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...]
Petrobras to Pay $2.95 Billion to Settle U.S. Class Action Over Corruption
By Brendan Pierson NEW YORK, Jan 3 (Reuters) - Brazil's state-controlled oil company, Petroleo Brasileiro SA, said Wednesday that it has agreed to pay $2.95 billion to settle a U.S. class action brought by investors seeking to recoup money they claim to have lost as a result of a corruption scandal. Petrobras, as the company is known, did not admit wrongdoing under the deal, … [Read more...]
BSEE: Worker Killed Aboard Petrobras 10000 Drillship in U.S. Gulf of Mexico
A drillship worker was killed last week in an accident on the rig floor of a Petrobras-contracted drillship in the U.S. Gulf of Mexico about 172 miles south of Port Fourchon, Louisiana, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) has confirmed. The offshore oil and gas operator, Petrobras America, reported that the fatality occurred onboard the Petrobras … [Read more...]
Petrobras Seeks Halt to Drillship Operations After Accident
By Aluisio Alves and Marta Nogueira SAO PAULO/RIO DE JANEIRO, Nov 6 (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro SA has asked Odebrecht's offshore drilling arm to halt operations of a rig, according to a document seen by Reuters on Monday, after an explosion there killed three people in June. Petrobras also threatened to cancel contracts related to … [Read more...]
Petrobras Reports Explosion Aboard Drillship in Brazil
SAO PAULO, June 9 (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro SA on Friday reported an explosion on the NS 32 drill ship, which is operated by Odebrecht Óleo e Gás, a unit of Odebrecht SA, according to a statement. The explosion wounded four people, three of them with burns and one with mild injuries, according to the statement. There was no … [Read more...]