Tag: Petrobras

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.
Saturday, October 4th 2014 - 10:38 UTC
Investors on edge waiting for the results of Sunday's voting in Brazil

Latin American currencies weakened on Friday after strong U.S. jobs data was seen as increasing the likelihood of higher interest rates in the world's largest economy, while Brazil markets fluttered in the last trading session before Oct. 5 elections.
Tuesday, September 30th 2014 - 04:40 UTC
Brazils' Bovespa and Real plunge as Dilma climbs in polls with less than a week to election

Brazilian financial markets took a beating on Monday after polls showed President Dilma Rousseff pulling past challenger Marina Silva ahead of Sunday's election. The Brazilian currency closed at its weakest level since December 2008 while the benchmark Bovespa stock index notched its biggest one-day loss in over three years.
Saturday, September 27th 2014 - 06:34 UTC
Marina Silva pledges to de-politicize regulatory agencies and state corporations

Brazilian presidential candidate Marina Silva vowed to de-politicize regulatory agencies that she says do more to win favor with government allies than ensure fair and efficient markets in Latin America's biggest economy.