Brazil
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Americas
Petrobras sells stakes in two oilfields
San Francisco: Petrobras announced on Wednesday it is selling its stakes in two offshore oilfields to a Brazilian company, immediately…
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Americas
Petrobras slashes its five-year investment plan
San Francisco: Petrobras announced on Monday it will cut its five-year investment budget to $130bn as it tries to adjust…
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Americas
Sevan Marine appoints law firm to investigate Petrobras corruption claims
Oslo: Offshore drilling firm Sevan Marine has engaged the law firm Selmer to conduct an investigation into allegations of its involvement…
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Americas
Petrobras asks US judge to throw out class-action fraud case brought by investors
San Francisco: Petrobras, Brazil’s graft-racked state-run oil giant asked a US judge on Thursday to throw out a fraud case…
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Americas
Transpetro plans massive fleet selloff
Sao Paolo: Taking a leaf out of fellow Brazilian commodities giant Vale, Petrobras is studying a plan to sell off…
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Americas
Sete Brasil in talks with Cosco Shipyard Group to build two offshore rigs
San Francisco: Sete Brasil, the offshore oil and gas management and investment company closely associated with Petrobras, revealed on Thursday…
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Americas
Bulker grounds at Brazilian port of Paranaguá
Sao Paulo: A bulk carrier identified by local media as Sofia ran aground yesterday while leaving the Port of Paranagua en route…
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Americas
ER Offshore’s Brazilian subsidiary gets EBN licence
Athens: ER Offshore Navegação, the Brazil-based ship management subsidiary of ER Offshore, has been awarded an Empresa Brasileira de Navegação…
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Americas
CEOs of two leading Brazilian firms arrested in Petrobras bribery probe
San Francisco: The prominent CEOs of two major Brazilian firms were arrested by police on Friday as part of the…
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Americas
Petrobras delays cutbacks pending government rescue plan
San Francisco: Petrobras is likely to postpone the announcement of swingeing cuts to its five-year spending plan, Reuters reported on…
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Americas
Gas leak causes suspension of production at Petrobras platform offshore Rio
San Francisco: Production at Petrobras’ offshore P-40 platform remained suspended on Monday after a gas leak on the vessel caused…
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Americas
Brazil’s Senate to back bill to reduce Petrobras’ share of pre-salt offshore fields
San Francisco: Brazilian politicians were predicting on Friday that the country’s senate will vote yes on a bill to remove…
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Americas
Flaws in procedures, equipment and training led to fatal Petrobras FPSO blast
San Francisco: Brazil’s state oil giant Petrobras on Friday revealed the results of its investigation into a fatal explosion on…
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Americas
$12bn earmarked for Brazil’s ports in giant new stimulus package
Sao Paolo: As the nation faces its worst economic figures since 1990, Brazilian president, Dilma Rousseff, yesterday announced a giant…
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Americas
Maersk and Samsung Heavy among those named in Petrobras corruption case
San Francisco: Brazil’s top prosecutor in the Petrobras corruption case has informed the US Department of Justice about evidence that…
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Europe
Petrobras regaining Norwegian trust
Oslo: Norwegian financial intuition GIEK, who financed Skandi Africa, the ship that was awarded Ship of the Year 2015 at…
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Americas
Petrobras finds promising oil field off northeast Brazil
San Francisco: Petrobras and a partner firm, Oil and Natural Gas Corp (ONGC), have found a new oil reservoir in…
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Americas
Pangaea wins extensions for two COAs
Athens: Pangaea Logistics Solutions has received extensions for two contracts of affreightment (COA) for dry bulk materials, which it says will…
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Americas
Schahin plans to sue Petrobras over cancellations
San Francisco: Petrobras has cancelled charters for five offshore oil drilling and production vessels in its ongoing bid to slash costs.…
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Americas
Brazil offshore oil find even bigger than first believed, says Barra Energia
San Francisco: A huge offshore Brazil oil field is even more extensive than initially believed, oil producer Barra Energia announced…
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