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

OpenTug, Blessey Marine Services to Implement BargeOS Invoice Solution

OpenTug, Blessey Marine Services to Implement BargeOS Invoice Solution

Defunct Inland Waterways Users Board May be Dubious

Defunct Inland Waterways Users Board May be Dubious

Bangladesh Seeks US LNG Amidst Global Supply Disruptions

Bangladesh Seeks US LNG Amidst Global Supply Disruptions

Seacap, Shorly Enter Partnership for Port Transitions

Seacap, Shorly Enter Partnership for Port Transitions

Subscribe for Maritime Logistics Professional E‑News

Tata's chairman resigns after tensions with charity
Air Canada shares rise after a loyalty program deal, and the airline expects a strong fall season.
British grid operator cancels request for backup power during Solar Eclipse hours