Brazil's state-controlled oil company Petróleo Brasileiro SA agreed to buy 82,000 cubic meters (515,764 barrels) of gasoline from Braskem SA in November, bolstering supplies of the fuel as Petrobras faces its biggest strike in 20 years. Petrobras, which owns 36 percent of Braskem, signed the contract on Oct. 26 and will receive the fuel from... Continue Reading →
Petrobras – Update on Oil Workers’ Strike
11/04/2015 Rio de Janeiro, November 4, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that the strike coordinated by the oil workers’ unions is still affecting its operations. Yesterday, November 3rd, 2015, as forecasted by the Company, oil production fell by 178,000 barrels, equivalent to around 8.5% of daily output in Brazil. With the measures... Continue Reading →
Resignation of Petrobras Board of Directors Member Mr. Clovis Torres Junior
Resignation of Petrobras Board of Directors Member Mr. Clovis Torres Junior 11/03/2015 Rio de Janeiro, November 3rd, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that Mr. Clovis Torres Junior resigned today, for personal reasons, from both his positions as board member of Petrobras and as chairman of Petrobras Distribuidora S.A (BR). Mr. Clovis Torres... Continue Reading →
Petrobras – Oil Workers’ Strike
Petrobras - Oil Workers’ Strike 11/03/2015 Rio de Janeiro, November 3, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby announces that the strike coordinated by the oil workers’ unions is affecting its operations. Yesterday, November 2, 2015, oil production fell by 273,000 barrels, equivalent to 13% of daily output in Brazil. There was also a... Continue Reading →
UPDATE 2-Brazil oil strike cuts output up to 13 pct – Petrobras
A labor strike that began on Sunday has reduced oil production from Brazil's state-run oil producer Petroleo Brasileiro SA by 273,000 barrels on Monday, or 13 percent of its output, the company said in a Tuesday security filing. Petrobras said it estimated oil production would show a 8.5 percent drop on Tuesday and natural gas... Continue Reading →
Petrobras Output Cut by Oil Workers Striking Against Austerity
Brazil’s daily oil production has fallen by about 500,000 barrels as oil workers strike for the third day to protest austerity measures by state-controlled Petroleo Brasileiro SA that are resulting in job losses, the country’s main oil union said Tuesday. Output from the Campos Basin is down about 400,000 barrels a day with 25 offshore... Continue Reading →
No current risk of oil shortages due to Petrobras strike -ANP
No current risk of oil shortages due to Petrobras strike -ANP Reuters Nov 3 Brazil's oil agency ANP said on Tuesday there was no risk at the moment of an oil shortage as a result of the strike at state-run oil company Petroleo Brasileiro SA. The country's main oil union, FUP, said on Tuesday the... Continue Reading →
Swiss Begin Enforcement Proceedings Against Banks Over Petrobras
Hugo Miller /Bloomberg November 3, 2015 — 5:21 AM BRST Switzerland’s finance regulator has begun enforcement proceedings against three Swiss banks over shortcomings in their anti money-laundering provisions that exposed them to a widening corruption scandal surrounding Brazilian oil producer Petrobras Brasileiro SA. Finma, as the regulator is known, said Tuesday in an e-mailed statement... Continue Reading →
Diamond Offshore says 2 rig contracts with Petrobras terminated
Diamond Offshore Drilling Inc, one of the world's top-five offshore rig contractors, said contracts for two rigs with Brazil's Petrobras had ended ahead of schedule. The company said it had secured an 875-day extension on another rig working for the Brazilian oil and gas producer in exchange for the terminations. Diamond, which also reported a... Continue Reading →
‘Carwash’ Probe Recovers $622 Million in Brazil, O Globo Reports
Filipe Pacheco/Bloomberg November 1, 2015 — 3:19 PM BRST Money is part of 31 lawsuits seeking repayment of funds Proceeds to be initially held by Brazil's justice system Individual and companies involved in the investigations of Carwash, an alleged pay-to-play scheme, agreed to give back to Brazil’s government close to 2.4 billion reais ($622 million),... Continue Reading →
