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A Brazilian judge ordered the arrest of two Petrobras executives in March claiming that they failed to comply with a court ruling in favor of start-up oil firm Maritima Petroleo e Engenharia, which built drilling rigs for the state-owned oil company.


A Brazilian judge ordered the arrest of two Petrobras PETROBRAS PetrĂ³leo Brasileiro SA (Brazilian oil company)  executives in March claiming that they failed to comply with a court ruling in favor of upon the side of; favorable to; for the advantage of.

See also: favor
 start-up Start-up

The earliest stage of a new business venture.
 oil firm Maritima Petroleo e Engenharia, which built drilling rigs for the state-owned oil company. According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 the ruling, Petrobras had to suspend its practice of licensing contractors through an invitation to present offers for projects involving Maritima. Another judge later temporarily revoked the arrest warrants for the Petrobras executives.
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Title Annotation:Oil & Gas; Petroleo Brasileiro S.A.
Comment:A Brazilian judge ordered the arrest of two Petrobras executives in March claiming that they failed to comply with a court ruling in favor of start-up oil firm Maritima Petroleo e Engenharia, which built drilling rigs for the state-owned oil company.(Oil & Gas)(Petroleo Brasileiro S.A.)
Publication:Latin Trade
Article Type:Brief Article
Geographic Code:3BRAZ
Date:May 1, 2004
Words:76
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