Tags Petrobras

Tag: Petrobras

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The state-owned oil giant of Brazil, Petrobras, announced on late on Wednesday (June 14th) a reduction of gasoline and diesel prices at its refineries. Gasoline prices will be reduced by...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The oil giant of Brazil announced on Monday it will be selling one hundred percent of its participation in the Jurúa natural gas field, in the Amazon Region. The sale...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – A Federal Court in Sergipe, Brazil announced on Monday it was dismissing a legal action intended to suspend Petrobras’ sale of its shares in one of its subsidiaries, BR Distribuidora,...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Risk rating agency Moody's upgraded Petrobras' credit note from B2 to B1 and shifted the outlook to positive, indicating that the rating may rise again at any time. Despite the...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Federal Accounts Court (TCU) in Brazil announced on Wednesday it had found evidence of irregularities in over R$544 million paid for the construction of the Rio de Janeiro Petrochemical...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Former Brazilian Chamber of Deputies president, Eduardo Cunha, has been sentenced to fifteen years and four months in prison for crimes of passive corruption, money laundering and evasion of foreign...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Federal police in Brazil launched the 39th phase of Operação Lava Jato (Carwash) on Tuesday, March 28th, issuing five search warrants and an arrest warrant. Police say they have arrested...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Effects of the Brazilian federal police’s investigation into tainted meat, dubbed Operação Carne Fraca (Operation Weak Flesh) are being felt abroad as an United States law firm, that works for...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The oil giant of Brazil, Petrobras, registered a net income during the fourth quarter of 2016, despite registering a loss for the overall year, according to company officials. The results,...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – A court in Rio de Janeiro has determined that the millions recovered in the state from the Lava Jato (Carwash) corruption scandal be used to pay more than 140,000 public...
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