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

Applied Acoustics Deploys Pyxis INS + USBL System for SEP Hydrographic

Applied Acoustics Deploys Pyxis INS + USBL System for SEP Hydrographic

800-Ton Goliath Crane Takes Shape in Port of Chioggia

800-Ton Goliath Crane Takes Shape in Port of Chioggia

Renewable Propane Delivers Clean Energy Without the Wait

Renewable Propane Delivers Clean Energy Without the Wait

Crewed Up, Not Crew Cut: How ARC Is Rethinking Retention at Sea

Crewed Up, Not Crew Cut: How ARC Is Rethinking Retention at Sea

Subscribe for Maritime Logistics Professional E‑News

Airbus delivered 30 jets during the first half of December, according to sources
The Louvre Museum in France has closed due to a rolling strike by workers
Trinidad and Tobago allows US military aircraft to transit through airports