equipped with luxury amenities such as air conditioning, high-speed internet, and top quality maid service that is expected of your company’s expenses. Many of Rent in Rio’s luxury apartments come with stunning ocean and city views and we also offer penthouse apartments with gorgeous rooftop pools. The agents at Rent in Rio understand the stress of relocation and therefore take on the task of assisting their customers in every aspect of the transition. Upon arrival, clients are provided with a course on staying safe in Rio de Janeiro. Also available (depending on arrival date) are guided tours of the city. Rent in Rio also offers clients and their families the opportunity to take Portuguese language courses. If you are relocating to Rio to take part in the exciting, fast paced industry of Brazilian oil, allow Rent in Rio to assist you in making your new city feel like home. Call their offices today. 877-289-7543.

By Jennifer L. Bunin