Tag: Petrobras

Monday, April 20th 2015 - 06:42 UTC
Brazilian leading contractor admits paying 36m dollars in bribes to Petrobras officials

A vice president of construction company Camargo Correa told Brazilian prosecutors that he paid 36 million dollars in bribes to officials of state-controlled oil company Petrobras, the press reported, citing a document prepared by prosecutors.
Saturday, April 11th 2015 - 13:05 UTC
Brazil's anti-corruption drive nets three former lawmakers

Brazilian police arrested on Friday three former congressmen broadening their corruption investigation beyond state-run oil giant Petrobras to state lender Caixa Economica Federal and the federal health ministry.
Monday, April 6th 2015 - 06:20 UTC
International legal actions against Petrobras keep climbing

One of Sweden’s largest investors has pledged to take direct legal action against Petrobras, becoming the third large investor to seek damages individually from the Brazilian oil group.
Thursday, April 2nd 2015 - 07:31 UTC
Brazil oil industry wants new auction rights rules and more efficient sourcing requirements

The Brazilian Petroleum Institute, or IBP, has called on the government to change the regulatory framework to deal with the crisis caused by the collapse of oil prices and the corruption scandal at state-controlled oil giant Petrobras.
Friday, March 27th 2015 - 08:07 UTC
Petrobras engineering firm contractor files for bankruptcy

Brazilian engineering firm Galvao Engenharia said on Wednesday it filed for bankruptcy protection, as state-run oil company Petrobras cut off payments due to a broad corruption scandal in which it had been implicated.
Monday, March 23rd 2015 - 17:35 UTC
Swiss prosecutors have uncovered over 300 accounts suspected linked to Petrobras corruption

Swiss prosecutors have uncovered over 300 accounts at more than 30 Swiss banks that they suspect are linked to the massive corruption and money-laundering scandal at Brazil's state-run oil company Petrobras.
Monday, March 23rd 2015 - 17:13 UTC
Petrobras corruption scandal reaches New York court: banks will have to explain sale of bonds to US investors

Fifteen banks will join Petrobras next week, April 3, in a New York court to explain how they did nothing wrong when selling 98 billion dollars worth of the Brazilian state oil company’s bonds to American investors. Of the 15, lawyers representing the investment banking divisions of Itau and Bradesco will appear before New York judge Jed Rakoff in hopes to escape the scandal.
Monday, March 23rd 2015 - 17:05 UTC
Petrobras suspends operations in major offshore rig for safety reasons

Brazilian state-controlled oil giant Petrobras on Saturday said it has suspended operations at a major offshore platform, citing safety concerns. The P-58 platform, which extracts 106,000 barrels per day, was taken out of service for unscheduled maintenance and to improve its operational efficiency, the company said in a statement Friday.
Saturday, March 21st 2015 - 06:36 UTC
Brazilian museum receives 139 works of art seized from Petrobras corruption scandal

A Brazilian museum received 139 works of art, including a painting by Joan Miro, seized from individuals involved in the corruption scandal rocking state oil giant Petrobras. Works by Brazilian artists Djanira and Heitor dos Prazeres were among the trove that police delivered to the Oscar Niemeyer Museum in the city of Curitiba.
Thursday, March 19th 2015 - 07:32 UTC
Rousseff unveils anti corruption measures, but her approval has fallen to 13%

Brazil's Dilma Rousseff tried to get ahead of the storm of scandal bearing down on her presidency on Wednesday, unveiling a raft of anti-corruption measures she hopes will appease her critics.