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The real depreciated 0.9 percent to 3.1255 per dollar at 10:56 a.m. in Sao Paulo. Swap rates, a gauge of expectations for changes in borrowing costs, on the contract maturing in January 2017 decreased 0.1 percentage point to 13.72 percent. Read More
Petrobras - Business & Management Plan Conference Transcript Get information on the 2015-2019 Business and Management Plan. Access the Press Conference presentation and the Press Release below. Conference Transcript Transcricao-PNG-2015-2019-Petrobras-Imprensa-Ingles
Petrobras - 2nd Quarter 2015 Results Release Date 07/02/2015 Rio de Janeiro, July 2nd, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that it will release its 2nd Quarter 2015 results on August 6th, 2015, after the market is closed. Therefore, from July 23rd to August 6th, the Company will be in quiet period, during... Continue Reading →
BP Plc’s $18.7 billion U.S. legal settlement is being cheered by investors and analysts as it ends five years of financial uncertainty. It also makes the British oil producer a more attractive takeover target. Potential buyers, held back by unquantifiable liabilities related to the company’s 2010 Gulf of Mexico spill, may find a slimmed-down BP... Continue Reading →
Petrobras corruption losses may be larger than estimated, prosecutor says 7/2/2015, 3:13 PM (Source: Seeking Alpha) back Petroleo Bras...+2.08% 8.83 Brazilian prosecutors say Petrobras’ (PBR +2.4%) official estimates for losses it has suffered from the corruption scandal are too low, which Financial Times says may mean the company will need to adjust its 2014 financial... Continue Reading →
For the first time in almost seven months, America’s shale drillers put rigs in oil fields back to work, and they’re doing it at a lower price. The sudden rebound in the U.S. oil rig count is a testament to how resilient U.S. shale has become as it battles against OPEC for market share. Spurred... Continue Reading →
A group of five Brazilian banks will refinance about 11.5 billion reais ($3.6 billion) in loans for ailing Sete Brasil Participações SA for a further 45 days, in a bid to keep the oil rig maker afloat, two sources with direct knowledge of the matter said on Thursday. State banks Banco do Brasil SA and... Continue Reading →
BP Plc has reached a comprehensive $18.7 billion settlement with the U.S. government and five states, a landmark deal that effectively ends years of litigation over environmental damage and human casualties caused by the 2010 Gulf of Mexico spill. It could be the largest settlement with a single entity in U.S. history, the U.S. Justice Department... Continue Reading →
Petrobras - Studies for public offering of shares from Petrobras Distribuidora S.A. 07/01/2015 Rio de Janeiro, July 1st, 2015 – Petróleo Brasileiro S.A. – Petrobras, in compliance with article 157, § 4º of Act 6.404, of December 15th, 1976, as amended, and Normative Instruction no. 358 of January 3rd, 2002, from the Brazilian Securities Commission... Continue Reading →
Petrobras - Sale of Interest in Concessions of Bijupirá and Salema 07/01/2015 Rio de Janeiro, July 1st, 2015 – Petróleo Brasileiro S.A. – Petrobras announces that has signed today, with PetroRio S.A. (‘PetroRio’), the celebration of the contracts regarding the sale of 20% of its interest in the concessions of Bijupirá and Salema fields, currently... Continue Reading →
Brazil Energy Insight 