Brazilian President Dilma Rouseff exonerated in probe of refinery deal

Brazil`s federal audit tribunal has said that President Dilma Rousseff bore no responsibility for state-controlled oil giant Petrobras`s ultimately disastrous acquisition of a US refinery in 2006.

Brazil names 46 suspects in money-laundering, drug probe

Police in Brazil have named 46 people, including an ex-executive at oil giant Petrobras, as suspects in an alleged USD 4.5 billion money laundering and drug operation, officials have said.

Bill Clinton wades into US-Brazil cyberspy row

Former US president Bill Clinton, currently on a visit to Rio de Janeiro, said he opposes economic espionage on Washington`s allies such as Brazil.

Petrobras to exit ONGC block, Shell keen to get in

Brazil`s Petrobras had decided to
quit Oil and Natural Gas Corp`s (ONGC) prolific gas discovery
block in the Krishna Godavari basin, a vacancy that Royal
Dutch/Shell and BP Plc are keen to fill-in.