Rio de Janeiro, August 28, 2017 - Petróleo Brasileiro S.A. – Petrobras, pursuant to the press release of 06/30/2017, informs about the progress of the process analysis by the General Superintendence (“GS”) of the Administrative Council for Economic Defense (”CADE”), regarding the sale of Liquigás Distribuidora S.A., a wholly-owned Petrobras subsidiary, to Companhia Ultragaz S.A.,... Continue Reading →
CEO of Argentina’s Biggest Oil Company Resigns
Ricardo Darre, chief executive officer of YPF SA, has resigned as Argentina’s largest oil producer prepares to sell at least $1 billion in assets and focus on developing the world’s second-biggest reserve of shale gas. A six-person committee will lead the company after Darre resigned, according to a filing by YPF on Monday. Darre didn’t... Continue Reading →
Harvey’s Toll on Houston Rising as Floods Hit Residents, Energy
A deluge of rain and rising floodwaters left Houston immersed and helpless, crippling a global center of the oil industry and testing the economic resiliency of a state that’s home to almost 1 in 12 U.S. workers. Read more
Petrobras – Settlement of the Public Offering of Debentures with Restricted Distribution Efforts
Rio de Janeiro, August 28, 2017 – Petróleo Brasileiro S.A. – Pursuant to the Material Fact dated July 26, 2017 and the press release dated August 16, 2017, Petrobras hereby informs that in August 25, 2017, the settlement of the 5th (fifth) issue of simple non-convertible unsecured debentures ("Issue" and "Debentures") in the total amount... Continue Reading →
New Chief Financial Executive Officer of Petrobras Distribuidora (BR)
Rio de Janeiro, August 28, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that the Board of Directors of its wholly-owned subsidiary, Petrobras Distribuidora S.A. (BR), approved, in a meeting held on August 25, 2017 the election of Mr. Rafael Salvador Grisolia for the position of Chief Financial Executive Officer, with a term of office... Continue Reading →
Petrobras – Onshore Opportunity Disclosure – Teasers
Rio de Janeiro, August 28, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that it has initiated the opportunity disclosure stage (Teasers) related to the full sale of its exploration, development and production rights in three sets of onshore fields (totaling 50 concessions), located in Rio Grande do Norte and Bahia states, as per the... Continue Reading →
Round 14 of Bidding has a total of 32 companies registered
Updated: Friday, August 25, 2017, 9:48 pm Four companies were approved Friday (25/8) at the last meeting of the Special Tender Commission (CEL). The Commission approved a total of 32 companies for the 14th Round of Tenders, to be held on September 27 in Rio de Janeiro. CEL analyzed the last eight applications, four of... Continue Reading →
Petronas profit surges on higher prices
Malaysia’s national oil company Petronas saw an increase in profit during the second quarter 2017 helped by higher prices across all products and cost cuts. Petronas’ profit after tax for the quarter was RM 7 billion compared to RM 1.7 billion in 2Q of 2016, a significant improvement mainly due to lower net impairment on assets... Continue Reading →
Material Fact – Petrobras approves corporate restructuring at Petrobras Distribuidora
Rio de Janeiro, August 25, 2017 - Petróleo Brasileiro S.A. - Petrobras informs that its Board of Directors approved the corporate restructuring of its wholly-owned subsidiary, Petrobras Distribuidora S.A. (BR), which will involve the following operations: 1. Capital contribution of Petrobras to BR, in the amount of approximately R $ 6.3 billion; 2. Corporate spin-off... Continue Reading →
Halliburton, Microsoft to drive O&G digital transformation
Tech company Microsoft and oil services provider Halliburton have entered into a strategic alliance aiming to drive digital transformation across the oil and gas industry. Halliburton said earlier this week that the relationship would combine the expertise of a software company with cloud and digital transformation experience with its exploration and production (E&P) science, software,... Continue Reading →
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