Petrobras – Clarifications regarding CVM Letter

Rio de de Janeiro, March 7, 2017 - Petróleo Brasileiro SA - Petrobras informs that it received today a Letter No. 33/2017/CVM/SEP/GEA-5, following a meeting of the Brazilian Securities and Exchange Commission (CVM) that took place today, in which CVM’s Collegiate decided to publish the  Letter No. 30/2017/CVM/SEP/GEA-5 (“Letter No. 30”), dated March 3, 2017,... Continue Reading →

Petrobras Announces Increase of Tender Cap and Extension of Early Tender Date and Expiration Date

01/24/2017 Petrobras Announces Increase of Tender Cap and Extension of Early Tender Date and Expiration Date Rio De Janeiro, Brazil – January 24, 2017 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) has increased the tender cap in its previously announced cash tender offers... Continue Reading →

Petrobras to invest $19 billion, has cash for two-and-a-half years: executives

Petróleo Brasileiro SA expects to spend 30 percent more in exploration, production and refining projects this year, signaling that efforts to cut debt and preserve cash are helping Brazil's state-controlled oil company regain investment capacity. Chief Executive Officer Pedro Parente told reporters at an event in Rio de Janeiro that capital spending at Petrobras (PETR4.SA)... Continue Reading →

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