Saturday, December 15, 2018

Petrobras Receives $149 Mln from SBM in Leniency Deal

October 22, 2018

(File photo: SBM Offshore)
(File photo: SBM Offshore)

Brazilian state-run oil company Petroleo Brasileiro SA has received an initial payment of 549 million reais ($148.92 million) from Dutch marine engineering group SBM Offshore as part of a 1.22 billion-real leniency deal, the Brazilian government said on Monday.

As a result of a long-running corruption investigation, SBM was accused of paying bribes to secure contracts with Petrobras, as the state-controlled oil company is known.


($1 = 3.6866 reais)

(Reporting by Alexandra Alper; editing by Jonathan Oatis)

Current News

Oil Slips 2 Percent

Oil Slips 2 Percent

Solstad Scores Long-term Charter with Total

Solstad Scores Long-term Charter with Total

Europeans Sweep Record US Offshore Wind Auction

Europeans Sweep Record US Offshore Wind Auction

BP Green Lights Trinidad, Tobago Gas Projects

BP Green Lights Trinidad, Tobago Gas Projects

Norne FPSO Extended Through 2036

Norne FPSO Extended Through 2036

Sonangol, ExxonMobil Ink Exploration Deal

Sonangol, ExxonMobil Ink Exploration Deal

Op/Ed: CCS Needs to Start With a Bang, Not a Whimper

Op/Ed: CCS Needs to Start With a Bang, Not a Whimper

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week