Rio de Janeiro, July 26, 2017 – Petróleo Brasileiro S.A. – Petrobras, pursuant to the material fact of June 30, 2017, reports that its Board of Directors approved today the inclusion in the Special Program for Tax Regularization (Programa Especial de Regularização Tributária – “PERT”),, established by Provisional Measure no. 783 of May 31, 2017,... Continue Reading →
Brazil’s Petrobras sees $1.9 billion hit to second quarter results from tax debits
SAO PAULO (Reuters) - Brazilian state-run oil company Petrobras said on Wednesday that its second-quarter results will be hit by a 6 billion reais ($1.9 billion) charge to include debits from changes to a pension fund scheme in its tax normalization program. Petroleo Brasileiro SA said in a filing that it will make a total... Continue Reading →
Petrobras 2nd Quarter 2017 Results Release Date
Rio de Janeiro, July 25, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that it will release its 2nd quarter 2017 results on August 10, 2017 after the market is closed. Therefore, between 07/26/2017 and 08/10/2017, the Company will be in quiet period, during which it will not be able to comment or provide clarifications... Continue Reading →
Petrobras – Decision of CVM Collegiate in favour of Petrobras on the application of Hedge Accounting
Rio de Janeiro, July 11, 2017 – Petróleo Brasileiro S.A. – Petrobras, pursuant to the material fact published on March 7, 2017, hereby reports that at a meeting held today, the Collegiate of the Securities and Exchange Commission of Brazil ("CVM"), upheld the appeal filed by the company in relation to Letter No. 30/2017/CVM/SEP/GEA-5. The... Continue Reading →
Brazil concludes it owes Petrobras money in ‘Transfer of Rights’ deal: source
The Brazilian government concluded it owes state oil company Petrobras money after a revaluation of stakes in offshore oil blocks known as transfer of rights areas, a government source familiar with the issue told Reuters on Friday. The government will offer to settle the debt arising from the transfer of rights contracts with Petrobras, or... Continue Reading →
Petrobras announces the Settlement of the Early Redemption of Series of Notes maturing in 2018
Rio de Janeiro, Brazil – June 22, 2017 - Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”), further to the announcement released in June 20, 2017, has concluded the redemption of its 2.750% Global Notes due 2018, 5.875% Global Notes due 2018 and 4.875% Global... Continue Reading →
Petrobras Announces Early Redemption Prices for Notes Due 2018
Rio de Janeiro, June 20, 2017 - Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) has delivered notices to holders in connection with its redemption of the outstanding 2.750% Global Notes due 2018 (“2.750% Notes”), 5.875% Global Notes due 2018 (“5.875% Notes”) and 4.875% Global... Continue Reading →
Brazil’s Petrobras says political turmoil unlikely to affect asset sales
Brazil's state-controlled oil company Petroleo Brasileiro SA does not expect political turmoil caused by a massive corruption investigation to affect its asset sales and debt reduction program, Chief Executive Officer Pedro Parente said Thursday. The Petrobras CEO also said the company will not stop deleveraging once the target of 2.5 times EBITDA is reached. He... Continue Reading →
Petrobras – Inclusion of Debts in the Tax Regularization Program
Rio de Janeiro, June 1, 2017 – Petrobras informs that it requested the inclusion of tax debts in the Tax Regularization Program (Programa de Regurarização Tributária) created by Provisional Measure 766/2017 and governed by Normative Instruction of the Brazilian Federal Revenue Service No. 1.687/2017 and National Treasury Attorney's Office Ordinance No. 152/2017. Enrollment in this... Continue Reading →
Petrobras Announces Redemption of Three Series of Notes
Rio de Janeiro, Brazil – May 23, 2017 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) has delivered notices of redemption to the holders of the outstanding 2.750% Global Notes due 2018 (“2.750% Notes”), 5.875% Global Notes due 2018 (“5.875% Notes”) and 4.875% Global... Continue Reading →