Petrobras $7.2 Billion Profit Lifts Stock as Ibovespa Fluctuates by Denyse Godoy/Bloomberg 9:49 AM BRT May 18, 2015 Surprising earnings at Petroleo Brasileiro SA, the oil producer at the center of Brazil’s largest corruption probe, sent its shares to a six-month high. The Ibovespa fluctuated. The company posted $7.2 billion in a measure of earnings,... Continue Reading →
Brazil seizes $327 million in contractor assets in Petrobras scandal
Fri May 15, 2015 8:11pm EDT Brazil seizes $327 million in contractor assets in Petrobras scandal BRASILIA A person walks past the Petrobras logo in front of the company's headquarters in Sao Paulo April 23, 2015. REUTERS/PAULO WHITAKER Brazilian prosecutors said on Friday they have obtained court orders for the seizure of 980 million reais... Continue Reading →
Petrobras Financial Results 1Q15 in USD
Petrobras Financial Results 1Q15 in USD 1Q15 Financial Report (USD) PBR 1Q15 results 1Q15 Financial Statements (USD) PBR 1Q15 US$ Income Rio de Janeiro – May 15, 2015 - (A free translation of the original in Portuguese). Petrobras announces today its consolidated results for the 1Q-2015 reviewed by independent auditors, stated in millions of Reais,... Continue Reading →
Petrobras Earnings Beat Estimates After Fuel Price Increase
Petrobras Earnings Beat Estimates After Fuel Price Increase By Sabrina Valle/Bloomberg 6:07 PM BRT May 15, 2015 Petroleo Brasileiro SA, Brazil’s state-controlled oil producer, reported first-quarter earnings excluding items that beat analysts’ estimates. Adjusted earnings before interest, taxes, depreciation and amortization, or Ebitda, rose to 21.5 billion reais ($7.2 billion) in the first three months... Continue Reading →
Petrobras Results in Focus as Ibovespa Futures Join Global Gain
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 →
