4/06/2015 @ 5:17PM 2,354 views Here's How Much Petrobras 'Partners-in-Crime' Lost In Oil Scandal Kenneth Rapoza /Forbes The Petrobras oil scandal is taking billions of dollars out of the coffers of construction majors that colluded with the Brazilian state-owned company in a decades old fraud scheme. But they are not the only ones feeling the pain. All told, five... Continue Reading →
UPDATE – Petrobras Suppliers Thrown China Lifeline in Credit Squeeze
Petrobras Suppliers Thrown China Lifeline in Credit Squeeze By Sabrina Valle 6:04 PM BRT April 6, 2015 A group of Petroleo Brasileiro SA suppliers is negotiating about $3.5 billion in loans from Chinese institutions as China expands support for Brazil’s oil industry, the Brazil-China Chamber of Commerce & Industry said. About half of the more... Continue Reading →
Petrobras Probe Spurs Regulatory Fight on Leniency for Suppliers
Petrobras Probe Spurs Regulatory Fight on Leniency for Suppliers By Anna Edgerton 11:13 PM BRT April 6, 2015 Attorney General Luis Inacio Adams, seen here, said, “Of course companies need to be punished. They have to go through a process that’s perhaps traumatic to recover from. But that traumatic process shouldn’t necessarily mean the death... Continue Reading →
Petrobras Suppliers Negotiate Chinese Credit Deal, Chamber Says
Petrobras Suppliers Negotiate Chinese Credit Deal, Chamber Says By Peter Millard 6:04 PM BRT April 6, 2015 A group of Petroleo Brasileiro SA suppliers is negotiating about $3.5 billion in loans from Chinese institutions as China expands support for Brazil’s oil industry, the Brazil-China Chamber of Commerce & Industry said. About half of the more... Continue Reading →
Oil Surges on Signs of Growing Demand
Oil Surges on Signs of Growing Demand By TIMOTHY PUKO Updated April 6, 2015 3:51 p.m. ET Oil prices surged to their biggest gain in nearly two months, buoyed by signs of rising demand in the U.S. and Asia. Data provider Genscape Inc. reported that supplies in Cushing, Okla.—a key storage hub and the delivery... Continue Reading →
Petrobras / Clarification on News: Financial Statements
Petrobras Clarification on News: Financial Statements Rio de Janeiro, April 2, 2015 – Petróleo Brasileiro S.A. – Petrobras complies with OFFICIAL LETTER/CVM/SEP/GEA-1/No. 108/2015, which requests the following clarification: OFFICIAL LETTER /CVM/SEP/GEA-1/No. 108/2015 “In reference to news released on March 31, 2015 in the newspaper Folha Online entitled “List also prevents the release of Petrobras’s balance... Continue Reading →
Petrobras / Clarification on News: Pasadena
Petrobras Clarification on News: Pasadena Rio de Janeiro, April 2, 2015 – Petróleo Brasileiro S.A. – Petrobras complies with OFFICIAL LETTER/CVM/SEP/GEA-1/No. 109/2015, which requests the following clarification: OFFICIAL LETTER/CVM/SEP/GEA-1/No. 109/2015 “In reference to news released on April 1, 2015 in the newspaper Valor Econômico entitled “Petrobras refused Pasadena for US$ 40 million” containing the following... Continue Reading →
How Brazil’s ‘Nine Horsemen’ Cracked a Bribery Scandal
How Brazil’s ‘Nine Horsemen’ Cracked a Bribery Scandal Amid outrage over corruption allegations at Petrobras, prosecutors flip witnesses, make gains in wide-ranging probe Thousands took to the streets in Rio de Janeiro in March to protest alleged corruption involving executives of state-controlled oil company Petrobras and politicians. PHOTO: FABIO TEIXEIRA/ZUMA PRESS By WILL CONNORS And LUCIANA MAGALHAES/WSJ April... Continue Reading →
Petrobras Supplier Schahin Said Seeking Loan to Avert Bankruptcy
Petrobras Supplier Schahin Said Seeking Loan to Avert Bankruptcy By Peter Millard Francisco Marcelino Filipe Pacheco 11:46 AM BRT April 6, 2015 Schahin Petroleo & Gas SA, an offshore rig and platform supplier to Petroleo Brasileiro SA, is seeking a credit line to avoid filing for bankruptcy protection after getting blocked from new contracts by... Continue Reading →
Brazil Analysts Boost 2015 CPI, Cut GDP for 14th Straight Week
Brazil Analysts Boost 2015 CPI, Cut GDP for 14th Straight Week By Mario Sergio Lima 8:41 AM BRT April 6, 2015 Brazil economists raised their estimate for 2015 inflation and cut their growth forecast for the 14th straight week, as the government contends with a combination of above-target inflation and stagnating activity. Analysts raised their... Continue Reading →
