U.S. Alerted In Brazil’s Offshore Bribery Scandal

by Sabrina Valle (Bloomberg) Prosecutors investigating Brazil’s largest corruption scandal say they notified the U.S. Department of Justice of evidence that at least four foreign companies allegedly paid bribes to win Petroleo Brasileiro SA contracts. The allegations are against units or affiliates of Samsung Heavy Industries Co., Skanska AB, AP Moeller-Maersk … [Read more...]

Brazil Oil Regulator Pushed Petrobras to Boost FPSO’s Output Before Accident

By Marta Nogueira RIO DE JANEIRO, Feb 13 (Reuters) - Brazil's oil regulator, the ANP, ordered state-run oil company Petrobras to study ways to boost output on a floating natural gas and oil production ship a week before a deadly explosion on Wednesday, according to agency documents. Studying ways to reduce unused production capacity on the Cidade de Sao Mateus, a floating … [Read more...]

Five Killed, Four Missing in Petrobras FPSO Accident – UPDATE

OSLO/RIO DE JANEIRO, Feb 12 (Reuters) - Five people were killed and four are missing following an explosion a day earlier in a Brazilian offshore oil and natural gas field run by Petroleo Brasileiro SA, said Norway's BW Offshore Ltd, which owns the production ship on which the accident occurred. The death toll rose from three on Wednesday, according to Petrobras, as the oil … [Read more...]

Petrobras Said to Interrupt Drilling at Biggest Brazil Discovery

By Peter Millard and Sabrina Valle (Bloomberg) -- Petroleo Brasileiro SA halted drilling at its largest oil discovery in deep waters, two people with knowledge of the matter said, underscoring the technical challenges facing the company’s new management team. An unplanned procedure to retrieve equipment stopped work for more than a week at a well in Libra, the people … [Read more...]

Maersk Targeted in Petrobras Probe as Graft Scandal Goes Global

By Sabrina Valle Dec. 6 (Bloomberg) -- Brazilian authorities are investigating foreign companies including AP Moeller-Maersk A/S over allegations they bribed Petroleo Brasileiro SA executives in exchange for contracts, widening the probe from local suppliers to companies working on oil projects around the globe. A prosecutor and a federal police agent said in interviews … [Read more...]