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

ABS, U.S. DOE to Advance Maritime Nuclear Technology

ABS, U.S. DOE to Advance Maritime Nuclear Technology

Russian Wheat Export Costs Rise, Increased Shipments Buffer Domestic Price Drop

Russian Wheat Export Costs Rise, Increased Shipments Buffer Domestic Price Drop

Baltic Index Reaches More Than Seven Week Low

Baltic Index Reaches More Than Seven Week Low

Paris Wheat Rises As Algerian Purchases Tender, Hope of Black Sea Peace Fades

Paris Wheat Rises As Algerian Purchases Tender, Hope of Black Sea Peace Fades

Subscribe for Maritime Logistics Professional E‑News

Increased security at US Fairford Air Base in England
Canada fast tracks oil pipeline to diversify economy and divert away from US
Maguire: The cement boom in Africa signals the next big shift in global energy usage.