The eldest member of Brazil's Odebrecht family is personally spearheading negotiations between executives of his namesake engineering conglomerate and federal prosecutors for a potential plea deal in Brazil's biggest-ever corruption probe, O Estado de S.Paulo newspaper reported on Saturday. According to Estado, patriarch Emilio Odebrecht is leading a team of executives and lawyers of Odebrecht... Continue Reading →

Shipyard Atlantico Sul (EAS) signed last week a memorandum of understanding with the South American Tankers Company (Satco) to build, at its facilities in Ipojuca (PE), five Suezmax ships . These ships do not yet have rental contracts with customers. This year the yard had already signed another agreement with Satco to build eight vessels... Continue Reading →

A congressional committee in Brazil approved a constitutional amendment on Thursday that would limit public spending increases for 20 years, handing President Michel Temer an initial victory in his plan to plug a widening deficit. The lower house committee voted 23-7 to pass the proposal, which will be put to a vote in the full... Continue Reading →

Brazil's top court has approved a request by prosecutors to split the investigation of dozens of politicians implicated in the sprawling Petrobras corruption scandal by grouping them by the main parties that prosecutors allege received kickbacks. The separation is bad news for President Michel Temer because it will focus the investigation directly on politicians of... Continue Reading →

Oct 6/Reuters -  A former chief executive of Braskem SA is working with investigators in Brazil to establish the petrochemical company's responsibility in a political graft scandal involving its shareholders, according to a newspaper report on Thursday. Brazilian daily Valor Economico reported, without saying how it obtained the information, that former Chief Executive Carlos Fadigas... Continue Reading →

The red triangle is just about everywhere, from the massive sign looming over Fenway Park’s Green Monster to the filling stations on seemingly every other corner in the eastern half of the U.S. to the heating oil donated to the poor in the winter. Few foreign companies have the kind of footprint or brand recognition... Continue Reading →

Oct 5, Reuters -  Brazilian industrial conglomerate Odebrecht is on the verge of reaching a plea deal that includes a fine of more than 7 billion reais ($2.2 billion) for its role in the country's biggest-ever political graft scandal, a newspaper reported on Wednesday. Brazilian business daily Valor Economico reported, without saying how it obtained... Continue Reading →

Rio de Janeiro, October 04, 2016 - Petróleo Brasileiro S.A. – Petrobras, operator of Libra consortium, confirms that it has commenced a new bid process for the Libra Pilot Project FPSO. The company confirms the cancellation of the previous bid process, which began on August 12th, 2015, because it resulted in a proposal with an... Continue Reading →