Tag: Petrobras

Wednesday, November 26th 2014 - 06:39 UTC
US Securities & Exchange Commission investigating Petrobras corruption scandal

Brazil’s state-run oil firm Petrobras said on Monday it had received a subpoena from the US Securities and Exchange Commission asking for documents relating to an investigation it is pursuing. The SEC investigation is the latest in a multi-layered probe into Petrobras which is spreading beyond Brazil’s borders.
Friday, November 21st 2014 - 08:50 UTC
Petrobras case revealing the extent of corruption in Brazil's political system

The lawyer of the Brazilian lobbyist Fernando Baiano, who was finally arrested in an ongoing investigation into corruption at state oil company Petrobras, has said that “no public work is done in Brazil without a bribe” and that the people who deny allegation of corruption “ignore the country’s history.”
Wednesday, November 19th 2014 - 06:57 UTC
Petrobras corruption: plea bargains with the return of 165m dollars with five accused

Five people accused in a corruption scandal at Brazil's state oil giant Petrobras have agreed to return 165 million dollars to the public purse in plea bargains with prosecutors, a newspaper reported Tuesday.
Tuesday, November 18th 2014 - 08:22 UTC
Rousseff pledges that Petrobras corruption case “will change the country forever”

Brazil's President Dilma Rousseff said investigations into corruption at the state-owned oil company, Petrobras, could change the country forever. This was the first time she spoke since the arrest on Friday of 23 people suspected of corruption and money-laundering.
Saturday, November 15th 2014 - 07:52 UTC
Something stinks in Petrobras: former director and leading contractors CEOs arrested on bribery charges

Brazilian police arrested a former Petrobras executive on Friday, sending the state-run oil company's shares and bonds down after a widening corruption scandal forced it to delay the release of its financial results.
Wednesday, November 12th 2014 - 06:48 UTC
US authorities looking into 'possible bribes' in the Petrobras corruption scandal

United States authorities are investigating whether Brazil's giant gas and oil corporation Petrobras or its employees were paid bribes, adding to the mounting domestic corruption probes facing the state-controlled oil company.
Friday, October 31st 2014 - 06:28 UTC
Petrobras consortium find high-quality oil at the Libra area, off Rio do Janeiro

The Petrobras-led Libra consortium has said that the first extension well in the Libra area, known as 3-BRSA-1255-RJS (3-RJS-731), has proven the discovery of high-quality oil in the northwest portion of the structure.
Monday, October 20th 2014 - 08:17 UTC
Dilma admits Petrobras funds were illegally diverted to finance political parties

Brazilian President and candidate for reelection Dilma Rousseff admitted that funds were illegally diverted at the state-run oil firm Petrobras, allegedly to benefit political parties allied with the government, and she promised to seek reimbursement of that money.
Wednesday, October 15th 2014 - 23:36 UTC
Brazil will rise fuel prices to help government managed debt-laden Petrobras

Brazil will maintain plans to raise domestic fuel prices this year, despite a sharp drop in international crude oil prices, to help debt-laden state-run oil company Petrobras, a government source said this week.
Wednesday, October 15th 2014 - 23:32 UTC
Petrobras sets a new oil and gas production record during September

Petrobras announced a new oil output record in Brazil, during September with an average of 2.23 million barrels of oil per day (bpd) production in the country, including in this total the fields operated by the state-owned company for its partners. The volume is 0.3% higher than breaks August record.