Stocks Petroleo Brasileiro SA - Petrobras

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  • UPDATE 2-Petrobras says oil refinery producing normally Wednesday, 6 Jan 2016 | 6:43 PM ET

    RIO DE JANEIRO, Jan 6- Brazil's state-run oil company Petroleo Brasileiro SA said on Wednesday its Presidente Bernardes oil refinery is producing normally, but acknowledged delays in the delivery of fuel in some states. Problems at the refinery, which produces about 8 percent of Brazil's vehicle fuels, led to shortages of gasoline and diesel in Brazil's...

  • SAO PAULO, Jan 6- Brazil's state-run oil producer Petrobras ended a drill ship contract with rig contractor Ensco Plc because of corruption allegations, Ensco said, as fallout from the country's largest-ever graft investigation spreads. Ensco received a notice from Petrobras on Monday saying the oil company believed the contract was void, Ensco said in a U.S....

  • Jan 6- Rig contractor Ensco Plc said Brazilian oil producer Petrobras has ended a contract for a drillship over allegations of corruption. Petroleo Brasileiro SA, or Petrobras, chartered the DS-5 in 2008, when it was owned by Pride International, a company Ensco bought in 2011.. Petrobras said in a notice on Monday that Pride had knowledge that the rig's...

  • Jan 6- Rig contractor Ensco Plc said Petrobras has declared void a contract for a drillship leased to the Brazilian oil producer. Petroleo Brasileiro SA, or Petrobras, chartered the DS-5 in 2008, when it was owned by Pride International, a company bought by Ensco in 2011.. Ensco has denied allegations of corruption in Brazil.

  • RIO DE JANEIRO, Jan 5- A group of Japanese shipbuilders led by Mitsubishi Heavy Industries Ltd plans to exit its 30 percent stake in Brazilian shipbuilder Ecovix and declare the investment as a loss, Valor Economico newspaper reported on Tuesday. The group led by MHI plans to sell its stake in Ecovix, which it bought in 2013 for about $300 million, to Jackson...

  • RIO DE JANEIRO, Dec 30- Brazil's Rio de Janeiro state, facing a budget shortfall caused in part by plunging oil prices, imposed new taxes on petroleum and natural gas on Thursday, a move critics say will slash investment in an already battered industry. Rio de Janeiro, responsible for 67 percent of Brazil's crude output and 40 percent of its natural gas, will charge a...

  • SAO PAULO/ BRASILIA, Dec 24- The former chief executive officer of Latin America's largest engineering group will be allowed panettone in his jail cell this Christmas. The scandal centered around state-controlled oil giant Petroleo Brasileiro SA, along with impeachment proceedings against President Dilma Rousseff over an unrelated issue and a deep...

  • BRASILIA, Dec 22- Brazil's new finance minister, Nelson Barbosa, said on Tuesday that he sees no need to inject capital into debt-laden Petroleo Brasileiro SA as new management of the state-run oil company seeks to revive its finances. His position on Petrobras, as the company is known, echoed that of his predecessor, Joaquim Levy. Since being appointed on Friday...

  • BRASILIA, Dec 20- Brazilian President Dilma Rousseff's key ally in Congress is certain it can head off an impeachment threat, but in return the party demands a radical change of policy course to pull the economy out of its deepest downturn in 25 years. Senator Eunicio Oliveira, Senate leader of the fractious Brazilian Democratic Movement Party, told Reuters on...

  • BRASILIA, Dec 18- Brazilian President Dilma Rousseff issued a decree on Friday aimed at speeding up a process allowing construction companies involved in a major corruption scandal to regain the right to receive government money, a move she says will protect jobs. More than 30 of the country's top construction and engineering companies, including Odebrecht...

  • SAO PAULO/ BRASILIA, Dec 18- Brazil's economy is reeling from its worst year in a quarter century, and judging by major companies' investment plans for next year, things are about to get worse. Mining giant Vale SA plans to cut investments by a quarter and oil company Petrobras by a fifth in 2016. Brazil's biggest retailer, GPA SA, is cutting investment as much as 40...

  • RIO DE JANEIRO, Dec 17- Brazilian prosecutors on Thursday charged 12 people with a bribery scheme involving Dutch firm SBM Offshore NV, the world's top leaser of oil production ships, and state-run oil company Petroleo Brasileiro SA. Former Petrobras executives Pedro Barusco, Jorge Zelada and Renato Duque were charged with corruption, along with former SBM...

  • More than 30 of the country's top construction and engineering companies, including Odebrecht SA, Queiroz Galvão, OAS, and Galvão Engenharia SA are on a government blacklist for involvement in price-fixing, bribery and political kickbacks at oil company Petroleo Brasileiro SA, or Petrobras, and other state-run firms. Legislation permitting so-called...

  • BRASILIA/ SAO PAULO, Dec 17- Brazil's Supreme Court ordered the release of billionaire financier André Esteves from prison on Thursday, sparking a rise in units of the bank he founded, Grupo BTG Pactual SA, amid hopes it would be spared from a corruption probe. The judge's ruling also banned Esteves from running companies involved in Brazil's largest ever...

  • BRASILIA/ SAO PAULO, Dec 17- Brazil's Federal Supreme Court ordered the release of billionaire financier André Esteves from prison on Thursday, a decision that sent units of the bank he founded, Grupo BTG Pactual SA, soaring. Esteves has been in pre-trial detention at a prison in Rio de Janeiro. He and Senator Delcídio do Amaral, the former leader of Brazil's...

  • RIO DE JANEIRO, Dec 17- Brazilian prosecutors on Thursday charged 12 people with a bribery scheme involving Dutch firm SBM Offshore NV, the world's top leaser of oil production ships, and state oil firm Petroleo Brasileiro SA. Former Petrobras executives Pedro Barusco, Jorge Zelada and Renato Duque were charged with corruption along with former SBM sales...

  • SAO PAULO, Dec 16- Brazil's prosecutor-general Rodrigo Janot has accused jailed financier André Esteves of influence-peddling and bribery in a corruption probe at state firms, newspaper Valor Econômico said on Wednesday, a day before lawyers expect the nation's top court to decide whether to release the billionaire banker. According to Valor, Janot said...

  • *Fitch cuts Brazil to BB+ amid economic, political crisis. BRASILIA, Dec 16- Brazil lost its coveted investment-grade rating on Wednesday after Fitch became the second credit agency to downgrade the country's debt to junk status, citing concerns about an economic and political crisis threatening to topple President Dilma Rousseff. Investors barred from...

  • SAO PAULO, Dec 15- Brazil's second-highest court voted on Tuesday to keep the former chief executive of Latin America's largest engineering group Odebrecht SA in jail, extending nearly six months of pre-trial detention in the southern city of Curitiba. Marcelo Odebrecht was arrested on June 19 and charged with corruption and money laundering a month later as...

  • SAO PAULO, Dec 15- Brazil's second-highest court voted on Tuesday to keep the former chief executive of Latin America's largest engineering group Odebrecht SA in jail, extending nearly six months of pre-trial detention in the southern city of Curitiba. Marcelo Odebrecht was arrested on June 19 and charged with corruption and money laundering a month later as...