Register now for the Port of the Future Conference • 2 Days, 50 Ports • Houston/Galveston area, TX • April 12–14, 2027

Petrobras Executive Extends Leave Amid Investigation

December 5, 2014

Brazil's state-run oil company Petroleo Brasileiro SA extended a leave of absence for the head of its tanker and pipeline unit, Transpetro, for 30 more days according to a filing on Friday.

Transpetro President Sergio Machado stepped down temporarily on November 3 as police investigated a corruption scandal at the company that has delayed the release of audited earnings, implicated an array of major contractors and threatened to ensnare dozens of politicians.

(Reporting by Brad Haynes and Alberto Alerigi Jr.; Editing by Chizu Nomiyama, Reuters)

Logistics News

Sofar Ocean Study Links Marine Forecast Gaps with Vessel Rolling

Sofar Ocean Study Links Marine Forecast Gaps with Vessel Rolling

SGMF Publishes LCA on Methanol as Marine Fuel

SGMF Publishes LCA on Methanol as Marine Fuel

Ground Breaks on New Delaware Container Terminal

Ground Breaks on New Delaware Container Terminal

European Wheat Rises As Black Sea Disruptions Continue

European Wheat Rises As Black Sea Disruptions Continue

Subscribe for Maritime Logistics Professional E‑News

Sources say that Saudi Arabia offers to load more crude oil via Oman after the pipeline attack.
Four days after the capsize of a ship in Indonesia's Java Sea, 129 people are still missing and families desperate for information
Sources say that two pumping stations on the Saudi East-West Pipeline were damaged by a recent attack.