Petrobras former engineering head Renato Duque and former Workers’ Party Treasurer Joao Vaccari were sentenced to jail for corruption and money laundering in Brazil’s largest graft scandal, known as Carwash. The conviction is the first against key figures connecting the kickback scheme to higher echelons of President Dilma Rousseff’s Workers’ Party. Duque was sentenced by... Continue Reading →

Brazilian police carried out on Monday a new round of arrests and search and seizure operations in the corruption probe involving state-run oil firm Petrobras, local media said. A former executive of engineering firm Engevix was arrested for allegedly paying bribes to officials at Brazil's state-run nuclear power firm Eletronuclear, according to Globo TV. Federal... Continue Reading →

Petrobras - Clarification on News: Petrobras without Gaspetro 09/16/2015 Rio de Janeiro, September 16, 2015 – Petróleo Brasileiro S.A. – Petrobras complies with Official Letter 359/2015/CVM/SEP/GEA-1, which requested clarifications as transcribed below: OFFICIAL LETTER 359/2015/CVM/SEP/GEA-1 “We report hereby to the news published by the Isto É Dinheiro magazine, under the title “Petrobras sem Gaspetro” (Petrobras... Continue Reading →

Petrobras - Resignation of Petrobras Distribuidora CEO Rio de Janeiro, September 16, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that the CEO of Petrobras Distribuidora (BR), Mr. José Lima de Andrade Neto, has resigned today for health reasons. The CFO of Petrobras Distribuidora, Mr. Carlos Alberto Tessarollo, who was already replacing Mr. Lima during... Continue Reading →

Petrobras - Oil and Natural Gas Production in August 09/16/2015 Rio de Janeiro, September 16, 2015 – Petróleo Brasileiro S.A. – Petrobras announces that its average production of oil and natural gas, in Brazil and abroad, was 2.88 million barrels of oil equivalent per day (boed) in August 2015, an increase of 3.1% compared to... Continue Reading →

Petrobras - Clarification on News: Unprecedented expense cuts Rio de Janeiro, September 14, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby responds to BM&FBovespa Official Letter 2851/2015-SAE, which requests the following clarifications: BM&FBovespa Official Letter 2851/2015-SAE “We request that you provide clarification, by 9:00 a.m. on September 15, 2015, of the content of the article... Continue Reading →

Petrobras Oil Output May Face Interruptions If Workers Strike Oil production in Brazil may be interrupted if Petroleo Brasileiro SA workers decide to strike for an extended period, said Deyvid Bacelar, the company’s board member representing workers. Workers may decide whether to go on strike as soon as Friday, Bacelar, who is also an oil union... Continue Reading →