Petrobras
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Americas
Arbitrator rules for Petrobras in dispute with Sete Brasil
Petrobras, Brazil’s state oil company, announced it has won a favourable arbitration decision in a dispute with Sete Brasil, an…
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Americas
SBM Offshore reaches $238m agreement with US DOJ on bribery charges
Dutch firm SBM Offshore’s US subsidiary pleaded guilty in an American court to a bribery charge on Wednesday. Parent company…
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Americas
First oil flows from Brazil’s offshore Libra field
Oil has begun to flow from Brazil’s vast Libra offshore field, according to Reuters. A consortium of oil industry giants,…
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Americas
Petrobras to seek $6.8bn valuation for its distribution company in IPO
Brazil’s state oil giant Petrobras is going to seek a valuation of up to $6.8bn for its fuel distribution unit…
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Americas
Petrobras secures $1bn loan to pay some debt obligations
Petrobras, Brazil’s corruption-plagued and debt-burdened state oil firm, has secured a loan of $1bn from a syndicate headed by Standard…
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Americas
Petrobras ups its funding forecast and drops estimate for divestments
Brazil’s troubled state oil firm Petrobras on Tuesday made a bullish forecast on its funding for the year while also…
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Americas
Former executives of SBM Offshore plead guilty to corruption in US court
A pair of former executives at Dutch oil industry services firm SBM Offshore pleaded guilty in US federal court on…
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Americas
Brazil court lifts injunction on Petrobras deal to sell stakes in offshore fields
A federal court in Brazil has lifted an injunction on state oil company Petrobras, a ruling which had hitherto prevented…
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Americas
Petrobras selling subsidiary with deep-water assets offshore Nigeria
Brazil’s state oil firm Petrobras on Tuesday announced it is putting up for sale its minority shares in deep-water assets…
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Americas
Petrobras calls on Odebrecht to stop operating drillship involved in fatal blast
Petrobras has asked offshore drilling company Odebrecht Oil and Gas (OOG) to halt operations on a drillship which suffered a…
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Europe
SBM Offshore hit by more costs from Petrobras scandal fallout
Netherlands-based SBM Offshore is feeling the financial pinch of the ongoing Brazilian probe of its role in the Petrobras corruption…
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Americas
Petrobras request to temporarily suspend class action suit granted by US court
A class action suit against Brazil’s troubled state oil firm Petrobras has been halted in US court, according to Reuters…
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Americas
Petrobras and BP work towards strategic alliance
Brazil’s state oil firm Petrobras and UK multinational BP announced that they have signed a letter of intent (LOI) to…
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Americas
Petrobras recovers around $25m from Rolls-Royce, money related to bribery scandal
Brazil’s troubled state oil firm Petrobras, at the hub of a huge bribery scandal for several years, has recovered almost…
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Americas
Shell earns three of six presalt blocks awarded in Brazil auction
Six of eight blocks on offer were awarded in the latest two rounds of Brazil’s offshore oil and gas rights…
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Americas
First shipment from Libra field offshore Brazil will be delayed
Brazil has postponed by some weeks its expected first oil shipment from the giant Libra pre-salt field in the Santos…
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Americas
Petrobras and Sete Brasil agree on mediator in legal dispute
Brazil’s state oil firm Petrobras and oil rig chartering company Sete Brasil Participacoes have agreed on an out-of-court mediator in…
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Americas
Court fines ex-Petrobras officials more than $80m over purchase of Texas refinery
Brazil’s Court of Accounts has fined two former officials of scandal-plagued state oil firm Petrobras more than $80m in total…
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Americas
Petrobras authorised to export 6.6m cubic metres of LNG
Brazilian authorities have given approval for Petrobras to export idle liquefied natural gas (LNG) cargoes in the spot market, according…
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Americas
Former Brazil president Lula sentenced to almost 10 years for Petrobras-related corruption
Brazil’s former national president Luiz Inacio Lula da Silva, known widely as “Lula”, on Wednesday was convicted of corruption linked…
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