Sete Brasil Participacoes SA, the company founded to lease oil rigs to Petroleo Brasileiro SA, said it’s considering legal measures against a shipyard that pulled out of a $6 billion deal to build drillships. Estaleiro Atlantico Sul, or EAS, owned by Grupo Camargo Correa and Grupo Queiroz Galvao, notified the company that it’s canceling the contract, Rio de Janeiro-based Sete Brasil said today in an e-mailed statement. Sete Brasil didn’t disclose any further details from the cancellation letter. O Estado de S. Paulo newspaper reported today that missed payments from Sete spurred the decision. The cancellation is another setback for Sete Brasil after a former executive and Petrobras manager said in testimony made public Feb. 5 that he took bribes from shipyards, allegedly including EAS, in exchange for contracts. Numerous phone calls and e-mails to EAS for comment weren’t answered. The accusation of corruption increases concern that […]