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 →
From Champs To Chumps: Latin America Oil Giants Owe $275 Billion
The Latin American state-run oil companies whose largesse filled government coffers from Mexico to Brazil during the crude boom of the previous decade are quickly becoming dangerous liabilities as soaring debt levels spook investors. Regional leaders are being forced to shelve plans to spend petro-cash on popular projects after oil prices plunged more than 50 percent... Continue Reading →
Petrobras – Disbursement of the Financing Agreement with ICBC Leasing
Rio de Janeiro, March 8, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that the amount of US$ 1 billion, associated with the financial leasing of P-52 platform, signed with ICBC Leasing (Industrial and Commercial Bank of China Leasing) and announced to the market on October 13th,2015, was disbursed today. The transaction has a 10... Continue Reading →
Brazil’s Marcelo Odebrecht Gets 19 Years in Jail in Carwash Case
Marcelo Odebrecht, the former head of one of Brazil’s largest industrial conglomerates, was sentenced to 19 years and four months in jail for crimes including corruption and money laundering. Odebrecht, who ran the Odebrecht SA holding company that owns Latin America’s largest builder until he was arrested last year, was convicted of crimes including corruption,... Continue Reading →
Odebrecht, OAS ex-CEOs mull collaborating in Brazil probe: paper
Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA is escorted by Federal Police officers as he arrives at the Institute of Forensic Science in Curitiba, Brazil, June 20, 2015. REUTERS/RODOLFO BURHER March 8,2016 The former chief executives of major Brazilian builders Odebrecht SA [ODBES.UL] and OAS Empreendimentos SA [OAS.UL]... Continue Reading →
One injured in Texas explosion at Petrobras refinery
One person was burned when a unit that makes diesel ruptured on Saturday morning in a ground-shaking blast at the Pasadena, Texas, refinery owned by Brazil's national oil company Petrobras, the company said. Petrobras said in a statement the fire, which started around 10:15 a.m. CT, had been contained by mid-afternoon at the 100,000 barrel... Continue Reading →
