Stories for February 2015

Thursday, February 12th 2015 - 05:55 UTC
Petrobras CEO says he has 'full autonomy' in fuel-price policy and cash flow

The new chief executive officer of Brazil's Petrobras said that he has full autonomy to dictate its own fuel-pricing policy and protect cash, even as he questioned the size of losses stemming from a giant corruption scandal.
Thursday, February 12th 2015 - 05:45 UTC
Petrobras has trouble finding an independent chairman of the board

Petrobras plans to publish its delayed audited fourth-quarter results by the end of March, something it needs to do to avoid possible early repayment of its bonds, the Globo newspaper said on Wednesday. Globo also published that the Brazilian government was considering appointing Planning minister Nelson Barbosa as chairman of the oil giant.
Thursday, February 12th 2015 - 05:34 UTC
UK's Customs request information on Argentina's criminal case against HSBC

Britain's HM Revenue and Customs (HMRC) department has requested Argentina’s AFIP tax bureau information on the criminal report filed in Buenos Aires against HSBC on allegations the bank helped more than 4,000 clients to evade taxes by stashing their money in secret Swiss bank accounts.
Thursday, February 12th 2015 - 05:26 UTC
Costa Concordia cruise captain sentenced to 16 years in prison for 2012 shipwreck

The former captain of the Costa Concordia cruise liner was sentenced to 16 years in prison for his role in the 2012 shipwreck, which killed 32 people off the Tuscan holiday island of Giglio. Francesco Schettino was commanding the vessel, a floating hotel as long as three football pitches, when it hit rocks off the island, tearing a hole in its side.
Thursday, February 12th 2015 - 05:23 UTC
Explosion in Petrobras floating oil rig kills at least three; six missing

At least three oil workers were killed and others were injured in an explosion at an offshore oil and natural gas platform in Brazil operated by state-run energy company Petroleo Brasileiro SA , union officials have said.
Wednesday, February 11th 2015 - 15:31 UTC
Arctic oil on life support

Oil companies have eyed the Arctic for years. With an estimated 90 billion barrels of oil lying north of the Arctic Circle, the circumpolar north is arguably the last corner of the globe that is still almost entirely unexplored.
Wednesday, February 11th 2015 - 15:26 UTC
Norway's Statoil appoints new CEO and identifies three main challenges

Statoil’s board of directors has appointed Eldar Sætre as the company’s new president and CEO. Sætre, who has 35 years’ experience from Norway's' Statoil and the oil and gas industry, has been acting as president and CEO since October, and assumes the role with immediate effect.
Wednesday, February 11th 2015 - 06:39 UTC
English Premier League TV rights break all records: £ 4.2 billion

Pay-TV group Sky has agreed to pay 4.2 billion pounds (6.4 billion dollars) to show 126 live English Premier League matches a season from 2016 to 2019, pressured by fierce rival BT to smash analysts' forecasts and secure the best games.
Wednesday, February 11th 2015 - 06:29 UTC
Netflix offers internet video service in Havana, but very few Cubans can afford 8 dollars

Netflix began selling its Internet video service in Cuba on Monday in what appears to be a largely symbolic move driven by the recent loosening of US restrictions on doing business with the Communist-run Island.
Wednesday, February 11th 2015 - 06:05 UTC
Nisman death: new DNA profile found in the apartment; a second tests finds no traces of gunpowder

Argentine judge Fabiana Palmaghini in charge of the investigation into the death of AMIA special prosecutor Alberto Nisman, has confirmed a new DNA profile has been found at the victim’s apartment, ordering further tests to identify whose sample it belongs to. Likewise a microscopic electron scanning second test on evidence samples, found no traces of gunpowder in Nisman's hands.