(Reuters, 20.Oct.2020) â Brazilian police expanded a long-running corruption probe at state-controlled oil company Petroleo Brasileiro SA based in part on secret recordings made by a former executive of Swiss trading firm Vitol SA, according to court documents released on Tuesday. Police on Tuesday served warrants seeking documents from six […]
Tag: Car Wash
Petrobras To Review Golar’s Participation In Terminal
(Reuters, 28.Sep.2020) â Brazilian oil producer Petroleo Brasileiro SA said it will review liquefied natural gas (LNG) company Golar Power’s participation in an ongoing tender to lease an import terminal of the super-chilled natural gas in Bahia state. Petrobras, as the Rio de Janeiro-based company is known, said in a […]
Odebrecht Inks Post-‘Car Wash’ Deal With Petrobras
(Reuters, Marta Nogueira and Gram Slattery, 29.Jul.2019) â Brazil’s Petrobras has signed a two-year contract to lease a drilling rig from Ocyan, formerly known as Odebrecht Oleo e Gas, an executive told Reuters, in the first deal between the firms since a corruption scandal erupted five years ago. Petroleo Brasileiro […]
Petrobras Receives Over $100mn Via Recovered Assets
(Reuters, 25.Jul.2019) â Brazilian state-run Petrobras this week received 425 million reais ($112 million) as a result of leniency deals and recovered assets from parties involved in the country’s sprawling “Car Wash” corruption investigation, the oil firm said on Thursday. With the funds, Petroleo Brasileiro SA, as the firm is […]
Braskem BODs OKs $101mn Corruption Settlement
(Reuters, 27.May.2019) â The board of Brazilian petrochemicals producer Braskem SA has approved an agreement with authorities to pay 410 million reais ($101 million) to settle its involvement in the ‘Car Wash’ corruption case, Braskem said on Monday in a filing. The sprawling corruption investigation known as Car Wash uncovered […]
Petrobras Sets Aside R$1.3bn For Litigation Involving Sete Brasil
(Petrobras, 25.Apr.2019) â Petrobras informs, within its ongoing process of assessment of contingencies, that it will provision R$ 1.3 billion as a result of the current stage of litigation involving the company Sete Brasil. The company, which is a victim of the facts verified by Operation Car Wash, continues defending […]
Brazil, Bolsonaro And Oil: A Future In The Balance
(The National, Robin Mills, 11.Nov.2018) â New president may make unpleasant listening but he says he wants to open up the country’s energy industry, which would be a good thing. New Brazilian president, the far-right Jair Bolsonaro, who takes office in January, has been labelled bad for the environment, human […]
Petrobras Offers Clarification On âCar Washâ News
(Petrobras, 5.Oct.2018) â Petrobras reports that it received the Official Letter No. 369/2018/CVM/SEP/GEA-1, which requests the following clarification: Official Letter No. 369/2018/CVM/SEP/GEA-1 âMr. Director, We refer to the news published on 09/28/2018 in Veja magazine, Brazil section, under the title: âCAR WASH – ARMADILLO IN THE HOLE,â which includes the […]
Petrobras Receives Over R$ 1 Bln from Operation Car Wash
(Petrobras, 9.Aug.2018) â Petrobras informs that it has received a return of R$ 1.034 billion through cooperation and leniency agreements signed with individuals and legal entities by the Federal Public Prosecutor’s Office in Curitiba and by the Office of the Attorney General in BrasĂlia under Operation Car Wash. This is […]