Brazil
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Americas
Brazilian police recommend Petrobras-related corruption charges against former president Lula
Brazil’s former national president Luiz Inacio Lula da Silva and his wife are likely to face charges relating to the…
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Americas
Petrobras offers voluntary layoff deals to over 6,000 employees
Petrobras has made a cost-saving voluntary layoffs deal with thousands of its employees, according to Reuters. Under the deal, 6,100…
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Americas
Court seizes $655m from Odebrecht and OAS over Petrobras bribery scandal
A Brazilian court has ordered the seizure of $655m worth of assets from two of the most prominent engineering firms…
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Americas
Strike action under way to protest Petrobras selling off fuel distribution arm
Planned strike action by workers of Petrobras’ fuel distribution arm got under way around Brazil on Monday, according to Reuters.…
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Americas
Sete Brasil submits its reorganization plan for recovering from bankruptcy
Sete Brasil, the oil rig chartering firm that filed for bankruptcy in April, has presented its draft reorganization plan that…
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Americas
Petrobras penalised for unfair practices in gas distribution
Brazil’s anti-trust regulator Cade (Administrative Council for Economic Defence) has recommended penalising the country’s troubled state oil firm Petrobras for…
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Americas
Construction firm Queiroz Galvao caught up in Petrobras corruption probe
Another big construction company in Brazil has become ensnared in the Petrobras corruption scandal, as federal police have raided properties…
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Americas
Vard ups stake in Brazil yard
Vard Holdings has increased its ownership stake in its indirect subsidiary in Brazil, Vard Promar, to 95.15%. Vard Promar, previously…
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Americas
Sale of LNG distribution arm could net Petrobras around $768m
Petrobras, the corruption-wracked Brazilian state oil firm, stands to make around $768m from the sale of its liquefied natural gas…
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Americas
Former Brazil president petitions UN over Petrobras corruption probe
Brazil’s former national president Luiz Inacio Lula da Silva (widely known as Lula) has petitioned the United Nations alleging his…
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Americas
Statoil acquires interest in Santos Basin license from Petrobras
Statoil and Petrobras have reached an agreement that will see Statoil acquire from Petrobras a 66% operating interest of the…
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Americas
Brazilian court reinstates ban on Odebrecht bidding for Petrobras contracts
Brazilian engineering and construction giant Odebrecht will not be able to resume tendering for contracts with Petrobras after a Rio…
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Americas
Petrobras ready to give up interest in fuel distribution arm
Brazil’s Petrobras plans to give up its majority voting interest in Latin America’s largest distributor of petroleum derivatives and ethanol,…
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Americas
PE firm looks to offload Brazil’s second-busiest container terminal
The US private equity firm that owns the operator of Brazil’s second busiest container port is contemplating its sale, according…
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Americas
SBM Offshore agrees to settlement with Petrobras and Brazilian authorities over bribes scandal
Petrobras and Brazilian prosecutors on Friday signed an agreement with Dutch firm SBM Offshore whereby SBM will pay fines and…
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Americas
Shipping disrupted at Santos port by warehouse fire at sugar terminal
Shipping operations at a sugar and grain terminal in Brazil’s Santos port were disrupted for a while on Thursday after…
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Americas
Petrobras FPSO in Lula field starts production
Petrobras had some good news, announcing the start of new production operations from an FPSO in the offshore Lula field…
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Americas
Bill approved that would reduce Petrobras’ subsalt obligations
Brazil on Thursday moved an important step nearer removing state oil firm Petrobras’ monopoly rights on projects in the resource-rich…
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Americas
Petrobras puts up for sale nine shallow-water concessions
Brazil’s troubled state oil firm Petrobras announced on Monday it is putting up for sale nine assets in shallow-water oilfields…
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Americas
OGPar restarts production at Tubarao Martelo offshore field
Brazilian oil and gas firm OGPar on Monday announced it has resumed production at its Tubarao Martelo oilfield offshore Rio…
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