Petrobras Receives $149 Mln from SBM in Leniency Deal

(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

Equinor Upbeat About Investor Interest in US Offshore Wind Farm

Equinor Upbeat About Investor

GE Vernova Could Not Agree Turbines Switch on NY Wind Projects

GE Vernova Could Not Agree Tur

Hess Profit Jumps on Guyana Output in Positive Sign for Exxon

Hess Profit Jumps on Guyana Ou

Decarbonization Offshore O&G: Navigating the Path Forward

Decarbonization Offshore O&G:

Subscribe for OE Digital E‑News

Offshore Engineer Magazine