BRASILIA, July 12 (Reuters) - Brazilian federal prosecutors on Thursday charged the former chief executive of U.S. oil services company Vantage Drilling with corruption and money laundering, accusing him of offering $31 million in bribes to public officials. Federal prosecutors said in a statement that the charges against former CEO Paul Bragg related to irregularities in a … [Read more...]
Disgraced Brazilian Tycoon Eike Batista Sentenced to 30-Years for Corruption
By Brad Brooks SAO PAULO, July 3 (Reuters) - Eike Batista, the former mining and oil magnate who was once Brazil's richest man, was convicted and sentenced to 30 years in prison for bribing Rio de Janeiro state's disgraced ex-governor, according to a court document published on Tuesday. Batista's conviction and sentencing by federal judge Marcelo Bretas are the latest in a … [Read more...]
Livestock Carrier Escapes Brazil’s Live Animal Export Ban
by José Roberto Gomes (Reuters) - A Brazilian federal court late on Sunday lifted an injunction blocking the shipment of around 25,000 cattle from the port of Santos, allowing for the individual cargo to leave port but leaving in place a broader ban on shipments of live animals. The initial injunction had been granted on behalf of an animal rights group known as Fórum … [Read more...]
The Port That Mirrors Brazil’s Promise and Problems
By David Biller and Marie Monteleone (Bloomberg) -- To take the pulse of Brazil, drive an hour from Sao Paulo to the port at Santos, the busiest in Latin America. Curving inland from emerald waters and high-living beachfront condos, the harbor in the five-century old city is home to teeming favelas of huts on stilts, terminals loaded with goods fueling an economic rebound … [Read more...]
Brazil vs Mexico: Latin America’s Fight for Big Oil’s Money
By Marianna Parraga and Alexandra Alper HOUSTON/RIO DE JANEIRO, Oct 26 (Reuters) - Brazil and Mexico are competing for a diminishing resource: the investment dollars of oil majors beating a retreat from the big-ticket offshore projects they once coveted. After two waves of resource nationalism that left few openings in Latin America for energy giants such as Exxon Mobil … [Read more...]