Brazil prosecutors alleged on Wednesday that trading giants Vitol, Trafigura and Glencore (GLEN.L) paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA (PETR4.SA) in return for business. The alleged graft was the latest finding of the country’s sweeping “Car Wash” investigation, which has uncovered the largest corruption scheme in... Continue Reading →

The investigation pointed to corruption schemes in the area of ​​oil and derivatives trading and corruption in the area of ​​chartering vessels 12/05/2018 The Federal Police (FP) launched Operation No Limits, 57th stage of Lava Jato. The new stage investigates businesses in the Petrobras trading area. A total of 190 police officers in the States... Continue Reading →

Rio de Janeiro, December 04, 2018 – Petróleo Brasileiro S.A. – Petrobras, in compliance with article 12 of CVM Instruction no. 358, dated of 1/3/2002, informs that it was notified by BlackRock, Inc. ("BlackRock") that the latter has sold preferred shares issued by the company, and as of November 29, 2018 it manages shareholding interest... Continue Reading →

12/4/18 Onshore, average equipment in activity in Brazil is the lowest since the 1980s The average number of offshore rigs in operation in Brazil this year is the lowest since 1999, with only nine units, according to BHGE's Rig Count. Throughout the history of the survey, which began in 1982, in just three years -... Continue Reading →

Brazil’s Supreme Court said on Tuesday it had authorized a federal investigation into allegations that the incoming chief of staff for far-right President-elect Jair Bolsonaro had taken illegal campaign donations. Brazil’s Prosecutor General Raquel Dodge asked the top court to allow an investigation into whether Onyx Lorenzoni, who will serve as Bolsonaro’s chief of staff... Continue Reading →

Rio de Janeiro, December 03, 2018 - Petróleo Brasileiro S.A. - Petrobras, following up on the release published on 04/30/18, reports that today it executed contractual instruments related to a new agreement negotiated with Centrais Elétricas Brasileiras S.A. (“Eletrobras”) and its subsidiaries Amazonas Energia (“AmE”) e Amazonas Geração e Transmissão (“AmGT”) for the resetting of... Continue Reading →

ExxonMobil has made its tenth discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels. The resource estimate, up from the previous estimate of more than 4 billion oil-equivalent barrels, is a result of further evaluation of previous discoveries and includes a new discovery at... Continue Reading →

Rio de Janeiro, December 3rd, 2018 – Petróleo Brasileiro S.A – Petrobras informs that in connection to the press released of November 6th, 2018 is paying today Interest on Own Capital  (IOC), as defined in art. 9, sole paragraph of its Bylaws. The value to be distributed, totaling R$ 1,304,449,693.00, corresponds to a gross amount... Continue Reading →