Federal Police Arrest Another Petrobras Director in Brazil
With the arrest of Jorge Zelada, Brazil's Federal Police have now arrested four former Petrobras directors in connection with the...
July 3, 2015Topic
Petrobras
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 Operation Arrests High-Level Executives in Brazil
Among those arrested were the presidents of Odebrecht and Andrade Gutierrez, the two largest construction conglomerates in the country.
June 19, 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
Ruling Party Treasurer Arrested in Corruption Scandal in Brazil
Treasurer is being investigated for passive corruption and money laundering linked to the Petrobras scandal.
April 15, 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
Former Petrobras CEO Testifies Before Brazilian Congress
Foster stated she feels ashamed of the widespread corruption scandal at one of the country's largest companies.
March 27, 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