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Petrobras surprises market by successfully issuing U$2.5 billion in rare Century Bonds. Dado Galdieri / Bloomberg News Read More http://www.bloomberg.com/news/articles/2015-06-01/petrobras-said-seeking-to-sell-century-bond-in-return-to-market
Petrobras supplier seeks to expand outside of Brazil. Odebrecht Oleo & Gas SA, the oil services arm of Latin America’s largest builder, is seeking to expand outside its home base of Brazil where the group is fighting a contract ban by its main client, Petrobras. Read More http://www.bloomberg.com/news/articles/2015-05-29/petrobras-rig-supplier-chasing-work-abroad-to-reduce-brazil-risk
Petrobras - Suspension from the Brazilian Institute of Corporate Governance - IBGC Rio de Janeiro, June 1st, 2015 - Petróleo Brasileiro S.A. - Petrobras informs that received a mail from the Brazilian Institute of Corporate Governance – IBGC communicating that its Board of Directors decided to suspend Petrobras from its members for a period of... Continue Reading →
Petrobras surprises market with rare Century Bond issue. The market was surprised with the announcement by Petrobras that it will issue a rare Century Bond to test the markets. An extremely bold move. Read more http://www.reuters.com/article/2015/06/01/petrobras-bonds-idUSL1N0YN0YY20150601
Petrobras - Notices and Facts New well confirms light oil potential in Carcará area at Santos Basin “pre-salt” Rio de Janeiro, May 29, 2015 – Petrobras informs that the drilling of the second well in Carcará area (Block BM-S-8), located at Santos Basin´s ultra-deep waters, confirmed the light oil potential in pre-salt’s reservoirs. The well... Continue Reading →
Petrobras - Clarification on News: Asset Sales Rio de Janeiro, May 28, 2015 – Petróleo Brasileiro S.A. – Petrobras complies with OFFICIAL LETTER BM&FBovespa 2.072/2015-SAE, which requests the following clarification: OFFICIAL LETTER BM&FBovespa 2.072/2015-SAE “We request immediate clarification by March 29, 2015 at 9 a.m. regarding the content of news released by Valor Econômico on... Continue Reading →
May 28, 2015 Workers' Union-Petrobras pays 2014 bonus despite record loss and canceled dividends Petroleo Brasileiro SA, - Petrobras, will pay employees 1.04 billion reais ($331 million) in bonuses for 2014 despite recording its largest-ever loss and rejecting investor dividends. The bonus, known as "a share in results", will be paid to the workers and... Continue Reading →
Nestor Cevero, former Petrobras International Division Director, was convicted to a 5 year prison term for money laundering. So far, three Petrobras Directors and an Executive Manager have been imprisoned due to the corruption investigations plaguing Petrobras.
Tue May 26, 2015 10:15am EDT UPDATE 1-Brazil's current account gap widens to $6.9 bln in April May 26 (Reuters) - Brazil's current account deficit grew more than expected in April, exceeding the net inflow of investments from abroad into Latin America's largest economy, central bank data showed on Tuesday. Brazil's current account gap widened... Continue Reading →
Lupatech announced that it has filed for a judicial reorganization, creditor protection, for all the companies in the Group. Besides the holding, it includes: Lupatech Finance Ltd., Amper Amazonas Perfurações; Itacau Agenciamentos Maritimos, Lochness Participações; Lupatech Equipamentos e Serviços para Petroleo, Lupatech Perfuração e Completação, Matep Maquinas e Equipamentos, Mipel Ind. e Com. de Valvulas,... Continue Reading →
Brazil Energy Insight 