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Stocks Petroleo Brasileiro Petrobras SA

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  • 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...

  • SAO PAULO, Aug 14- State-run oil company Petroleo Brasileiro SA said it will take a 2 billion reais charge against third-quarter earnings to pay a disputed tax bill with Brazil's federal government, its second unexpected tax charge in a month. The charge is related to 6 billion reais of disputed tax assessments over eight years between 1999 and 2012, Petrobras,...

  • SAO PAULO, Aug 14- More defendants are negotiating and signing plea bargain deals in a massive bribery case focused on Brazil's state-run oil firm Petrobras as federal prosecutors prepare charges against higher-profile suspects, including politicians. Petrobras' former head of corporate services Renato Duque and Fernando Soares, a lobbyist who helped...

  • RIO DE JANEIRO, Aug 12- Queiroz Galvão Exploração e Produção SA said on Wednesday that the Manati offshore oil field in Brazil holds 13.5 billion cubic meters of proven and probable, or "P2," natural gas reserves. The Manati field is 45 percent owned by QGEP. Brazil's state-run oil company Petroleo Brasileiro SA owns 35 percent and is the field operator,...

  • SAO PAULO, Aug 7- Brazilian prosecutors plan to file criminal charges stemming from the lease of an Ensco Plc offshore oil-drilling ship to Brazil's state-run oil company Petrobras "in due course," they said. The plan to prosecute over the Ensco-Petrobras charter was mentioned in a Thursday statement presenting corruption charges stemming from the 2009 lease...

  • SAO PAULO, Aug 7- The chief executive of Braskem SA said on Friday that Latin America's largest petrochemical company is not currently facing legal action related to a naphtha supply contract with its second largest shareholder, Brazil's Petrobras. Braskem CEO Carlos Fadigas also said in an earnings call that he saw "no grounds" for the accusation that the...

  • RIO DE JANEIRO, Aug 6- Brazilian state-led oil company Petroleo Brasileiro SA said its second-quarter net income plunged 89 percent after a one-time charge for underperforming assets that caught analysts off guard. The 1.28- billion-real charge was taken as Petrobras' new executives and board of directors try to control the company's $132 billion debt, the...

  • BRASILIA, Aug 6- Allies of Brazil's President Dilma Rousseff have begun talking with her opponents about filling what they see as a leadership vacuum and her inability to pull the country out of an economic tailspin, party insiders said on Thursday. The president's failure to control her political base in Congress, dramatized by House Speaker Eduardo Cunha's...

  • RIO DE JANEIRO, Aug 6- Brazil's state-led oil company Petroleo Brasileiro SA said its second-quarter net income fell a steeper-than-expected 89 percent after a one-time charge for underperforming assets. Petrobras also took an unexpected 1.6 billion real charge to resolve a tax issue with Brazil's federal government. "We want to leave the company in a...

  • RIO DE JANEIRO, Aug 6- Brazil's state-led oil company Petroleo Brasileiro SA said on Thursday second-quarter net income fell a steeper-than-expected 89 percent after a one-time impairment charge. Quarterly profit fell to 531 million reais from 4.96 billion reais a year ago. That compared with a 4 billion real average estimate of 12 analysts polled by Reuters.

  • BRASILIA, Aug 6- Allies of Brazil's President Dilma Rousseff have turned to her opponents to talk about filling what they see as a damaging leadership vacuum after losing confidence in her ability to pull the country out of an economic tailspin, party insiders said on Thursday. The president's failure to control her political base in Congress, dramatized by...

  • BRASILIA/ SAO PAULO, Aug 5- Brazil's two largest energy companies, Eletrobras and Petrobras, settled a quarrel on Wednesday worth billions of dollars in late payments for fuel supplies, the government said. Brazil's Energy Ministry said Centrais Eletricas Brasileiras SA, as Eletrobras is known, will pay Petrobras a bill that at one point late last year was...

  • BRASILIA, Aug 5- Brazil's top prosecutor, who has put dozens of politicians under investigation for allegedly taking bribes in the Petrobras corruption scandal, has won the backing of his peers to stay on the job for two more years. Rousseff is expected to nominate Janot, but it is not clear whether he will win confirmation by the Senate because the head of the upper...

  • RIO DE JANEIRO, Aug 5- Brazil's state-run oil company Petroleo Brasileiro SA second-quarter profit fell by almost a fifth from a year earlier due to a tax settlement charge and a plunge in oil prices, according to a Reuters survey of analysts. The expected decline has been driven by a 42 percent drop in the benchmark price of Brent crude oil and the decision...

  • CURITIBA, Brazil, Aug 3- Brazilian federal police on Monday arrested former government minister Jose Dirceu, one of the most senior members of the ruling Workers' Party to be detained so far in a corruption scandal engulfing state-run oil company Petrobras. Federal prosecutor Carlos Fernando dos Santos Lima called Dirceu a key instigator of the Petrobras...

  • CURITIBA, Brazil, Aug 3- Brazil's federal police on Monday arrested former government minister Jose Dirceu, one of the most senior members of the ruling Workers' Party to be jailed so far in a probe of alleged corruption at state-run oil company Petrobras. Federal prosecutor Carlos Fernando dos Santos Lima said during a press conference that Dirceu was one of the...

  • BRASILIA, Aug 3- Brazil's federal police on Monday arrested former government minister Jose Dirceu, ensnaring the most senior member of the country's ruling party yet in a massive investigation into alleged corruption at state-run oil company Petroleo Brasileiro SA. Police will hold a press conference at 10 a.m. Brasilia time to provide further details.

  • BRASILIA, July 31- Brazil's antitrust regulator CADE and federal prosecutors signed a leniency deal on Friday with engineering company Camargo Correa aimed at obtaining evidence of alleged price-fixing of contracts to build a nuclear power plant. Camargo Correa was the first of Brazil's construction firms to have its top executives convicted of...

  • BRASILIA, July 31- Two senior executives at Brazil's state-run power company Centrais Eletricas Brasileiras SA told Reuters on Friday that they had requested leave as a corruption investigation sweeps the country's largest electric utility. Valter Cardeal, head of generation at the holding company known as Eletrobras, and Adhemar Palocci, head of planning...

  • SAO PAULO, July 30- The lawyer behind the plea bargain deals that helped investigators unearth a multi-billion-dollar corruption scandal at Brazilian state-run oil firm Petrobras said on Thursday she closed her law firm because she felt threatened by a congressional committee. A congressional committee investigating Petroleo Brasileiro SA, as...