RIO DE JANEIRO Police in Brazil on Thursday arrested Eike Batista, the charismatic mining and oil magnate who was once the country's richest man, on suspicion of money laundering and insider trading.
RIO DE JANEIRO Brazilian state-run oil company Petroleo Brasileiro SA, or Petrobras, posted a long-awaited production boost in July after a disappointing June, as it ramped up production in the promising offshore "pre-salt" region.
RIO DE JANEIRO Brazilian state-run oil firm Petroleo Brasileiro SA posted its highest ever quarterly profit on Thursday and handily beat analysts' estimates, thanks in large part to billions of reais in asset sales.
RIO DE JANEIRO Brazilian state-run oil firm Petrobras is studying a mass transfer of employees out of its Transpetro logistics unit, according to a document seen by Reuters, in a sign the company may be gearing up to privatize additional assets.
RIO DE JANEIRO, July 29 Brazil's Petrobras has
signed a two-year contract to lease a drilling rig from Ocyan,
formerly known as Odebrecht Oleo e Gas, an executive told
Reuters, in the first deal between the firms since a corruption
scandal erupted five years ago.
RIO DE JANEIRO Brazil's state-run oil firm Petroleo Brasileiro SA cut its 2019 production target, sending its shares lower on concerns about how quickly the firm will be able to ramp up production.
RIO DE JANEIRO/SAO PAULO Brazil's Petroleo Brasileiro SA is scheduled to hold a final "re-bid" for two oilfields off the coast of Rio de Janeiro on July 8, four sources told Reuters this week, after the state-run oil firm annulled a previous bidding round.
RIO DE JANEIRO Police in Rio de Janeiro arrested more than 40 people on Thursday for their alleged roles in a murderous gang that extorted companies working for state-run oil company Petrobras and established a secret cemetery to dispose of rivals.
RIO DE JANEIRO, July 4 Police in Rio de Janeiro
arrested 43 people on Thursday for allegedly taking part in a
murderous gang that extorted companies providing services to
state-run oil company Petrobras and established a secret
cemetery where it disposed of rivals.
* Comes as firm struggling with falling profits
(Adds details, context throughout; updates share prices)