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 →
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 →
Petrobras Said to Hit Drilling Snag at Biggest Brazil Find
Petrobras Said to Hit Drilling Snag at Biggest Brazil Find by Peter MillardSabrina Valle 4:11 PM BRST February 10, 2015 (Bloomberg) -- Petroleo Brasileiro SA halted drilling at its largest oil discovery in deep waters, two people with knowledge of the matter said, underscoring the technical challenges facing the company’s new management team. An... Continue Reading →
Petrobras scandal draws in foreign investors
http://www.ft.com/cms/s/0/61102170-b07a-11e4-92b6-00144feab7de.html#ixzz3RHsy5yQS February 9, 2015 8:14 pm Petrobras scandal draws in foreign investors Joe Leahy in São Paulo and Jeremy Grant in Singapore Two major Singaporean shipbuilders and three Brazilian companies with Japanese shareholders have been accused of paying bribes in the corruption scandal at Brazilian state-controlled oil group Petrobras. It is the first time a group... Continue Reading →
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 →
Petrobras scandal adds to brewing storm for Dilma Rousseff
http://www.ft.com/cms/s/0/074fd19c-ad57-11e4-97c1-00144feab7de.html#ixzz3RAZ7XfPC GLOBAL INSIGHT February 5, 2015 6:17 pm Petrobras scandal adds to brewing storm for Dilma Rousseff Joe Leahy in São Paulo President’s future in doubt as she tussles with the two faces of national oil champion ©EPA When Petrobras chief executive officer, Maria das Graças Foster, was meeting Brazilian President Dilma Rousseff this week... Continue Reading →
Banker Takes Helm of Brazil’s Troubled Oil Giant
Filling Top Post at Petrobras, Government Taps Head of Banco do Brasil Aldemir Bendine, shown in 2011, is moving from his chief executive post at Banco do Brasil to head up Petrobras. PHOTO: BLOOMBERG NEWS By ROGERIO JELMAYER and LUCIANA MAGALHAES Updated Feb. 6, 2015 7:22 p.m. ET SÃO PAULO—With state-controlled Petroleo Brasileiro SA reeling from a... Continue Reading →
Police Seize Lamborghini From ‘Negative Billionaire’ Batista
Police Seize Lamborghini From ‘Negative Billionaire’ Batista Facebook Twitter Instagram Youtube byBlake Schmidt 12:17 PM BRST February 6, 2015 Eike Batista in Beverly Hills, California. hotographer: Jonathan Alcorn/Bloomberg (Bloomberg) -- Authorities raided billionaire Eike Batista’s mansion in Rio de Janeiro this morning, impounding seven vehicles, his mobile phone and 90,000 reais in cash, among other assets, according... Continue Reading →
Maria das Graças Foster, Petrobras Chief
PERSON IN THE NEWS January 30, 2015 10:53 pm Maria das Graças Foster, Petrobras chief Samantha Pearson in São Paulo Brazil oil major head’s career looks likely to end with corruption scandal, writes Samantha Pearson ©Joe Cummings Maria das Graças Foster is no average Brazilian executive. For a start, the chief executive of Petrobras is... Continue Reading →
Mopping up after the mess at Petrobras
January 30, 2015 6:12 pm Mopping up after the mess at Petrobras Corruption at the state-owned oil company brings chaos to Brazil ©AFP Petrobras represents the best and worst of Brazil. Its technical competence is renowned and it has vast deep sea reserves. Such were the lures that drew investors to the world’s largest equity offering... Continue Reading →
Brazil Energy Insight 