Brazil
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Dry Cargo
Vale sells four VLOCs to CMES, concludes deal with COSCO
Athens: Brazilian miner Vale has confirmed the sale of four of its very large ore carriers (VLOCs) to China Merchants Energy…
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Americas
152 Siem Offshore workers dismissed in Brazil
Oslo: Siem Offshore has reduced its Brazil headcount by 152, including 120 seafarers, as contracts in the South American nation…
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Americas
Petrobras set to sue engineering and construction firms to recover graft scheme losses
SanFrancisco: Petrobras plans to sue some engineering and construction firms that were allegedly involved in the bribery and corruption scandal…
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Americas
Petrobras halts production on four platforms after oil leak discovered
San Francisco: A suspected leak of around 7,000 litres of oil caused Petrobras to stop production on four of its…
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Americas
Petrobras’ much-anticipated financials say graft scheme cost company $2.1bn
San Francisco: Petrobras lost $2.1bn because of the “graft for inflated contracts” scheme that has blackened the name of Brazil’s…
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Americas
Petrobras able to bankroll its 2015 operations after deals with banks
San Francisco: Petrobras is able to bankroll its operations and investments for the rest of this year, after securing more…
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Americas
Petrobras says it will unveil long overdue financials on April 22
San Francisco: All the suspense will soon be over for market and scandal watchers as Brazil’s corruption-racked oil giant Petrobras…
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Americas
Petrobras rejects report it will sell some of its valuable pre-salt assets
San Francisco: Petrobras denied on Thursday newspaper reports in Brazil that it is planning to sell stakes in its valuable…
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Americas
Workers’ party treasurer arrested as heat turns up in Petrobras scandal
San Francisco: The Petrobras scandal took a major step forward on Wednesday when federal police arrested the treasurer of Brazil’s…
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Americas
Japanese group comes together again for Brazil FPSO project
Tokyo: MODEC, Mitsui & Co, Mitsui OSK Lines (MOL) and Marubeni Corporation have agreed that Mitsui, MOL and Marubeni will…
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Americas
Access to Port of Santos back to normal
Sao Paolo: With the epic fire at tank storage units finally doused on Saturday, full access to the nearby Port…
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Americas
Petrobras stocks climb after President praises corruption purge
San Francisco: Shares in Brazil’s state-run oil giant Petrobras reacted in sprightly fashion to positive comments about the company by…
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Americas
Brazilian soy exports being held up by Santos fire
Sao Paulo: The enduring fire at storage tanks near the Port of Santos is turning up the heat on the…
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Americas
Embers of Ultracargo fire flicker back to life
Sao Paulo: And on the seventh day … it almost rested but not quite. The fire that has been burning…
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Americas
Storage tank blaze burns on into fifth day near Port of Santos, disturbing port activity
Sao Paulo: Five days in and the fire was still raging in two tanks at a tank storage facility in…
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Americas
Santos storage tanks blaze still burning but under control say authorities
Sao Paulo: A day after it erupted, the fire at Ultracargo’s storage tank facility near the Port of Santos, continued…
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Americas
Fire crews battle huge storage tank blaze near Brazil’s Port of Santos
Sao Paulo: Dozens of firefighters, 22 fire trucks and one firefighting vessel were engaged in subduing a huge blaze at…
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Americas
OAS files for bankruptcy in latest fallout from Petrobras graft probe
San Francisco: A Brazilian building firm filed for bankruptcy protection for nine of its units in a Sao Paulo state…
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Americas
Petrobras names Murilo Ferreira as new CEO
San Francisco: Troubled energy giant Petrobras has a new figurehead apparent after the government of Brazil nominated Murilo Ferreira as…
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Americas
Petrobras to close its Okinawa refinery
Tokyo: Petrobras will close its refinery in Okinawa as part of a withdrawal from Japan. Economic conditions, particularly declining oil…
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