Rio de Janeiro, March 9, 2017 – Petróleo Brasileiro S.A. – Petrobras, in addition to the material facts disclosed on 11/30/2016 and 02/10/2017, informs that it was suspended today by the President of the Federal Regional Court for the 5th Region, the injunction that determined the interruption of the sale of 90% of Petrobras stake... Continue Reading →
Shell Becomes Gas Company With $7.25 Billion Oil-Sands Sale
Royal Dutch Shell Plc just took a big step toward remaking itself as a natural gas company. With Thursday’s deal to sell $7.25 billion of Canadian oil-sands assets, Shell will boost the share of cleaner-burning gas in its proven reserves from about half to 60 percent, Shell data show. It will also rid itself of... Continue Reading →
PETROBRÁS CEO TO ANALYZE PARTNERSHIPS WITH STATOIL AND GALP
March, 2017 Having sealed an alliance last year with France's Total worth $ 2.2 billion, Petrobras now seems to be looking for new international partners. According to CEO Pedro Parente, the Norwegian Statoil and the Portuguese company Galp are in the sights of Petrobras. Parente stated that the signing of strategic associations is... Continue Reading →
Exploration is not dead, quite the opposite, now is the time to invest, E&P players say
Exploration is not dead, quite the opposite, now is the time to invest, E&P players say | Offshore Energy Today http://www.offshoreenergytoday.com/wp-content/themes/navingo20/js/html5.js http://www.offshoreenergytoday.com/wp-content/themes/navingo20/js/respond.min.js Despite what you may have heard, conventional oil and gas exploration is not dead, and on the contrary, this might even be the perfect time for the exploration players to invest. This was... Continue Reading →
Brazil’s Petrobras confident accounting practices correct -CFO
Brazil's state-run oil company Petroleo Brasileiro SA is "completely confident" its financial reporting is in line with regulation, the company's chief financial officer said on Wednesday, after Brazil's CVM market regulator questioned its hedging practices. Chief Financial Officer Ivan Monteiro told reporters Petrobras would appeal the CVM decision and will continue to adopt the same... Continue Reading →
Petrobras – 2016 Annual Results Release Date
Rio de Janeiro, March 8, 2017 - Petróleo Brasileiro SA - Petrobras informs that it will release its 2016 annual results on March 21, 2017, after the market is closed. Therefore, the Company is in quiet period until the date of disclosure, during which Petrobras is not able to comment or provide clarifications related to... Continue Reading →
Brazil annual inflation likely fell below 5 percent in February
Brazil's annual inflation rate probably fell in February to its lowest level since 2010, easing below 5 percent to approach the government target, a Reuters poll showed on Wednesday. The survey's median forecast was for consumer prices to have risen 4.88 percent in the 12 months through February, slowing from a 5.35 percent increase in... Continue Reading →
Brazil Industrial Output Falls Less Than Forecast in January
Brazil’s industrial output fell less than forecast in January as policy makers seek signs that the country is on its way out of its biggest recession on record. Production fell 0.1 percent in the month, compared with the median 0.4 percent decline forecast by 41 economists polled by Bloomberg. From a year earlier, industrial output expanded... Continue Reading →
Odebrecht Probes Proliferate in Latin America
Investigations into Brazil’s embattled construction giant Odebrecht SA are exposing a larger network of graft in Latin America than was already revealed in a massive anticorruption settlement, according to prosecutors in several countries. Since the firm admitted in December to paying nearly $800 million in bribes, authorities across Latin America have launched new investigations that... Continue Reading →
Petrobras – Clarifications regarding CVM Letter
Rio de de Janeiro, March 7, 2017 - Petróleo Brasileiro SA - Petrobras informs that it received today a Letter No. 33/2017/CVM/SEP/GEA-5, following a meeting of the Brazilian Securities and Exchange Commission (CVM) that took place today, in which CVM’s Collegiate decided to publish the Letter No. 30/2017/CVM/SEP/GEA-5 (“Letter No. 30”), dated March 3, 2017,... Continue Reading →
Brazil Energy Insight 