marine link image
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

Aurrigo Deploys Autonomous Electric Shuttle at Portsmouth International Port

Aurrigo Deploys Autonomous Electric Shuttle at Portsmouth International Port

Atlas Copco Gas and Process Expands Facilities in South Korea, New York

Atlas Copco Gas and Process Expands Facilities in South Korea, New York

Baltic Index Holds Third Weekly Gain

Baltic Index Holds Third Weekly Gain

CM Energy Contributes to ASSO Cable Lay Project

CM Energy Contributes to ASSO Cable Lay Project

Subscribe for Maritime Logistics Professional E‑News

Pentagon: Boeing has won the contract for next-generation US Navy fighters.
Alaska LNG savings justify billions of investment, developer claims
US ends review of data privacy for US Airlines without Penalties