Brazil`s graft-hit Petrobras reports $7.2 bn loss in 2014
Brazil`s scandal-hit state oil giant Petrobras lost $7.2 billion last year, it said Wednesday, releasing its first audited account of the damage from a massive kickbacks scheme.
Apr 23, 2015, 07:29 AM IST
Brazil`s Petrobras to release delayed earnings amid scandal
Brazilian state oil giant Petrobras, embroiled in an alleged multi-billion-dollar kickback scandal, will release long-delayed 2014 earnings results next Wednesday, the company said.
Apr 18, 2015, 02:49 AM IST
Brazil ruling party treasurer arrested in Petrobras probe
The treasurer of Brazil`s ruling party was arrested Wednesday for alleged money laundering and taking bribes from state oil giant Petrobras that were stuffed into backpacks, the latest blow to President Dilma Rousseff.
Apr 16, 2015, 03:57 AM IST
Former CEO of Brazil's Petrobras says no way to discover wrongdoing
The former head of Petrobras said on Thursday there was no way the state-run oil company could have discovered the massive corruption scheme that is adding to Brazil`s economic and political troubles.
Mar 13, 2015, 05:32 AM IST
Brazil's Petrobras graft probe expanded to top politicians
An investigation into what prosecutors call the biggest corruption scandal ever uncovered in Brazil won Supreme Court approval to expand to dozens of top politicians for alleged ties to a kickback scheme at the state-run energy company.
Mar 07, 2015, 12:20 PM IST
Petrobras hires JPMorgan for asset sales, sources say
Petróleo Brasileiro SA has hired JPMorgan Chase & Co to manage $3 billion in planned asset sales for this year, as fallout from a corruption scandal shuts access to financing for Brazil`s state-controlled oil producer, two sources with direct knowledge of the situation said on Wednesday.
Feb 26, 2015, 09:26 AM IST
Moody`s downgrades ratings for scandal-hit Petrobras
International ratings agency Moody`s said Tuesday it had downgraded all ratings for scandal-plagued Brazilian oil giant Petrobras.
Feb 25, 2015, 09:18 AM IST
Rolls-Royce vows compliance after Petrobras scandal report
Rolls-Royce said Monday it will take "all necessary action" to comply with the law after the Financial Times reported it was accused of involvement in a bribery scandal with the Brazilian energy giant Petrobras.
Feb 16, 2015, 18:57 PM IST
Petrobras new chair says will have total autonomy
Petrobras` new board chair has insisted he will have full autonomy as he leads the scandal-plagued Brazilian oil giant through a crisis that cost his predecessor her job.
Feb 11, 2015, 20:07 PM IST
Petrobras CEO, top brass resign in Brazil amid scandal
The chief executive of Brazilian oil giant Petrobras, Graca Foster, resigned Wednesday along with the entire board of directors as the company reels from a massive corruption scandal, officials said.
Feb 04, 2015, 20:41 PM IST
BPCL-Videocon consortium discovers oil off Brazilian coast
A consortium that includes Bharat Petroleum and Videocon Industries has made a significant crude oil discovery off the Brazil's Northeast coast.
Feb 03, 2015, 13:31 PM IST
Brazil`s scandal-hit Petrobras says Q3 earnings slide 9%
Scandal-plagued Brazilian oil giant Petrobras announced Wednesday its third quarter profits slid 9 percent compared to the same period of 2013.
Jan 28, 2015, 18:41 PM IST
Petrobras and Videocon JVfind more oil in Brazil
Brazil`s state-run oil company Petroleo Brasileiro SA and its Indian partners have found more light crude oil in the Sergipe Basin off Brazil`s Northeast coast, according to a securities filing on Thursday.
Jan 09, 2015, 11:58 AM IST
Petrobras blocks new contracts with graft-accused constructors
Brazilian state-owned oil giant Petrobras is temporarily blacklisting top construction firms linked to a multimillion-dollar graft scandal pending the outcome of an investigation.
Dec 31, 2014, 10:50 AM IST
CEO of Brazil`s Petrobras says will not resign
The chief executive of Brazil`s state oil giant Petrobras said Wednesday that she will not resign despite the corruption scandal shaking the company and the ruling Workers` Party.
Dec 18, 2014, 09:59 AM IST
Petrobras, ONGC find gas in Brazil offshore extension well
Brazil`s state-run oil company Petroleo Brasileiro SA discovered natural gas in a well being drilled to help measure the potential of a giant Brazilian offshore find, the company said in a securities filing on Wednesday.
Sep 25, 2014, 04:19 AM IST
Oil Ministry frustrated KG gas project: ONGC
As Oil Ministry looks into reasons for delay in ONGC's KG basin gas development, the state-owned firm says it lost three years because the ministry and DGH refused to approve its partnership with Norway's Statoil and Petrobras of Brazil for the block.
Sep 01, 2014, 20:29 PM IST
Petrobras oil profits down 20% in 2nd quarter
Second quarter profits for Brazil`s Petrobras dropped 20 percent compared to the same period one year earlier, the state-run oil giant said.
Aug 09, 2014, 20:57 PM IST
