The Brazil's state-run Petrobras oil company headquarters is pictured in Rio de Janeiro, Brazil, January 28, 2016. REUTERS/SERGIO MORAES Swiss authorities will return $70 million more from funds frozen during investigations into allegations of corruption at Brazilian state oil group Petrobras (PETR4.SA), Attorney General Michael Lauber's office said on Thursday. The money - on top... Continue Reading →
Brazil’s Petrobras set to cut staff by 15 percent
Mar 17, 2016 - Reuters Gasoline prices are displayed at a Brazilian Oil Company Petrobras gas station in Rio de Janeiro, Brazil, February 6, 2016. REUTERS/RICARDO MORAES Brazil's state-run oil producer Petroleo Brasileiro SA plans to cut 15 percent of its staff through a voluntary layoff program to be announced by mid-year, newspaper o Estado... Continue Reading →
P-61 Output Below Expectations
The platform has completed a full year of production in Papa-Terra and is producing only 2,500 b/d [15.03.2016] / By Gabriela Medeiros/Brazil Energy P-61 platform and the P-63 FPSO, in the Para-Terra field, which, in total, is producing 16,000 b/d Petrobras is having a hard time increasing the production of the Papa-Terra field, which produces... Continue Reading →
Special Committee For The Pre-Salt Is Installed
The Chamber of Deputies has created a committee to discuss projects, such as providing for the end of Petrobras pre-salt sole operation. Members will elect a Chair tomorrow [15.03.2016] / By Camila Claro/Brazil Energy The Chamber of Deputies installed today, March 15, a Special Committee that will discuss projects relating to the pre-salt layer that... Continue Reading →
BTG’s Petrobras Africa Purchase Cited by Senator in Plea Bargain
Grupo BTG Pactual allegedly underpaid for oil assets in Africa it bought from Petroleo Brasileiro SA in 2013, a Brazilian senator said in a plea-bargain deal published by the Supreme Court on Tuesday. The Sao Paulo-based bank paid $1.5 billion for a 50 percent stake in Petrobras’s Africa division. That was less than the $2.7 billion... Continue Reading →
Petrobras’ Assets Targeted By Giants
BR Distribuidora, the leader in fuel distribution, and Liquigás, its cooking gas division, are being evaluated with interest by large Brazilian and foreign corporate groups [14.03.2016] By The Newsroom, with information from O Estado de S. Paulo Important Petrobras assets are the target of Brazilian and foreign conglomerates.The Ultra, owner of Ipiranga (service stations), Ultragaz... Continue Reading →
China’s CNOOC eyes Petrobras’ stake in Braskem
Mar 14, 2016 Reuters A logo is seen on the wall at the entrance of China National Offshore Oil Corp (CNOOC) office tower in Beijing, March 20, 2013. REUTERS/PETAR KUJUNDZIC China's CNOOC Ltd (0883.HK) is interested in purchasing a minority stake in Brazilian petrochemical company Braskem SA (BRKM5.SA) from state-run Petroleo Brasileiro SA (PETR4.SA), a... Continue Reading →
New Traces Of Oil In Libra
Petrobras reports second evidence of oil in the 3-BRSA-1322-RJS well in the Santos pre-salt layer [11.03.2016] / By Gabriela Medeiros/Brazil Energy Petrobras registered finding traces of oil while drilling the 3-BRSA-1322-RJS well in the Libra area in the Santos Basin pre-salt layer. This was the second time the company reported traces of oil during the... Continue Reading →
Petrobras scandal claims Marcelo Odebrecht, its biggest name yet
http://www.ft.com/cms/s/0/0074dda0-e775-11e5-bc31-138df2ae9ee6.html#ixzz42d5ovbzr March 11, 2016 2:55 pm Petrobras scandal claims Marcelo Odebrecht, its biggest name yet Samantha Pearson in São Paulo ©AFP Marcelo Odebrecht is said to have been lifting makeshift weights in a windowless cell in the south of Brazil At first glance, the event looked like any other attended by Marcelo Odebrecht during his... Continue Reading →
5th Circuit revives Petrobras lawsuit over chain failure
Mar 9, 2016 Reuters A U.S. appeals court has revived a lawsuit filed by the U.S. unit of Brazilian national oil company Petrobras claiming a faulty tether chain caused $400 million in damages when equipment it was meant to secure collapsed to the sea floor in the Gulf of Mexico in 2011. Petrobras America and... Continue Reading →
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