Tag: Petrobras

Wednesday, May 27th 2015 - 04:53 UTC
Petrobras former director sentenced five years in prison for money laundering

A Brazilian judge has sentenced a former international director at the country's largest corporation and government managed Petrobras to five years in prison for money laundering, the second company executive convicted in an ongoing corruption probe.
Sunday, May 24th 2015 - 08:02 UTC
President Rousseff to face criminal complaint over 'cosmetic' accounting

Brazil´s main opposition party plans to pursue a criminal complaint against President Dilma Rousseff for 'inventive' accounting that helped shore up the country´s fiscal results in recent years.
Wednesday, May 20th 2015 - 05:44 UTC
Beijing to the rescue of sliding Brazil: 53bn dollars in trade, finance and investment

Beijing has come to the rescue of Brazil's slumping economy with trade, finance and investment deals worth at least 53 billion dollars in energy, mining, aviation and upgrading of dilapidated infrastructure.
Friday, May 15th 2015 - 07:32 UTC
Petrobras production from pre-salt fields reaches milestone 800.000 bpd

Brazil’s Petrobras said that oil production in Santos and Campos basin pre-salt fields reached a milestone production volume of 800Mbbl/d. The volume was recorded on April 11, with 74% (590Mbbl/d) Petrobras’ share with the remainder belonging to partner companies working in different pre-salt areas.
Wednesday, May 13th 2015 - 08:29 UTC
Petrobras still Latam's top company but fell to second-worst performer because of corruption losses

Brazil's state oil giant Petrobras remains Latin America's top company in revenues, but has lost its position as the profit leader after posting record losses last year due to a growing corruption scandal and administrative inefficiencies, according to a new ranking of the region's 500 largest companies from digital publication Latinvex.
Wednesday, May 6th 2015 - 17:36 UTC
Brazil's securities regulator CVM formally accuses Petrobras former board members

Brazil's securities industry regulator accused the former board of state-run oil producer Petrobras of setting a fuel pricing policy that misguided investors and hurt the company.
Wednesday, May 6th 2015 - 17:24 UTC
Petrobras awarded in Houston highest recognition for offshore oil operators

Petrobras’ Exploration and Production Director, Solange Guedes, received the OTC Distinguished Achievement Award for Companies, Organizations and Institutions, the highest recognition that an oil company can be given as an offshore operator.
Tuesday, May 5th 2015 - 06:41 UTC
Brazil's Vale CEO becomes chairman of Petrobras board of directors

The CEO of Vale SA Murilo Ferreira was voted Chairman of the Board of Directors at Petroleo Brasileiro Petrobras SA (ADR). The Rio de Janeiro-based oil corporation is the most indebted energy company in the world, and is battling to get its way around one of the biggest corruption and bribery scandal that has surrounded the company since October last year.
Tuesday, May 5th 2015 - 06:34 UTC
Brazil pledges rule changes to make oil exploration and production concessions more dynamic

Brazil's government is discussing changes to its oil regulations but any new rules will not be in place before an October auction of exploration and production concessions, the country's energy minister Eduardo Braga said on Monday.
Tuesday, May 5th 2015 - 06:19 UTC
Petrobras sets record for exploratory drilling in water depth of 3.000 meters

Petrobras has set a new Brazilian record for exploratory drilling by reaching a water depth of nearly 3,000 meters, the state-controlled oil giant said. The 3-BRSA-1296-SES well was drilled to a water depth of 2,988 meters - eight meters more than the 3-SES-184 well Petrobras drilled in February in that same basin - and a total depth of 6,060 meters.