Tag: Petrobras

Thursday, October 24th 2019 - 09:20 UTC
Petrobras contracts' scam: Brazilian prosecutors investigating Argentine construction group Technit

Brazilian police conducted raids on Wednesday in a new phase of the “Car Wash” corruption investigation, targeting alleged bribery by Italo-Argentine group Techint to secure contracts from state-run oil firm Petrobras.
Wednesday, October 23rd 2019 - 09:45 UTC
Brazil has collected 600 tons of oil from the spill along northeastern beaches

Brazil has collected more 600 tons of oil from its northeastern beaches since Sept. 12, the government said, more than double an estimate of oil and sand collected by state-run oil company Petrobras.
Wednesday, October 16th 2019 - 08:10 UTC
A “ghost ship” smuggling Venezuelan oil probable cause of the massive spill along Brazilian northeast beaches

A huge oil spill off Brazil's northeastern coast may have involved a “ghost ship” carrying Venezuelan oil in breach of US sanctions, a Petrobras expert close to the probe into the disaster said on Tuesday.
Wednesday, October 16th 2019 - 07:27 UTC
Brazil eyes a US$1.45 billion payday as big oil flocks to pre-salt

Brazil expects to pocket some US$ 1.45 billion from the sixth round of oil and gas block licensing for the pre-salt zone offshore. Reuters reports, citing the special secretary to the Economy Ministry, Waldery Rodriguez, that the total minimum sum of signing bonuses for all the blocks that will be tendered on November 7th is US$ 1.9 billion.
Thursday, October 10th 2019 - 09:55 UTC
Oil spill in Brazilian beaches is of Venezuelan origin, claims environment minister

Large blots of oil that have turned up on more than 130 Brazilian beaches are “very probably” of Venezuelan origin, Brazil's environment minister said on Wednesday. The oil began appearing in early September and has been seen along a 2,000-kilometre stretch of the northeastern Atlantic coast - with around 130 tons of oil residue collected by Monday.
Monday, September 30th 2019 - 08:13 UTC
Petrobras to concentrate on reducing debt load and deep water exploration

Petrobras’ administration board has approved an update to its plan for the next five years that is expected to call for the state-run oil and gas company to dump its gas distribution and transport business, its fertilizer business, and its LPG and biodiesel business, according to media reports.
Friday, September 27th 2019 - 09:55 UTC
Brazil Supreme Court ruling could overturn corruption convictions

Brazilian Supreme Court justices approved late on Thursday a ruling that may overturn corruption convictions in the country's largest-ever corruption probe. The majority of the Supreme Court ruled that defendants mentioned in plea deals by witnesses also accused of corruption should have the right to defend themselves after testimony of the whistleblower - the right to address the court last.
Friday, September 20th 2019 - 09:57 UTC
Bolsonaro: Petrobras behind fuel price increase, not government

Brazil's President Jair Bolsonaro Thursday explained that his government had nothing to do with the rise in the price of gasoline and diesel fuel, which followed the raid on Saudi Arabian facilities over the weekend.
Thursday, September 19th 2019 - 22:13 UTC
Ancap loses lawsuit worth over 10 million dollars to Petrobras and Axion

Uruguay's oil and energy Ancap must pay US $ 10 million to fuel distributors Petrobras and Axion after losing a 2017 lawsuit filed when the plaintiffs saw their profit margins narrowed by local regulations, the Montevideo El Observador newspaper reported.
Thursday, August 29th 2019 - 08:42 UTC
Petrobras privatization: still the crown jewel and needs congressional approval

Brazil's influential finance minister has convinced President Jair Bolsonaro to consider the once-unthinkable step of privatizing state-owned oil company Petrobras , but stiff political opposition could stifle any effort to sell the country's corporate crown jewel.