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Petrobras says Libra test production could start by late September


Former CEO of Brazil's Petrobras charged with corruption

RIO DE JANEIRO (Reuters) - Brazilian prosecutors on Tuesday charged the former chief executive officer of state-controlled oil company Petroleo Brasileiro with corruption, alleging he used his position..
Reuters India Also reported by •Sify

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News video: Brazil's Petrobras scandal

Brazil's Petrobras scandal 02:16

Brazil's former president Luiz Inacio Lula da Silva has never taken the easy path, but the onetime shoeshine boy turned political giant embarks on his most audacious challenge yet: to recapture the..
Source: Agence France-Presse (AFP) -

News video: Lula conviction divides Brazil

Lula conviction divides Brazil 01:13

The conviction of former Brazilian leader Luiz Inacio Lula da Silva to nearly ten years in jail for corruption has left the country divided. While it marks a stunning fall for Lula himself, it is..
Source: euronews (in English) -

News video: Former Brazilian President 'Lula' Convicted of Corruption

Former Brazilian President 'Lula' Convicted of Corruption 00:51

This is the first of five charges against former President Luiz Inácio Lula da Silva and could bar him from running in the next election.
Source: Newsy Studio -

News video: Former President of Brazil Convicted on Corruption Charges

Former President of Brazil Convicted on Corruption Charges 00:47

On Wednesday, former Brazilian president Luiz Inacio Lula da Silva was convicted on corruption charges and sentenced to nearly 10 years in prison. The ruling marked a stunning fall for Lula, who was..
Source: Wochit Headline News -

News video: Brazil president moves closer to corruption trial

Brazil president moves closer to corruption trial 01:07

A key Brazilian lawmaker has recommended that President Michel Temer be put on trial over corruption charges. Legislator Sergio Zveiter, who was appointed by a Chamber of Deputies committee to study..
Source: euronews (in English) -


Exclusive: Citigroup tops eight-bank group for Petrobras unit IPO - source

SAO PAULO (Reuters) - Citigroup Inc and seven other banks will underwrite the initial public offering of Petróleo Brasileiro SA's fuel distribution unit, which will likely occur in November, a person..

Brazil Plans for $17 Billion In New Investments By 2017 End

Brazil’s state-owned Petrobras forecasts $17 billion in investments and $8 billion in asset liquidation over the course of 2017, according to a new corporate financial presentation posted online. The..

Brazil’s Pre-Salt Extraction Costs Fall To $8 Per Barrel

Not too long ago Brazilian state oil company Petrobras was the most indebted oil & gas company in the world. The long-suffering company has faced dire mismanagement while being weighed down by..

Against All Odds: The Return Of An Oil Giant

Only a year ago, the Brazilian state company Petrobras seemed a complete basket case, an exemplary case of how not to lead a company that is rich in both resources and know-how. Today, however, the..

Spain high court rejects extradition of lawyer wanted in Brazil graft probe

MADRID (Reuters) - Spain's high court has rejected an extradition request from Brazil for a lawyer accused of involvement in corruption involving oil company Petrobras.

Brazil clears Petrobras, advisors of wrongdoing in 2010 share offer

RIO DE JANEIRO (Reuters) - Brazil's securities industry watchdog on Tuesday cleared Petroleo Brasileiro SA , former management and financial advisors of wrongdoing over alleged irregularities relating..

Start Of Oil Production At Libra Field Delayed

Crude oil production at the giant Libra field in the pre-salt layer of Brazil’s shelf will start later than initially planned due to problems with the installation of equipment, the head of a state..

Expect More Mega Deals In This Oil & Gas Hotspot Soon

Lots of big news in oil and gas this week — including some follow-ups to recent stories I’ve been discussing. Including China’s CNPC further expanding influence in Brazil through an MOU with..

Petrobras To IPO Fuel Unit

Brazil’s energy major Petrobras has prepared a proposal for the listing of its fuel unit, to be reviewed and approved by its board of directors, chief executive Pedro Parente told media. Parente..

BTG Pactual asset management tries to shake off Petrobras scandal

Investment arm of Brazilian bank plans to launch volatility hedge fund in August

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