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Petrobras Said to Consider Prized Oil Area in Divestment Plan By Cristiane Lucchesi Sabrina Valle Peter Millard 2:04 PM BRT April 10, 2015 (Bloomberg) Petroleo Brasileiro SA is considering including fields from its fastest-growing deepwater oil region in a divestment plan to raise money for expenditures and debt payments, six people with knowledge of the... Continue Reading →
Oil Prices Rise Ahead of Data on Drilling Activity Rising dollar is pressuring oil prices The number of oil drilling rigs has declined for 17 consecutive weeks and stood at 802 last week, half of what it was just six months ago. By NICOLE FRIEDMAN And GEORGI KANTCHEV/WSJ Updated April 10, 2015 9:52 a.m. ET Oil... Continue Reading →
PETROBRAS -Clarification on News: Financial Statements Rio de Janeiro, April 9, 2015 – Petróleo Brasileiro S.A. – Petrobras complies with OFFICIAL LETTER BM&FBovespa 0990/2015-SAE, which requests the following clarification: OFFICIAL LETTER 0990/2015-SAE “We request clarifications about news released on April 9, 2015, in the newspaper Valor Econômico, entitled “Petrobras Financial Statements will be released by... Continue Reading →
Shell’s $70 Billion Deal for BG Group Faces a Few Hurdles Blockbuster deal must contend with regulatory challenges in China and tough scrutiny from investors The combination of the two energy producers is subject to review by regulators. ILLUSTRATION: BLOOMBERG NEWS By SELINA WILLIAMS and SARAH KENT/WSJ April 9, 2015 8:06 p.m. ET LONDON—Royal Dutch Shell PLC’s $70 billion purchase of BG... Continue Reading →
Fri Apr 10, 2015 7:09am EDT Brazil police to arrest seven more in Petrobras corruption probe RIO DE JANEIRO A policeman stands in front of the Petrobras headquarters during a protest in Rio de Janeiro March 4, 2015. REUTERS/SERGIO MORAES (Reuters) - Brazil's federal police said it had issued seven arrest warrants on Friday in... Continue Reading →
http://www.ft.com/cms/s/0/bc9dd344-debe-11e4-8a01-00144feab7de.html#ixzz3WqeLuIIY April 9, 2015 6:43 pm Oil price holds key to success of Shell takeover David Oakley, Investment Correspondent/FT Sometimes one number is all that matters. In the case of the proposed takeover of BG Group by Royal Dutch Shell, that number is the oil price. In short, the success or failure of the blockbuster energy deal hinges on Shell’s long-term oil... Continue Reading →
Petrobras (PBR) Stock Rises 8.38% to U$7.50 ByAndrew Meola|04/09/15 - 03:44 PM EDT NEW YORK (TheStreet) -- Shares of Brazilian state-run energy company Petrobras (PBR - Get Report) rose 8.38% to $7.50 in late afternoon trading Thursday as Brazilian President Dilma Rousseff said the company is ready to move on from the corruption scandal that has plagued it for months. Rousseff... Continue Reading →
Thu Apr 9, 2015 1:12pm EDT Brazil's Rousseff says Petrobras has cleaned up corruption BRASILIA, APRIL 9 | BY ANTHONY BOADLE (Reuters) - State-run oil company Petrobras has purged corrupt managers and put a graft scandal behind it, while hitting record output levels from off-shore deposits, Brazil's President Dilma Rousseff said on Thursday. The indictment of former senior... Continue Reading →
Thu Apr 9, 2015 1:09pm EDT UPDATE 2-Fitch warns of possible Brazil downgrade as economy falters By Walter Brandimarte (Reuters) - Fitch Ratings on Thursday warned it may cut Brazil's credit rating in the next couple of years if the economy deteriorates further despite President Dilma Rousseff's efforts to correct macroeconomic imbalances. Fitch revised the outlook on Brazil's... Continue Reading →
Bradesco’s Clemente Says Brazil Economy Nearing Turning Point Release of delayed Petrobras earnings expected to clear up uncertainty By ROGERIO JELMAYER And JEFFREY T. LEWIS/WSJ April 8, 2015 11:59 a.m. ET SÃO PAULO—Brazil’s sluggish economy is nearing a turning point with the approaching release of the 2014 earnings results of Petroleo Brasileiro SA, or Petrobras, the head ofBradesco investment banking... Continue Reading →
