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

QatarEnergy to Ship LNG Cargo to Orlen Next Month

QatarEnergy to Ship LNG Cargo to Orlen Next Month

Mammoet, Port of Argentia Plan Floating Dry Dock, Marine Repair Facility

Mammoet, Port of Argentia Plan Floating Dry Dock, Marine Repair Facility

Port Innovation Congress Draws Record Attendees to Valencia

Port Innovation Congress Draws Record Attendees to Valencia

HD Hyundai, Kiewit Team Up to Build New US Shipyard

HD Hyundai, Kiewit Team Up to Build New US Shipyard

Subscribe for Maritime Logistics Professional E‑News

Russia claims it has struck Ukrainian defence industry vessels and facilities
Poland suspects Starlink fire as a sabotage
Maguire: The cement boom in Africa signals the next big shift in global energy usage.