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.
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.
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.
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.
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.
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.
RIO DE JANEIRO (Reuters) -Talos Energy Inc has withdrawn from a consortium with EIG Global Energy Partners, Enauta Participacoes SA and 3R Petroleum Oleo e Gas SA, and the group has submitted a binding offer to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.
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.
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.
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.