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United States

Jeb Blount

Petrobras settlements show company eager to resolve corruption cases

Oct 24 2016

RIO DE JANEIRO/NEW YORK Petrobras' decision to settle four lawsuits over corruption allegations signals its willingness to negotiate deals in other civil cases but does not remove the threat of massive government penalties from U.S. and Brazilian investigations, legal experts said.

Brazil prosecutors charge 21 with homicide for Samarco dam spill

Oct 20 2016

RIO DE JANEIRO Brazilian prosecutors charged 21 people with qualified homicide on Thursday for their roles in the collapse of a tailings dam at the Samarco Mineração SA iron ore mine last November that killed 19 people.

Brazil oil workers reject Petrobras offer, strike possible

Sep 29 2016

RIO DE JANEIRO Brazil's largest oil workers' federation said Thursday its members voted overwhelmingly to reject a contract offer from Petroleo Brasileiro SA, or Petrobras, and were preparing for a possible strike.

Order blocking permit for ThyssenKrupp Brazil mill lifted

Sep 22 2016

RIO DE JANEIRO A Brazilian judge on Thursday lifted an injunction blocking Rio de Janeiro from granting an operating license for ThyssenKrupp AG's Cia Siderurgica do Atlantico steel mill, saying there were no irregularities in the 11-year permit process.

Petrobras CEO says U.S. lawsuit will not derail recovery plan

Sep 21 2016

RIO DE JANEIRO A U.S. class-action lawsuit over corruption at Brazil's Petrobras will not overshadow the state oil company's $74 billion, five-year plan to slash its crippling debt and refocus on its core business, chief executive officer Pedro Parente said on Wednesday.

Petrobras CEO sees no significant impact from U.S. lawsuit, DOJ case

Sep 21 2016

RIO DE JANEIRO Petróleo Brasileiro SA will not have to pay a significant amount to settle a U.S. Justice Department probe or a class action lawsuit over a corruption case at the Brazilian state-controlled oil company, Chief Executive Officer Pedro Parente told Reuters on Wednesday.

Petrobras cuts spending, raises asset sales goal in five-year plan

Sep 20 2016

RIO DE JANEIRO/SAO PAULO Brazil's state-led oil company Petrobras on Tuesday cut planned investments by 25 percent in a drive to reduce the largest debt burden among global petroleum producers and revive investor confidence battered by a corruption scandal.

Petrobras expected to cut investment, output in 2017-21 plan

Sep 19 2016

RIO DE JANEIRO Brazil's heavily indebted state-led oil company Petrobras will likely cut planned investment by about a sixth and its 2020 output goal by 14 percent under a five-year strategic plan scheduled for release Tuesday before markets open, according to analysts.

PREVIEW-Petrobras expected to cut investment, output in 2017-21 plan

Sep 19 2016

RIO DE JANEIRO, Sept 19 Brazil's heavily indebted state-led oil company Petrobras will likely cut planned investment by about a sixth and its 2020 output goal by 14 percent under a five-year strategic plan that could be released as early as Monday after markets close, according to analysts.

Brazil oil workers reject Petrobras wage offer; strike is possible

Sep 16 2016

RIO DE JANEIRO Brazil's largest oil workers union strongly rejected on Friday a proposal from Petrobras for a deal over salaries and benefits in their annual talks, increasing the risk of a new strike at the state-led oil company.

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