Rolls-Royce to Pay US$25 Million for Bribery in Brazil’s Lava Jato
Ex-Petrobras manager Pedro Barusco, told prosecutors he received US$200,000 from Rolls-Royce for contracts of gas turbines for oil rigs to...
January 17, 2017Topic
Petrobras
Opinion: Hope for Rio in 2017?
Opinion, by Michael Royster RIO DE JANEIRO, BRAZIL – This week’s news has been good for Brazil, and for the...
January 13, 2017
Investors More Optimistic About Brazil’s Petrobras in 2017
In addition to US$4 billion secured in new bonds, company received US$5 billion financing from China Development Bank and finalized...
January 11, 2017
Petrobras of Brazil Closes US$2.2 Billion Deal With Total
The agreement calls for selling participation in two pre-salt oil areas, 50 percent of two thermal plants and shared use...
December 22, 2016
Brazil’s Petrobras Announces Hikes in Fuel Prices
The increases in gasoline and diesel prices are part of Petrobras' new fuel price policy to maintain international price parity...
December 6, 2016
Brazil’s Petrobras Recovers R$204 Million from Lava Jato
The company's CEO hopes to obtain a total of R$5.5 billion back from kickbacks and bribes taken by former company...
November 21, 2016
Brazil’s Petrobras Sells Liquigás For R$2.8 Billion
The sale of Liquigás is part of the Petrobras’ 2015-2016 Divestment Plan that call for disinvestments of US$15.1 billion during...
November 18, 2016
Oil Giant Shell Announces R$10 Billion in Investments in Brazil
The recent approval to end Petrobras participation requirements is seen as opening opportunities for new players to enter the Brazilian...
November 14, 2016
New Petrobras Participation Rules Now Awaits Presidential Sanction
Officials hope that the bill that withdraws the requirement of a 30 percent participation by Petrobras on all operations will...
November 10, 2016