(Petrobras, 1.Nov.2022) — Petrobras informs that it received, over the last quarter, the devolution of about R$439mn, recovered through leniency agreements with Camargo CorrĂŞa, Novonor S.A. (formerly known as Odebrecht […]
Tag: Odebrecht
Petrobras Says BODs Approved TCP with Novonor/Odebrecht
(Petrobras, 31.Mar.2022) — Petrobras informs that its Board of Directors approved the execution of the Term of Closing of Pendencies (TCP) between, on the one hand, Petrobras and one of […]
Petrobras, Novonor Pick Banks for $1.5bn Braskem Share Sale
(Bloomberg, 5.Jan.2022) — The controlling shareholders of Braskem SA, one of the world’s top petrochemical makers, have picked banks to unload a roughly $1.5 billion stake in the firm, people […]
Braskem Offering Back On The Table
(Bloomberg, 19.Aug.2021) — A public equity offering is again emerging as a possible exit strategy for the controlling shareholders in one of the world’s top petrochemical makers, Braskem SA, people […]
LatAm Briefs: Argentina’s IMF Payments, Odebrecht Arrest Warrants
(Energy Analytics Institute, 30.Mar.2021) — Energy briefs from the Latin America and Caribbean region including: Argentina only paying the IMF around $3.1bn in interest and arrest warrants being issued for […]
Peru Oil And Gas Industry Eyes Rebound
(Argus, 5.Jan.2021) — Peru’s oil and gas industry is hoping for a rebound in 2021 following a year marred by the COVID-19 pandemic, violent indigenous protests and political instability. With […]
Petrobras Starts Arbitration Against Odebrecht
(Petrobras, 28.Dec.2020) — Petrobras presented today a request for arbitration with an indemnity claim estimated at approximately R$800mn, against Odebrecht S.A., based on the shareholders’ agreement regarding Braskem, for violations […]
Ecuador Sues Odebrecht For $281mn Breach Of Contract
(Energy Analytics Institute, 7.Oct.2020) — Ecuador is suing CNO SA, formerly known as Construtura Norberto Odebrecht SA, for $281mn for breach of the construction contract for the pipeline Pascuales Cuenca […]
Petrobras Eyes Braskem Deal With Odebrecht
(Reuters, 6.Jul.2020) — Brazilian state-led oil company Petrobras expects within six months to reach an understanding with engineering group Odebrecht on a new shareholder agreement for petrochemical company Braskem SA […]
Pena Nieto Investigated In Corruption Probe
(Reuters, 19.Feb.2020) — Mexican law enforcement authorities are investigating a former president, Enrique Pena Nieto, as part of an inquiry into corruption, the Wall Street Journal reported on Wednesday. Pena […]
Odebrecht Inks Post-‘Car Wash’ Deal With Petrobras
(Reuters, Marta Nogueira and Gram Slattery, 29.Jul.2019) — Brazil’s Petrobras has signed a two-year contract to lease a drilling rig from Ocyan, formerly known as Odebrecht Oleo e Gas, an […]
Odebrecht Informs Petrobras That Sales Talks With Lyondell Are Off
(Energy Analytics Institute, Aaron Simonsky, 4.Jun.2019) — Odebrecht S.A., the controlling shareholder of Braskem S.A., notified Petrobras that negotiations regarding the potential transaction involving the sale of Odebrecht’s entire stake […]
Mexico Plans To Enforce Odebrecht Fines Via Seizure -Official
(Reuters, 12.Oct.2018) — Mexico plans to enforce fines imposed on Odebrecht over corruption allegations by confiscating some $30 million owed by state oil company Pemex to the Brazilian firm, a […]
Colombia Says Odebrecht Bribes Larger Than Previously Known
(Bloomberg, Ezra Fieser, 15.Aug.2018) – Odebrecht SA, the Brazilian construction giant, paid at least $32.5 million in bribes in Colombia — three times the amount it confessed to almost two […]
Andrade Calls Out to Duque Over Odebrecht Case
(TheAndradeStory.com, 13.Aug.2018 – On Thursday (8/9) afternoon, the Office of the Attorney General of Colombia announced two new charges against the former head of the National Infrastructure Agency (“ANI”), Luis […]