Petrobras
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Europe
DOF Subsea vessels win new contracts in the Americas
Two of DOF Subsea’s multipurpose offshore vessels have won new contracts in Canada and Brazil. In Canada, will support saturation…
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Americas
Brazilian subsidiary of US Steel raided in latest twist of Petrobras graft scandal
A Brazilian company part-owned by US Steel has been raided by the country’s federal authorities in the latest development of…
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Americas
Pedro Parente named new Petrobras CEO
Pedro Parente was confirmed on Friday as the new chief of Brazil’s scandal-plagued state oil company Petrobras. Parente, an engineer,…
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Americas
Sete Brasil fraud case widened to include Odebrecht
Washington-based investment firm EIG Management has expanded its Petrobras-related fraud lawsuit to include Odebrecht and some shipyards, according to Reuters.…
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Americas
Former presidential chief of staff Dirceu gets 23 years for role in Petrobras bribe scandal
The former chief of staff to Brazil’s ex-President Luiz Inacio Lula da Silva (known as Lula) was sentenced on Wednesday…
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Americas
Petrobras granted 27-year extensions on two offshore leases
The leases held by state oil giant Petrobras for two offshore oilfields have been extended 27 years by Brazil’s oil…
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Americas
US to intensify probe of Petrobras-related graft accusations
The US Department of Justice (DoJ) and the Securities and Exchange Commission (SEC) are intensifying their probe of dozens of…
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Americas
Brazil to open up access to Subsalt Polygon blocks
Brazilian authorities are planning to change the rules to allow companies other than troubled state oil firm Petrobras to operate…
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Americas
Petrobras wants to bring forward $1bn loan from Exim Bank of China
Petrobras is moving to seal a $1bn loan from a Chinese bank sooner than first planned, according to Bloomberg. The…
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Americas
Petrobras and Ensco wheel and deal on rig contracts
UK-based offshore drilling contractor Ensco has revised terms with Petrobras over some of its rig contracts with Brazil’s scandal-plagued, financially…
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Americas
Petrobras selling $1.4bn of assets in Argentina and Chile
Petrobras, Brazil’s deeply troubled state-run oil firm, has announced the sale of some of its vast assets in fellow South…
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Americas
Technip’s contract extended at Petrobras’ base for flexible pipes
Petrobras has extended Technip’s five-year contract at its Flexible Pipes Logistic Base (BAVIT) by a further four years. The value of…
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Americas
Sete Brasil files for bankruptcy
Brazilian oil rig operator Sete Brasil has filed for bankruptcy protection with the approval of a majority of its shareholders…
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Americas
Brazil recovers $54m from agent involved in corrupt payments between SBM Offshore and Petrobras
Brazil’s attorney general’s office announced it has managed to recover $54m that had been diverted from Petrobras in corrupt dealings…
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Americas
Former Senator arrested for allegedly interfering with Petrobras corruption probe
The corruption probe into Brazil’s state oil firm Petrobras has reeled in another big political fish with the arrest on…
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Americas
Petrobras cancels charter of another DryShips OSV
Petrobras has cancelled its four-year charter of DryShips’ oil spill recovery vessel (OSRV) Vega Inruda, which is the second contract termination…
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Americas
Petrobras tried and failed to go to arbitration over Sete Brasil contract
Petrobras, Brazil’s mightily troubled state oil firm, recently tried and failed in a bit to go to arbitration to re-do…
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Americas
Petrobras plans to save $500m annually with internal restructuring
Brazil’s embattled and scandal-plagued state oil firm Petrobras has revealed in a securities filing that it plans to save about…
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Asia
POSH accommodation rig gets contract extension in Brazil
PACC Offshore Services Holdings’ (POSH) semi-submersible accommodation vessel POSH Xanadu has won a one-year extension to its contract in the Campos…
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Americas
Corruption at Odebrecht was systematic according to Brazilian prosecutor
Brazilian prosecutors on Tuesday revealed that engineering giant Odebrecht had a highly organized, even automated, system for making bribe payments…
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