Brazil’s Petrobras Registers 90 Percent Drop in Q2 Net Income
Company's net income drops almost 90 percent in the second quarter of 2015.
August 7, 2015Section
Oil and Gas Business
Oil and Gas Industry News in Rio de Janeiro and Brazil
Rio Governor Pezão Ensures Comperj Refinery Will Open
The governor of Rio de Janeiro, Luiz Fernando “Pezão” (Bigfoot), said that the troubled refinery Comperj will be completed.
July 1, 2015
Lava Jato Scheme Affects Brazil’s Ship-Building Industry
Bribery and money-laundering scheme may lead to the layoffs of forty thousand ship construction employees in the next four months.
April 30, 2015
Petrobras of Brazil Announces Losses of US$17 Billion in 2014
Petrobras of Brazil announced that corruption, bribes and devaluation of assets (impairment) cost the company over US$17 billion in 2014.
April 23, 2015
Petrobras Signs Agreement with China’s Development Bank
Contract should relieve financial pressure over company, which has found it difficult to obtain foreign credit due to the widespread...
April 2, 2015
Brazil’s Petrobras Pre-Salt Clusters Set Record Production
Santos and Campos basin pre-salt clusters reached record levels of production in February.
March 20, 2015
Dow Jones Removes Brazil’s Petrobras From Sustainability Index
The removal of the Brazilian company from the index is due to the widespread corruption scandal known as Operação Lava...
March 17, 2015
Petrobras: Q3/2014 Results Only in 2015, Bans Contractors
Financial results will not have the approval of external auditor and companies linked to Lava Jato scheme are banned from...
December 31, 2014
Brazil’s Petrobras May See Its Rating Downgraded
Corruption scandal and delays in filing financial statements may lead to loss of investment grade.
December 26, 2014