Swiss prosecutors have opened a criminal probe into an employee of commodities group Trafigura as part of a wider investigation into suspected corruption at Brazil's state oil company Petrobras, the Office of the Attorney General said on Monday. Read more
Petrobras could get back 5.5 billion reais in corruption probe: CEO
Fri Nov 18, 2016 | Reuters Brazil's state-run oil company Petroleo Brasileiro SA Chief Executive Officer Pedro Parente attends an economics and politics forum in Sao Paulo, Brazil, September 30, 2016. REUTERS/Paulo Whitaker Brazilian state-controlled oil company Petróleo Brasileiro SA could receive up to 5.5 billion reais ($1.6 billion) back as a result of an... Continue Reading →
Clarification on News: Negotiations with individual investor
Rio de Janeiro, November 16, 2016 – Petróleo Brasileiro S.A. – Petrobras responds to the Official Letter No. 3252/2016-SAE/GAE 2 requesting clarifications, as follows: Official Letter No. 3252/2016-SAE/GAE 2 “Dear Sirs, In news published by the newspaper Valor Econômico, on 11/16/2016, it is stated, among other information, that Petrobras has progressed in negotiations with... Continue Reading →
Petrobras – Approval of the signing of the contract for the sale of Liquigás
Rio de Janeiro, November 17, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors approved, at a meeting held today, the signing of the contract for the sale of Liquigás Distribuidora S.A. to Companhia Ultragaz S.A., a subsidiary of Ultrapar Participações S.A. Liquigás is a wholly-owned subsidiary of Petrobras and... Continue Reading →
Brazil’s Andrade Gutierrez, CADE Cut Deal Over Belo Monte Dam Probe
Antitrust body said ‘leniency agreement’ signed in September By ROGERIO JELMAYER and LUCIANA MAGALHAES Nov. 17, 2016 3:02 p.m. ET SÃO PAULO—Brazil’s antitrust body said it signed a ‘leniency agreement’ in September with construction company Andrade Gutierrez SA and kept it confidential during the agency’s preliminary investigations into the company’s activities. The agreement was signed... Continue Reading →
Petrobras Renews Financing with Caixa Economica Federal
Rio de Janeiro, November 16, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that it renewed today with Caixa Econômica Federal a loan in the amount of R$ 3.7 billion. The financing has a new maturity date for November 2023 and it is unsecured.
Brazil arrests former Rio governor in corruption probe: police
Brazilian federal police arrested the former governor of Rio de Janeiro state on Thursday as part of an investigation into the embezzlement of 220 million reais ($64 million) in public work projects, a police spokesman said. Sergio Cabral is the highest-profile politician to be arrested in recent months amid a massive anti-corruption investigation that... Continue Reading →
Petrobras will concentrate investments in Brazil over the next five years
Petrobras will concentrate investments in Brazil over the next five years, president Pedro Parente said on Tuesday in New York, where he attended a Bradesco BBI event. "In the next five years, we will focus on Brazil," he said during a speech at the event. "We will invest outside Brazil only if it is in... Continue Reading →
Brazil real snaps a 4-day losing streak on stepped-up intervention
The Brazilian real firmed on Wednesday as government intervention helped the currency snap a four-day losing streak triggered by U.S. President-elect Donald Trump's surprise victory. The real rallied as much as 1.1 percent before trimming gains to trade 0.5 percent higher at 3.42 reais, buoyed by steps taken by the central bank and the National... Continue Reading →
PetroRio 3Q, 2016 Results highlights
Highlights: Best Latin American E & P company award in 2016 by World Finance magazine; Campo do Polvo production of 771,563 barrels in the quarter, 13% higher than in 3Q15 and in line with 2Q16; Lifting cost (US $ 28.37 / bbl) in line with 2Q16 (historical low) and 26% lower than 3Q15; Adjusted EBITDA... Continue Reading →
Brazil Energy Insight 