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Golar LNG said on Tuesday Hygo Energy Transition Ltd Chief Executive Officer Eduardo Antonello has taken leave of absence with immediate effect, following a corruption investigation involving him in Brazil. Golar said Antonello's leave was in no way linked to any action or misconduct during his tenure at Hygo Energy, a liquefied natural gas transport... Continue Reading →
In view of the facts revealed in the 75th phase of Operation Lava Jato related to the Golar Power Group, Petrobras informs that a review of this supplier's Integrity Analysis is in progress. This analysis is done regularly with all the company's suppliers and assigns different Degrees of Integrity Risk (GRI). Any change in the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on June 24, 2020, informs that its Executive Board approved a second alteration to the deadline for certain precedent conditions set forth in the agreement with Seven Brazil to be implemented. Thus, the effectiveness of the agreement and other related contracts will depend on... Continue Reading →
Offshore drilling contractor Seadrill said Thursday its Brazilian subsidiary had been served with a search and seizure warrant in relation to a bribery investigation. "Seadrill Limited confirms that today its subsidiary Seadrill Serviços de Petroleo, Ltda was served with a search and seizure warrant from the Federal Police in Rio de Janeiro, Brazil as part... Continue Reading →
For the first time, Operation Lava Jato investigates the Exploration and Production sector at Petrobras. The Federal Police carried out 25 search and seizure warrants in the 75th phase of the operation, named Boeman - a reference to the mythical creature from Holland popularly known as the bogeyman. Twenty warrants are being fulfilled in Rio... Continue Reading →
Sept 16, 2020 A group of Seadrill's creditors has agreed to let the offshore drilling rig operator suspend interest payments this month as part of an ongoing effort to restructure its $7.3 billion debt, the Oslo-listed company said on Wednesday. Seadrill, which has so far failed to convince its 43 bank lenders to permanently adjust... Continue Reading →
September 14, 2020 Petróleo Brasileiro S.A. – Petrobras hereby announces that the National Agency of Petroleum, Natural Gas and Biofuels (ANP) approved the change in the name of the Lula field to Tupi field. The approval is aimed at complying with the ruling of July 7, 2020, in a citizen lawsuit, which ordered the... Continue Reading →
September 11, 2020 - Petróleo Brasileiro S.A. - Petrobras informs that yesterday, the 74th phase of Lava Jato operation (Car Wash) was launched, in which the Federal Prosecutors and the Federal Police are investigating possible wrongdoing in connection with exchange contracts signed with Banco Paulista, as well as alleged improper payments to three Company employees,... Continue Reading →
Sept 10, 2020 A Petrobras manager was among the subjects of search warrants issued to police on Thursday, part of a years-long investigation into alleged corruption at the Brazilian state-controlled oil firm, according to court documents seen by Reuters. Brazil’s federal police served 25 search warrants as part of the sweeping “Car Wash” probe, one... Continue Reading →
Sept 10, 2020 Brazil’s federal police were serving 25 search warrants as part of an investigation regarding foreign-exchange transactions done by state-controlled oil company Petroleo Brasileiro SA between 2008 and 2011, according to a statement from federal prosecutors on Thursday. The raids are part of the 74th phase of Brazil’s so-called Car Wash probe, the... Continue Reading →
Brazil Energy Insight 