Petrobras Probe Points to Pension Fund
Clarification: This story has been updated to include the full name a company which is under investigation for involvement in a corruption scandal with Petrobras. The name of the Brazilian company is UTC Engenharia, not UTC as initially reported. There are several global companies known as UTC, and only the Brazilian firm UTC Engenharia is implicated. Brazil's state-run oil company Petrobras on Monday said a growing corruption scandal may implicate its employee pension fund and has led to a freeze on payments to 23 contractors allegedly involved in the scheme. Petros, the 66 billion real ($24 billion) employee-pension fund of Petroleo Brasileiro SA, as Petrobras is formally known, was singled out by an internal investigation, Petrobras said in a statement.
ShipConstructor Talks to Brazilian Industry
ShipConstructor Software Inc. in conjunction with its local affiliate, Sincronia, has delivered a presentation to members of the Brazilian shipbuilding and offshore industry regarding best practices in detail design. Representatives from Petrobras, Sinaval, ABIMAQ, the Brazilian Navy and UTC Engenharia were in attendance while officials from software, design and shipbuilding firms such as FormSys, INACE, Guido Perla and Estaliero Atlântico Sul (EAS) also shared their experiences working with ShipConstructor's technology.
