Tag: Petrobras

• Saturday, June 20th 2015 - 08:23 UTC

  Brazil's top two construction tycoons arrested in connection to Petrobras case

  

  Brazilian police arrested on Friday Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, ensnaring the most high-profile executive to date in the corruption investigation at state-run oil firm Petrobras.

• Monday, June 1st 2015 - 07:47 UTC

  Petrobras denies sale of distribution network for much needed investment cash

  

  Brazilian state-controlled oil company Petrobras said that the 13.7bn dollars divestment program it unveiled two months ago does not include plans to sell a stake in its service station network.

• 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.