Petrobras Investors Claim PwC Ignored Red Flags of Fraud By Patricia Hurtado 7:04 PM BRT March 30, 2015 (Bloomberg) -- Investors in Petroleo Brasileiro SA, the state-run oil company at the center of a kickback scandal in Brazil, expanded their lawsuit against the company by adding claims that auditor PricewaterhouseCoopers LLP turned a “blind eye”... Continue Reading →
Class Action Complaint Against Petroleo Brasileiro S.A.- Petrobas and Certain Additional Defendants – PBR
Class Action Complaint Against Petroleo Brasileiro S.A.- Petrobas and Certain Additional Defendants - PBR March 30, 2015 07:30 ET | Source: Pomerantz LLP NEW YORK, March 30, 2015 (GLOBE NEWSWIRE) -- Lead Counsel Pomerantz LLP announces the filing of a consolidated amended securities class action complaint ("CAC") against Petroleo Brasileiro S.A. — Petrobras ("Petrobras" or the "Company") (NYSE:PBR), its... Continue Reading →
ExxonMobil Begins Production at Hadrian South; co-venturers Petrobras and Eni hold 23.3 percent and 30 percent, respectively.
ExxonMobil Begins Production at Hadrian South; co-venturers Petrobras and Eni hold 23.3 percent and 30 percent, respectively. ExxonMobil BeginsProduction at HadrianSouth in Gulf of Mexico Gross daily production to reach approximately 300 million cubic feet of gas and 3,000 barrels of liquids ExxonMobil net daily production from Hadrian South and Lucius to reach more than... Continue Reading →
Skagen Bets on Petrobras as Producer Seen Emerging Stronger
Skagen Bets on Petrobras as Producer Seen Emerging Stronger By Jonas Cho Walsgard 7:01 PM BRT March 29, 2015 (Bloomberg) -- Skagen AS, whose emerging market fund has beaten the benchmark eight of the past 10 years, is snapping up shares in Petroleo Brasileiro SA in a bet the state-owned oil producer will emerge stronger... Continue Reading →
Petrobras Names Vale CEO Ferreira to Take Over Board on April 29
Petrobras Names Vale CEO Ferreira to Take Over Board on April 29 by Juan Pablo Spinetto Paula Sambo 10:11 AM BRT March 27, 2015 (Bloomberg) -- Petroleo Brasileiro SA is appointing the top executive at iron-ore miner Vale SA to lead its board from the end of next month as Brazil’s state-run oil producer attempts... Continue Reading →
PETROBRAS/Clarification on News: Financial Statements
Notices and Facts - PETROBRAS Clarification on News: Financial Statements Rio de Janeiro, March 26, 2015 – Petróleo Brasileiro S.A. – Petrobras complies with OFFICIAL LETTER/CVM/SEP/GEA-1/No. 91/2015, which requests the following information: OFFICIAL LETTER /CVM/SEP/GEA-1/No. 91/2015 “In reference to news released today by Agência Estado – Broadcast at 7:09:57 p.m. entitled “Sources: Petrobras to record... Continue Reading →
Petrobras Boardroom Helm Handed to Rousseff State Banker Ally
Petrobras Boardroom Helm Handed to Rousseff State Banker Ally By Juan Pablo Spinetto Sabrina Valle 6:48 PM BRT March 26, 2015 (Bloomberg) -- Petroleo Brasileiro SA appointed a long-time ally of President Dilma Rousseff to lead its board, shunning calls to regain credibility by naming a more market-friendly executive. Petrobras, the Rio de Janeiro-based oil... Continue Reading →
Petrobras Oil Delays Seen by Fitch as Possible Rate-Cut Trigger
Petrobras Oil Delays Seen by Fitch as Possible Rate-Cut Trigger By Sebastian Boyd Peter Millard 12:17 PM BRT March 26, 2015 (Bloomberg) -- Petroleo Brasileiro SA, the biggest oil producer in deep waters, risks losing its investment-grade credit rating if it fails to complete deep-water production vessels fast enough to accelerate output, said Joe Bormann,... Continue Reading →
Petrobras Bonds, After Slump, Find Takers
Petrobras Bonds, After Slump, Find Takers Prices have risen in the past week amid expectations the oil company soon will resolve uncertainty over its finances Petrobras headquarters in Rio de Janeiro. Some of the state-run oil company’s bonds have risen 7% in the past week. PHOTO: ANTONIO LACERDA/EUROPEAN PRESSPHOTO AGENCY By CAROLYN CUI/WSJ March 25, 2015 6:54... Continue Reading →
Galvao Engenharia Files for Bankruptcy Protection Amid Probe
Galvao Engenharia Files for Bankruptcy Protection Amid Probe By Julia Leite 8:35 PM BRT March 25, 2015 (Bloomberg) -- Galvao Engenharia SA, a Brazilian builder being investigated in a probe of alleged kickbacks at Petroleo Brasileiro SA, filed for bankruptcy protection in Rio de Janeiro. The company said in an e-mailed statement Wednesday that its... Continue Reading →
