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Tag Archives: Petroleo brasileiro

Brazil oil strike cuts output 25 percent, union says

RIO DE JANEIRO/SAO PAULO – A strike that began on Sunday at Brazil’s state-run oil producer Petroleo Brasileiro SA has slowed daily oil output by around 25 percent, the country’s largest union FUP said on Tuesday. FUP’s general coordinator José Maria Rangel said in a video published online that in the first 24 hours since the union’s members joined the ...

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Brazil’s Petrobras output hits all-time high in August

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SAO PAULO – Brazil’s Petroleo Brasileiro SA said on Wednesday that output rose 4.5 percent in August to an all-time high of 2.88 million barrels of oil and equivalent natural gas a day from a year earlier. Petrobras, as the state-run company is known, said production surpassed an earlier peak of 2.86 million barrels reached back in December. The company, ...

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U.S. graft probes may cost Petrobras record $1.6 bln or more – source

RIO DE JANEIRO/NEW YORK – Brazil’s Petrobras may need to pay record penalties of $1.6 billion or more to settle U.S. criminal and civil probes into its role in a corruption scandal, a person recently briefed by the company’s legal advisors told Reuters. State-run Petroleo Brasileiro SA, as the company is formally known, expects to face the largest penalties ever ...

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Brazil prosecutors say Petrobras scheme moved $2.1 billion in bribes

SAO PAULO – Brazilian investigators believe 6.19 billion reais ($2.1 billion) in bribes were moved in a corruption scheme involving state-run oil firm Petroleo Brasileiro SA <PETR4.SA>, prosecutor Deltan Dallagnol said on Thursday. Prosecutors seek to restore 6.77 billion reais to public coffers through fines and the return of stolen funds, he said at a televised press conference to present ...

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