Rolls-Royce accused in Petrobras scandal

http://www.ft.com/cms/s/0/96152e80-b3ca-11e4-a6c1-00144feab7de.html#ixzz3RuUUbnXJ February 15, 2015 10:00 pm Rolls-Royce accused in Petrobras scandal Samantha Pearson and Joe Leahy in São Paulo ©AFP Rolls-Royce has been accused of involvement in a multibillion-dollar bribery and kickback scheme at Petrobras, Brazil’s state-controlled oil producer, as more foreign companies are dragged into the country’s largest corruption scandal. The British engineering company, which makes gas... Continue Reading →

February 16, 2015 0

The $100m man’s guide to Brazilian graft

. http://www.ft.com/cms/s/0/d80ab9fc-b34f-11e4-a45f-00144feab7de.html#ixzz3Ros28J5X February 15, 2015 12:34 pm The $100m man’s guide to Brazilian graft Joe Leahy in São Paulo ©AFP Workers demand the payment of wages in arrears from Petrobras in Rio de Janeiro AFP/Getty Images One October night in 2011 in Milan, Italy, a group of four Brazilian businessmen linked to Petrobras, Brazil’s state-owned oil operator,... Continue Reading →

February 15, 2015 0

UPDATE 1-Seadrill gives up on $1.1 bln of Petrobras orders

UPDATE 1-Seadrill gives up on $1.1 bln of Petrobras orders Friday Feb 13 (Reuters) - Seadrill, the world's third-biggest offshore driller, cut $1.1 billion worth of Petrobras orders from its backlog due to the Brazilian firm's troubles, sending its shares 13 percent lower. Seadrill, which had an order backlog of $20 billion at the end... Continue Reading →

February 14, 2015 0

Petrobras Payoffs Hit Brazil Party in Way Mensalao Never Did

Petrobras Payoffs Hit Brazil Party in Way Mensalao Never Did By David BillerMario Sergio Lima 1:01 AM BRST February 12, 2015 Brazilian President Dilma Rousseff’s approval rating in January fell to its lowest level on record, 23 percent, as more than three-quarters of people believe she was aware of billions in graft at Petrobras... Continue Reading →

February 13, 2015 0

Whose oil in Brazil?/One of the many casualties of the Petrobras scandal is a misguided industrial policy

Bello Whose oil in Brazil? One of the many casualties of the Petrobras scandal is a misguided industrial policy Feb 14th 2015 | From the print edition The Economist THE slogan under which Petrobras, Brazil’s national oil company, was founded in 1953 was o petróleo é nosso (“the oil is ours”). Ours, not the foreigners’, was the implication. That, too, is... Continue Reading →

February 13, 2015 0

Petrobras Said to Seek SEC Help in Breaking Accounting Deadlock

Petrobras Said to Seek SEC Help in Breaking Accounting Deadlock By Peter Millard Sabrina Valle 12:22 PM BRST February 13, 2015 (Bloomberg) -- After months of soul searching over how to book corruption costs, Petroleo Brasileiro SA is turning to the U.S. for a solution, said two people familiar with the matter. Petrobras plans... Continue Reading →

February 13, 2015 0

Former Petrobras CEO Weighs In on Corruption Probe

Former Petrobras CEO Weighs In on Corruption Probe Gabrielli Says He Feels Like ‘David Fighting Goliath,’ Denies Any Wrongdoing By LUCIANA MAGALHAES and ROGERIO JELMAYER Feb. 11, 2015 6:27 p.m. ET Wall Street Journal SÃO PAULO— José Sergio Gabrielli, the former chief executive of Petróleo Brasileiro SA, presided over one of the brightest periods in... Continue Reading →

February 12, 2015 1

Petrobras Platform Blast Kills Three and Shuts Gas Output

Petrobras Platform Blast Kills Three and Shuts Gas Output By Yasmine Batista 4:59 PM BRST February 11, 2015 (Bloomberg) -- Three workers died and six went missing in an offshore platform explosion at a natural gas field operated by Brazil’s state-run energy company Petroleo Brasileiro SA. Ten other workers were injured and flown... Continue Reading →

February 11, 2015 0

Aberdeen Exits Petrobras Equity Position Amid Corruption Probe

Aberdeen Exits Petrobras Equity Position Amid Corruption Probe by Katia Porzecanski Julia Leite 7:15 PM BRST February 11, 2015 (Bloomberg) -- Aberdeen Asset Management Plc sold all its Petroleo Brasileiro SA stock as a graft probe erodes confidence in the oil producer’s executives, according to Anne Richards, the asset manager’s chief investment officer.... Continue Reading →

February 11, 2015 0

Petrobras’s $4 Billion Bond Wipeout Is Just a Prelude

Petrobras’s $4 Billion Bond Wipeout Is Just a Prelude by Julia Leite Filipe Pacheco 12:00 AM BRST February 9, 2015 (Bloomberg) -- The corruption scandal battering Petrobras has already cost bondholders $4 billion. With the oil producer facing billions of dollars in writedowns, investors are bracing for even more pain. Petroleo Brasileiro SA’s... Continue Reading →

February 9, 2015 0