Brought to you by Quest Offshore & Southern Cone Consultants
Witness Repeats Allegations Against Politicians in Petrobras Inquiry Rousseff, Lula da Silva named in connection with alleged corruption at Petrobras Alberto Youssef, a witness in Brazil’s investigation into alleged corruption at state-owned oil company Petrobras, is escorted by federal policemen before a hearing at the federal court in Curitiba in February. PHOTO: REUTERS By LUCIANA MAGALHAES And WILL... Continue Reading →
Fri May 8, 2015 6:36pm EDT Petrobras says it plans lawsuits to recoup $440 mln in graft RIO DE JANEIRO/Reuters May 8 Brazil's state-run oil company Petroleo Brasileiro SA plans to sue five construction and engineering firms and their senior executives to recover about 1.3 billion reais ($440 million) lost in a corruption scandal, the... Continue Reading →
Petrobras Said to Attract Mitsui in Sale of Brazil Gas Pipelines 9:03 PM BRT May 7, 2015 Petroleo Brasileiro SA has drawn interest from Mitsui & Co. in the sale of a package of natural gas pipelines, according to people with knowledge of the matter. Petrobras, as the Brazilian state oil company is known, has... Continue Reading →
Brazil Needs Oil to Rebound to $80 to Open Prized Fields Auction By Sabrina Valle Juan Pablo Spinetto / Bloomberg 7:30 PM BRT May 5, 2015 Crude prices need to recover for Brazil to advance plans to open its most sought-after fields to investors, the country’s oil regulator said. Brent prices would have to rise... Continue Reading →
Pummeled by Petrobras Probe, Rig Bond Is Now Swarmed by Buyers By Anna Edgerton Paula Sambo/Bloomberg 8:00 PM BRT May 5, 2015 Few Brazilian companies were hit harder by the Petroleo Brasileiro SA bribery investigation than the nation’s rig suppliers. Queiroz Galvao Oleo e Gas Constellation, one of the biggest, saw some of its bonds... Continue Reading →
Petrobras / Quiet Period – 1st Quarter 2015 Rio de Janeiro, May 5th, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that it will release its 1st Quarter 2015 results on May 15th, 2015, Friday, after the market is closed. Therefore, from May 5th to May 15th, the Company will be in quiet period. During... Continue Reading →
Petrobras - Clarification on News: Divestments in Pre-Salt areas Rio de Janeiro, May 5th, 2015 – Petróleo Brasileiro S.A. – Petrobras´ response to Official Letter BM&FBovespa 1.634/2015-SAE that requests clarification as follows: OFFICIAL LETTER 1.634/2015-SAE “An article published by Agência Estado – Broadcast, on May 5th, 2015, states, among other information, that Petrobras has plans... Continue Reading →
Brazil Probes Ex-Finance Minister Mantega Finance Minister Guido Mantega allegedly misled investors by requiring state-run oil firm Petróleo Brasileiro SA to subsidize domestic fuel prices A couple fish near a Petrobras facility in the state of Rio de Janeiro. PHOTO: EFE/ZUMA PRESS By PAUL KIERNAN/WSJ May 5, 2015 10:12 p.m. ET RIO DE JANEIRO—Brazil’s government is investigating... Continue Reading →
Tue May 5, 2015 8:49am EDT Brazil regulator says former Petrobras board misguided investors RIO DE JANEIRO Reuters) - Brazil's securities industry regulator accused the former board of state-run oil producer Petrobras of setting a fuel pricing policy that misguided investors and hurt the company. The former board, which former Finance Minister Guido Mantega presided... Continue Reading →
Mon May 4, 2015 9:00 pm EDT Stumbling blocks emerge for Brazil prosecutors in Petrobras case SAO PAULO | BY CAROLINE STAUFFER (Reuters) - Recent setbacks for prosecutors in a huge corruption scheme at Brazil's state-run oil company Petroleo Brasileiro SA suggest they will struggle to win as many convictions as they seek. The Supreme Court's decision... Continue Reading →
