Petrobras Results in Focus as Ibovespa Futures Join Global Gain By Julia Leite/Bloomberg 9:48 AM BRT May 15, 2015 Ibovespa futures joined gains in global shares as investors awaited Petroleo Brasileiro SA’s first-quarter earnings. Petrobras, embroiled in a corruption scandal that stumped executives and accountants for months as they struggled to tally costs related to... Continue Reading →
Petrobras / New record in the “pre-salt” production
Petrobras / New record in the “pre-salt” production Rio de Janeiro, May 12th, 2015 – Petróleo Brasileiro S.A. – Petrobras announces that oil production at fields operated by the Company in the province of the “pre-salt” in Santos and Campos basins reached 800 thousand barrels of oil per day (bdp) on April 11th, 2015, setting... Continue Reading →
Brazil prosecutors say Petrobras scheme moved $2.1 billion in bribes
Thu May 14, 2015 5:06pm EDT Brazil prosecutors say Petrobras scheme moved $2.1 billion in bribes SAO PAULO/Reuters The Petrobras logo is seen in front of the company's headquarters in Sao Paulo April 23, 2015. REUTERS/PAULO WHITAKER Brazilian investigators believe 6.19 billion reais ($2.1 billion) in bribes were moved in a corruption scheme involving state-run... Continue Reading →
Toshiba Executive Called to Brazil Congress Probe of Petrobras
Toshiba Executive Called to Brazil Congress Probe of Petrobras By Anna Edgerton Juan Pablo Spinetto/Bloomberg 5:56 PM BRT May 14, 2015 A Toshiba Corp. official was among several company executives called to testify to a congressional committee investigating Brazil’s largest corruption scandal. Luis Carlos Borba, president of Toshiba America do Sul Ltda. will be asked to explain... Continue Reading →
Brazil: Oily mess
http://www.ft.com/cms/s/0/fc43ddc6-f94f-11e4-be7b-00144feab7de.html#ixzz3a8zJDLZN May 14, 2015 7:30 pm Brazil: Oily mess Joe Leahy/FT A multi-billion dollar bribery scandal at Petrobras has shaken the ruling Workers’ party and former president Lula da Silva In Brazil’s hyper-consumerist society, people are accustomed to paying for everything in instalments, from fridges and televisions to silicon breast implants. But less commonly known... Continue Reading →
Petrobras to use Edison Chouest offshore base at Brazil’s Açu port
Wed May 13, 2015 5:00pm EDT Petrobras to use Edison Chouest offshore base at Brazil's Açu port RIO DE JANEIRO/Reuters May 13 Brazil's state-run oil company Petrobras will use offshore docks operated by U.S. ship-leasing company Edison Chouest to handle oil-service vessels at the Brazilian Port of Açu, the head of the company that owns... Continue Reading →
Petrobras scandal looms large in Shell’s plan to buy BG Group
http://www.ft.com/cms/s/0/32ab70fe-e2c1-11e4-bf4b-00144feab7de.html#ixzz3a6gH1A1D May 14, 2015 11:08 am Petrobras scandal looms large in Shell’s plan to buy BG Group Joe Leahy in São Paulo, Jamie Smyth in Sydney, Christopher Adams in London/FT ©Getty As Royal Dutch Shell seeks to finalise its £55bn takeover of smaller UK-based rival BG Group, it will be closely watching the situation at Petrobras, Brazil’s state-controlled oil company that... Continue Reading →
Brazil’s Petrobras expects to export 350,000 bpd in 2015
Wed May 13, 2015 10:46am EDT Brazil's Petrobras expects to export 350,000 bpd in 2015 RIO DE JANEIRO/Reuters May 13 Brazil's state-run oil company Petroleo Brasileiro SA expects to export 350,000 barrels of petroleum per day in 2015, crude oil manager Fernando Colares Nogueira said at an event on Wednesday. At the same event, the... Continue Reading →
Brazilian CEO to sign plea deal in Petrobras case -paper
Wed May 13, 2015 10:14am EDT Brazilian CEO to sign plea deal in Petrobras case -paper SAO PAULO/Reuters May 13 The head of Brazilian construction firm UTC Engenharia will sign a plea bargain deal with prosecutors, newspaper Folha de S. Paulo said on Wednesday, making him the highest-level executive to collaborate with a corruption... Continue Reading →
Petrobras/Record pre salt production
Petrobras announced that on April 11, 2015 the pre salt production hit a new milestone of 800 thousand bpd, eight years after the discovery of the pre salt fields. Petrobras is responsible for 74% ( 590 thousand bpd) of the production while other operators are responsible for the rest. More to come...
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