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Petrobras News

21 Feb 2017

Brazil graft scandal to mushroom abroad, prosecutor says

Brazil-based Odebrecht, one of the region`s biggest construction companies, was at the heart of a scheme to bribe Brazilian state oil giant Petrobras in exchange for inflated contracts.

Brazilian courts

11 Nov 2016

Brazil courts probe bribe allegation against president

Brazilian courts are investigating an allegation that President Michel Temer received a campaign donation from a company implicated in a corruption racket at state oil firm Petrobras, his rivals said.

Luiz Inacio Lula da Silva

21 Sep 2016

Brazil's ex-president Lula to stand corruption trial

Brazil`s former president Luiz Inacio Lula da Silva will stand trial on corruption and money laundering charges over an alleged scheme at the state oil company, Petrobras.

15 Sep 2016

Brazil's Lula charged as 'top boss' of Petrobras graft scheme

Public Prosecutor Deltan Dallagnol told a news conference that Lula will be charged with corruption and money laundering for leading a kickback scheme.

04 Jun 2016

Dilma Rousseff denies using Petrobras funds to cover personal expenses

Rousseff is likely to seek reparations in the court for defamatory accusations made against her.

24 May 2016

Corruption scandal throws Brazil`s interim government into disarray

Planning Minister Romero Juca said in a hurried appearance before television cameras that he would step aside from Tuesday.

19 Mar 2016

Brazil's Dilma Rousseff knew about bribery scheme, senator says

A senator accused of involvement in Brazil`s biggest corruption scandal said President Dilma Rousseff and her predecessor Lula were both aware of it and tried to block prosecutors from investigating, Veja magazine said on Saturday.

19 Mar 2016

Brazil Supreme Court judge suspends Lula's appointment

A Brazilian Supreme Court judge blocked ex-president Luiz Inacio Lula da Silva from becoming presidential chief of staff and sent the corruption case against him back to criminal court.

18 Mar 2016

Brazil's Lula sworn in over protests as Rousseff faces impeachment

Former Brazilian President Luiz Inacio Lula da Silva was sworn in as chief of staff to his successor Dilma Rousseff on Thursday as a judge sought to block his appointment and Congress began proceedings to impeach her in a deepening political crisis.

16 Mar 2016

Brazil`s Rousseff hit by explosive new accusations

Cabinet ministers can only be tried before the Supreme Court in Brazil.

15 Mar 2016

Brazil`s Lula on verge of joining government: sources

Brazil`s ex-president Luiz Inacio Lula da Silva is about to join the government of his embattled protege Dilma Rousseff, administration sources said Tuesday, as both seek to save their political lives.

2014 FIFA World Cup

27 Nov 2015

Brazilian builder Andrade Gutierrez to admit 2014 World Cup bribes: Folha paper

Brazilian builder Andrade Gutierrez will confess to paying bribes for 2014 FIFA World Cup contracts and business with state-run companies Petrobras and Eletrobras, a newspaper report said on Friday.

Brazilian police

26 Oct 2015

Police raid targets son of Brazil's ex-president Lula

Brazilian police today raided the offices of a company belonging to a son of former president Luiz Inacio Lula da Silva as part of an investigation into tax fraud.

03 Oct 2015

Brazil high court: Lula can be questioned in Petrobras probe

Brazil's top court issued its ruling late Friday, after being petitioned last month by police to interrogate Lula, who governed the country from 2003 to 2010.

19 Aug 2015

Petrobras board approves sale of 25% of fuel unit, two oppose

Petrobras, as the company is known, wants to sell $15.1 billion of assets by the end of 2016 to help reduce its $132 billion of debt, the largest of any oil company.

07 Aug 2015

Petrobras net profit falls nearly 90% in Q2

The company attributed the sharp drop in net income -- a figure that was far lower than analysts had expected -- to an increase in tax expenses.

07 Aug 2015

Petrobras net profit falls nearly 90% in Q2

Brazil`s state-run oil giant Petrobras, rocked by a massive graft scandal, said Thursday that second-quarter net income fell nearly 90 percent from a year ago, in part due to plummeting crude prices.

20 Jun 2015

Petrobras scandal touches Brazil's business elite

Brazilian police began another phase in the investigation of massive corruption at state oil company Petrobras, arresting the heads of two of the country`s most important companies.

30 Apr 2015

Petrobras chooses Vale CEO Murilo Ferreira as board chair

Brazil`s state-owned oil giant Petrobras on Thursday nominated Murilo Ferreira, CEO of mining firm Vale, as its next board chair as the energy firm looks to emerge from a corruption scandal.

23 Apr 2015

Petrobras takes $17 bn charge in wake of scandal, promises ''normality''

Brazilian state-run oil company Petrobras reported its biggest-ever loss on Wednesday, the result of a 50.8-billion-real ($16.8 billion) write-down in the wake of a massive corruption scandal.

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