Petróleo Brasileiro S.A. - Petrobras (PBR) , Brazil's state-owned integrated oil and gas company, faces an arbitration proceeding over unfulfilled pipeline repair obligations. Seacrest Petroleo, an oil and gas field operator in Brazil, recently announced that two of its subsidiaries have filed arbitration proceedings against Petrobras before the International Court of Arbitration of the International Chamber of Commerce ("ICC") to claim damages of about $71 million for non fulfillment of a sale and purchase ...