The Atlântico Sul Shipyard (EAS), controlled by Camargo Corrêa and Queiroz Galvão, seeks alternatives to strengthen its capital structure and ensure its survival. Valor has learned that the Apollo fund, a partner in the Starboard business restructuring consultancy, is considering bidding for EAS and may even take control of the shipyard. The shipping company Satco is another... Continue Reading →

June 4, 2018 - Petrobras informs that it signed, on 06/01/2018, with Banco Bradesco, a committed credit facility in the amount of R $ 2 billion, maturing in June 2023. The new line of credit will cost 0.40% pa. by maintaining the limit with Banco Bradesco, creating an additional source of liquidity for the company... Continue Reading →

Petrobras’ board said it had named Monteiro as interim CEO at a rapidly organized meeting on Friday, and Temer recommended him to take on the job on a longer-term basis later in the day. However, with elections looming, Monteiro’s tenure is likely to end in December when the president leaves office. Shares in Petrobras, Latin... Continue Reading →

(Reuters) - Analysts at JPMorgan Chase & Co have downgraded shares in Petroleo Brasileiro SA to neutral following the resignation of Pedro Parente as chief executive officer, “until we have a better understanding of what this means for the company and its governance.” The fact that no other executives resigned is positive for Petrobras, as... Continue Reading →

Greenpeace activists disrupted oil company Total’s annual general meeting in Paris on Friday, protesting against Total’s plans to drill near the Amazon Reef offshore Brazil. Several Greenpeace climbers deployed banners from the ceiling inside the AGM, saving “Save the Amazon Reef.” Read more

  From the Newsroom / 06/2018 Sources said that Petrobras' chief financial officer Ivan Monteiro would have indicated he would accept to take over the company as long as there is no interference in the oil price policy. He was taken to the company by then-President Aldemir Bendine and held by Pedro Parente, who resigned... Continue Reading →

  Petroleo Brasileiro SA’s chief executive quit on Friday in a surprise move that wiped some $12 billion off the state-controlled oil producer’s market valuation, after Brazil’s government responded to a trucking strike by intervening in the company’s fuel pricing policy. Pedro Parente, who in two years in the job had succeeded in slashing Petrobras’... Continue Reading →

Brazilian state-controlled oil company Petroleo Brasileiro SA has extended the deadline for discussion with France’s Engie SA about the sale contract for a major pipeline network, two sources with knowledge of the matter said. Engie had the highest bid among three consortia interested in acquiring Transportadora Associada de Gás SA, known as TAG. The French... Continue Reading →

Petronoticias Petrobras President Pedro Parente resigned this morning (1), after a meeting with President Michel Temer. His resignation from the presidency of Petrobras did not take the market by surprise, since he accepted to assume the Presidency of the Board of Directors of BRF. The very pressure of the oil workers asking for his exit... Continue Reading →