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Petrobras to pay $2.95bn settlement over US corruption lawsuit

On Wednesday, Brazil’s state-run oil major Petrobras agreed to pay USD 2.95 billion, as a settlement to a US class action corruption lawsuit. The so-called “Car Wash” corruption concerned executives allegedly receiving bribes in return for awarding contracts to construction firms at inflated prices since 2014.

Brazilian regulator accuses Petrobras former executives

As informed, the CVM, Brazilian equivalent to the US Securities and Exchange Commission, imposed accusations to eight people, including two ex-CEOs of the company, related to irregularities in the contracting process for three drill ships.

Petrobras, Exxonmobil to create oil and gas alliance

Petrobras and ExxonMobil will evaluate areas of common interest across all sectors of the oil and gas production value chain, including opportunities for collaboration in exploration, production, gas and chemicals both inside and outside Brazil.

Worker dies onboard drillship in Mexican Gulf

US authorities are conducting an investigation into the fatality of a worker onboard a drillship operated by Brazilian oil and gas company Petrobras in the Gulf of Mexico, about 172 miles south of Port Fourchon, Louisiana.

CMM takes delivery of its first Damen PSV 3300

CMM has taken delivery of a Damen Platform Supply Vessel 3300. The 80-metre, 3,300t deadweight vessel CMM Gravity will be deployed in the Brazilian waters from June 2014 on a 4+4 year contract with Petrobras

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