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Stocks Petroleo Brasileiro Petrobras SA

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  • SAO PAULO, Sept 2- Denmark's shipping and oil group A.P. Moller-Maersk said one of its employees in Brazil received a request from authorities last month to provide additional information for a corruption investigation at state-run oil firm Petrobras. Prosecutors in the southern city of Curitiba, the epicenter of Brazil's largest-ever corruption...

  • RIO DE JANEIRO, Sept 1- A Brazilian labor court convicted units of Brazil's Odebrecht Group of holding workers in conditions akin to slavery at an ethanol refinery construction project in Angola, Brazilian prosecutors said in a statement on Tuesday. Odebrecht said in an e-mailed statement that work involved in the Angola ethanol refinery project was carried...

  • RIO DE JANEIRO, Sept 1- A Brazilian labor court convicted units of Brazil's Odebrecht Group of holding workers in conditions akin to slavery at an ethanol refinery construction project in Angola, Brazilian prosecutors said in a statement on Tuesday. Judge Carlos Alberto Frigieri of the 2nd Part of the Labor Court of Araraquara, Brazil, ordered Odebrecht to pay...

  • RIO DE JANEIRO, Sept 1- Brazil's largest oil workers' union advised Petroleo Brasileiro SA that it plans to begin an open-ended strike against the state-run oil company starting at midnight on Friday. The cut in the company's five-year investment plan to $130 billion from $221 billion comes in the wake of a plunge in oil prices and a corruption scandal that...

  • SAO PAULO, Sept 1- The jailed chief executive of Brazil's largest engineering group said on Tuesday he had no intention of signing a plea deal and criticized suspects who are collaborating with a massive corruption investigation. "To snitch, you have to have something to snitch," Marcelo Odebrecht, CEO of Odebrecht SA, told lawmakers running a congressional probe...

  • SAO PAULO, Sept 1- The former chief executive of Brazil's nuclear power company was formally charged on Tuesday with accepting bribes in a corruption scheme to loot federal utility Eletrobras by the same kind of overbilling and bribery that occurred at state-run oil company Petrobras. The investigation first focused on price-fixing, bribery and...

  • RIO DE JANEIRO, Sept 1- Brazil's largest oil-workers' union advised Petroleo Brasileiro SA that it plans to begin a open-ended strike against the state-run oil company starting at midnight on Friday. The strike is in protest at a recent cut of about 40 percent in investments by Petrobras, as the company is commonly known, and the planned sale of about $15.1 billion...

  • Jailed Odebrecht CEO criticizes plea deals in Brazil Tuesday, 1 Sep 2015 | 12:38 PM ET

    "To snitch, you have to have something to snitch," Marcelo Odebrecht, CEO of Odebrecht SA, told lawmakers running a congressional probe who traveled to the southern city of Curitiba, where he has been held for more than two months. He said Odebrecht SA had been unable to start some projects because of the investigation but that otherwise the company with revenue of...

  • RIO DE JANEIRO, Sept 1- Brazil's state-led oil company Petrobras said late Monday that it would raise the wholesale price of liquefied petroleum gas by 15 percent effective Tuesday, the first price adjustment for the essential cooking gas in 13 years. The increase also comes as Brazil's government struggles to cut spending, hold down inflation and restart an...

  • Petrobras fuel tank explodes in Brazil, killing two Wednesday, 26 Aug 2015 | 4:42 PM ET

    RIO DE JANEIRO, Aug 26- A heating unit at a Petrobras depot in Brazil used to treat fuel for ocean-going ships exploded on Wednesday, killing two workers, the state-run oil company said in a statement. The blast and resulting fire broke out about 10 a.m. while workers were doing planned maintenance on the heating unit, said the press office of BR Distribuidora SA, the...

  • SAO PAULO, Aug 26- While many of Brazil's largest companies have grown savvy about hedging their debt against big currency swings, an increasing number could feel the heat from the real's plunge to a more than 12- year low due to poor planning and rising debt, bankers said. Debt refinancing and hedging costs are rapidly rising as Brazil's economy falls into...

  • BRASILIA, Aug 26- Brazil's government is preparing a deal to allow construction companies implicated in a massive corruption scandal to do business again with state-run oil company Petrobras in exchange for the payment of fines and damages, a government official briefed on the matter said on Wednesday. Late last year, Petroleo Brasileiro froze payments to...

  • SAO PAULO, Aug 21- The vice president of Brazil's TSE electoral authority on Friday asked for an investigation of President Dilma Rousseff's 2014 re-election campaign, citing evidence that it may have been financed with money from a corruption scheme at state-run oil firm Petroleo Brasileiro SA. In a document sent to federal prosecutors and federal police,...

  • SAO PAULO, Aug 21- Construction and engineering group Camargo Corrêa SA has agreed to pay 700 million reais to compensate state-run companies for damages related to bribery and price-fixing, prosecutors said on Friday. The funds will mostly go to public companies that were victims of Brazil's largest ever corruption scheme, prosecutors said.

  • SAO PAULO, Aug 19- Brazil's state-run oil firm Petroleo Brasileiro SA said in a securities filing on Wednesday it was not in negotiation to pay a fine to settle criminal and civil investigations in the United States. The law firms report to Ellen Gracie Northfleet, former chief justice of Brazil's Supreme Court and Andreas Pohlmann. Gibson, Dunn& Crutcher LLP said...

  • SAO PAULO, Aug 19- Brazil's state-run oil firm Petroleo Brasileiro SA said in a securities filing on Wednesday it was not in negotiation to pay a fine to settle criminal and civil investigations in the United States.

  • SAO PAULO, Aug 19- Brazilian engineering company Camargo Correa has agreed to pay fines of more than 104 million reais and admit to participating in a cartel that fixed prices on contracts with state-run oil producer Petrobras, antitrust regulator Cade said on Wednesday. Camargo Correa was the first of Brazil's construction companies whose top executives...

  • RIO DE JANEIRO, Aug 17- The board of directors of Brazil's state-controlled oil company Petroleo Brasileiro SA approved the sale of at least 25 percent of its fuel unit BR Distribuidora, according to board minutes published in a securities filing late Monday. Reuters previously reported that Petrobras would seek to sell at least a quarter of the unit, which...

  • RIO DE JANEIRO/ NEW YORK, Aug 18- 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...

  • SAO PAULO, August 17- A Brazilian judge sentenced Nestor Cervero, former international chief of state-run oil firm Petrobras, to just over 12 years in prison on Monday for corruption and money laundering related to a bribe allegedly paid to the speaker of Brazil's lower house of Congress. Cervero and two other defendants are accused of organizing bribes from...