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Petrobras Supplier Blacklist Seen as Illegal by Attorney General June 3, 2015 — 4:19 PM BRT Brazil's Attorney General Luis Inacio Adams. Photographer: Evaristo Sa/AFP/Getty Images Petrobras acted hastily in banning more than 20 contractors from bidding for new work during a graft investigation, according to Brazil’s attorney general. The blacklist -- issued by... Continue Reading →
The Petrobras logo is reflected in the window of the company's headquarters in Sao Paulo April 23, 2015. REUTERS/PAULO WHITAKER Reuters reports that indebted Brazilian oil company Petrobras has brought in Bank of America Merrill Lynch to help manage a multi-billion dollar divestment plan and has already contacted major oil companies who might be interested... Continue Reading →
The Brazilian Central Bank monetary policy committee, known as the COPOM, will most likely raise interest rates or Selic another 50 basis points to 13.75% p.a. this evening when it meets. The highest rate in 6 years as the Central Bank is adamant to dominate the high inflation rate which has broken the 8% mark... Continue Reading →
Local sources report that the Petrobras administration plans to submit the new Business Plan for 2015 to 2019 for Board approval on June 23. If approved the plan will be made public immediately. It has been been reported that the new Plan will reveal substantial decrease from the previous Plan and will concentrate efforts in... Continue Reading →
Petrobras - Petrobras discovers new oil accumulation at Poço Verde area, in Sergipe Basin 06/01/2015 Rio de Janeiro, June 1st, 2015 – Petróleo Brasileiro S.A. - Petrobras informs that well 3-SES-189 (Petrobras nomenclature), located at BM-SEAL-4 concession, discovers new oil accumulation in Sergipe Basin´s ultradeep waters. The well, informally known as Poço Verde 4, is... Continue Reading →
Petrobras - Financing between Petrobras Distribuidora and Banco Bradesco 06/01/2015 Rio de Janeiro, June 1st, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that concluded today the financing operation with Banco Bradesco, through its wholly-owned subsidiary Petrobras Distribuidora S.A., in the form of an export credit note, worth R$ 3 billion and a maturity date... Continue Reading →
U.S. Alerted in Brazil’s Foreign Supplier Probe, Prosecutor Says June 2, 2015 — 10:32 AM BRT Prosecutors investigating Brazil’s largest corruption scandal say they notified the U.S. Department of Justice of evidence that at least four foreign companies allegedly paid bribes to win Petroleo Brasileiro SA contracts. The allegations are against units or affiliates of... Continue Reading →
Petrobras Bonds Tell You a Lot About the State of Markets Those century bonds sold by Petrobras have plenty to say June 2, 2015 — 11:32 AM BRT The Petrobras Building.Photographer: Rich Press/Bloomberg Petrobras, the scandal-ridden, junk-rated, state-controlled Brazilian oil producer, surprised markets to sell $2.5bn worth of bonds with a 100-year maturity on Monday. Here's what the unusual debt sale can... Continue Reading →
There is no logical explanation to the success of the Petrobras U$ 2.5 billion Century Bond issue. The market makers and writers are trying to make sense of this event.... Read More... http://www.reuters.com/article/2015/06/02/column-markets-saft-idUSL1N0YL0IZ20150602
Petrobras - Pricing in the international market 06/01/2015 Rio de Janeiro, June 1st, 2015 – Petróleo Brasileiro S.A. – Petrobras announces the pricing of its 100-year Global Notes denominated in U.S Dollars (U.S.$) issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) and unconditionally guaranteed by Petrobras. Closing is expected to occur on June... Continue Reading →
Brazil Energy Insight 