Sept 29 (Reuters) - Golar LNG said on Tuesday Hygo Energy Transition Ltd Chief Executive Officer Eduardo Antonello has taken leave of absence with immediate effect, following a corruption investigation involving him in Brazil. Golar said Antonello's leave was in no way linked to any action or misconduct during his tenure at Hygo Energy, a liquefied natural gas transport and … [Read more...]
Shell Drills Dry Hole Offshore Brazil, Dimming Hope for Brazilian Oil
By Peter Millard (Bloomberg) --Royal Dutch Shell Plc has just drilled a dry hole in Brazil’s premier offshore region, a sign state-controlled Petrobras may have already grabbed the best oil deposits and left competitors hunting for smaller game. Shell completed its first well at the high-profile Saturno prospect on June 13 without reporting any discoveries, according to … [Read more...]
Mystery Oil Spill May Be Worst Environmental ‘Attack’ in Brazil’s History, Petrobras CEO Says
RIO DE JANEIRO, Oct 29 (Reuters) - Oil slicks washing up on beaches along more than 2,000 kilometers (1,240 miles) of Brazil's northeast coastline could be the worst environmental "attack" in the country's history, the chief executive of state-run oil giant Petrobras said on Tuesday. Speaking at an event in Rio de Janeiro, Roberto Castello Branco said Petrobras continues to … [Read more...]
Exxon Makes Major Bet on Brazil as Petrobras Eases Its Grip
By Sabrina Valle and Kevin Crowley (Bloomberg) -- In a single year, Exxon Mobil Corp. has gone from being a tiny bit player in Brazil to the second-largest holder of oil exploration acreage, trailing only state-controlled Petroleo Brasileiro SA. The last 24 concessions the U.S. giant bought with its partners may hold 41 billion barrels, based on preliminary … [Read more...]
Petrobras to Pay $853 Million U.S. Fine in Car Wash Probe
By Carolina Mandl SAO PAULO, Sept 27 (Reuters) - Petróleo Brasileiro SA will pay an $853.2 million fine to settle charges that former executives and directors of the state-run Brazilian oil company broke U.S. anti-corruption laws by bribing politicians and then seeking to conceal the payments, the U.S. Justice Department (DOJ) said on Thursday. Shares in Petrobras, as the … [Read more...]