Gram Slattery

Exclusive-JPMorgan faces oil bribery probe in Brazil

Sep 22 2021

RIO DE JANEIRO Brazilian authorities are investigating whether JPMorgan Chase & Co played a role in an alleged bribery and money laundering scheme that dated back to 2011 and involved state-run oil company Petrobras, according to documents reviewed by Reuters and two law enforcement sources. So far, police have focused their attention on purchases of roughly 300,000 barrels of Petrobras fuel oil by JPMorgan in 2011 according to the court documents and sources, who requested anonymity to discuss an ongoing investigation.

Brazil truckers block highways, Bolsonaro asks protestors to stand down

Sep 08 2021

SAO PAULO (Reuters) -Brazilian truckers staged demonstrations throughout Brazil on Wednesday, partially blocking key routes in several states and prompting President Jair Bolsonaro to ask the protestors to stand down.

Board at Brazil's Petrobras unchanged after shareholder vote

Aug 27 2021

RIO DE JANEIRO Shareholders in Brazil's Petrobras elected seven government-backed candidates to the board of directors and one market-tipped candidate at an extraordinary meeting on Friday, frustrating investors who had hoped to dilute state control.

Brazil's 3R Petroleum in talks to buy Petrobras' Polo Potiguar for over $1 billion

Aug 27 2021

RIO DE JANEIRO Brazil's Petrobras is in talks with 3R Petroleum Oleo e Gas SA to sell a refinery and dozens of oil fields for more than $1 billion, the company said on Friday, a deal that would prove transformational for 3R if completed.

EIG Global Energy Partners submits offer for Petrobras pipelines in Brazil, source says

Aug 25 2021

RIO DE JANEIRO U.S. private equity firm EIG Global Energy Partners submitted a binding offer worth several hundred million dollars on Monday for Petrobras' TBG and TSB natural gas pipelines in Brazil, a source with direct knowledge of the matter told Reuters.

Former Brazil congresswoman goes to jail on charges of killing husband

Aug 13 2021

RIO DE JANEIRO Flordelis dos Santos de Souza, a former Brazilian congresswoman accused of orchestrating the execution of her husband in June 2019, was arrested on Friday evening after being stripped of her parliamentary immunity.

Exclusive-Talos exits consortium bidding on Petrobras' Albacora fields -sources

Aug 09 2021

RIO DE JANEIRO (Reuters) -Talos Energy Inc has withdrawn from a consortium with EIG Global Energy Partners, Enauta Participacoes SA and 3R Petroleum Oleo e Gas SA, and the group has submitted a binding offer to Petrobras for the Albacora and Albacora Leste oilfields in Brazil, five sources with knowledge of the matter said on Monday.

Brazil's Petrobras shares soar as dividends, results surprise

Aug 05 2021

RIO DE JANEIRO (Reuters) -Preferred shares in Brazil's Petrobras jumped almost 10% on Thursday, after the state-controlled oil company smashed second-quarter margin estimates and announced 31.6 billion reais ($6.15 billion) in extraordinary dividend payments.

Brazil's Petrobras beats estimates on strong natgas sales, crude prices

Aug 04 2021

RIO DE JANEIRO Brazil's Petrobras beat second quarter profit estimates on Wednesday, as higher Brent prices, strong natural gas sales and relatively controlled expenses boosted the company's bottom line.

Brazil's Vale revises down year-end iron ore output

Jul 29 2021

RIO DE JANEIRO (Reuters) -Vale SA flagged potential production setbacks on Thursday amid temporary issues at multiple iron ore mines, but executives said the Brazilian miner was still on track to ramp up output in the second half of the year.

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