Petrobras
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Americas
Petrobras and Statoil sign MOU on co-operation offshore Brazil
Petrobras and Statoil have signed a Memorandum of Understanding (MOU) to facilitate more co-operation and joint ventures between the two…
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Americas
Carcara sale will help Petrobras save $11bn
Petrobras’ CEO says the $2.5bn sale of its stake in the offshore Carcara field will probably help Brazil’s debt-laden state…
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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
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
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
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
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
More arrests made in Petrobras bribery probe
Brazilian authorities made five more arrests on Monday as part of the continuing Operation Car Wash probe into massive corruption…
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Americas
Transpetro cancels seven newbuildings
Transpetro, the logistics subsidiary of Petrobras, has reportedly cancelled contracts for seven tankers being built at the Estaleiro Atlântico Sul…
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Americas
Petrobras investors want judge to find oil giant liable for employees’ corrupt actions
Investors in Petrobras asked a judge in a New York court on Tuesday to rule that the corruption-plagued state oil…
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Americas
Petrobras’ pension fund needs massive infusion to meet its liabilities
Petrobras, Brazil’s troubled state-run oil giant, has a big hole in its workers’ pension plan with $6.8bn in unfunded liabilities,…
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