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 →
Standard & Poor’s improves Petrobras’ rating
Rio de Janeiro, February 10, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that credit rating agency Standard & Poor’s announced that it raised the rating for the Company’s corporate debt to 'BB-' from 'B+' and altered its outlook to stable from negative. The agency noted on its report that the improvement in Petrobras’ rating... Continue Reading →
Petrobras investors offer $5.58 bln of bonds in buyback tender
Jan 26 Investors have offered to tender a combined $5.58 billion worth of dollar- and euro-denominated global bonds as part of Brazilian state-controlled oil company Petróleo Brasileiro's $6 billion bond buyback program. Petrobras got a combined $4.89 billion worth of dollar-denominated bonds tendered and another 651 million euros ($698 million) in buyback offers from... Continue Reading →
Petrobras Announces Increase of Tender Cap and Extension of Early Tender Date and Expiration Date
01/24/2017 Petrobras Announces Increase of Tender Cap and Extension of Early Tender Date and Expiration Date Rio De Janeiro, Brazil – January 24, 2017 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) has increased the tender cap in its previously announced cash tender offers... Continue Reading →
Petrobras – U$ 42 billion in assets that can be sold
12/01/2017 According to the company's chief financial officer, Ivan Monteiro, Petrobras has a portfolio of assets of U$ 42 billion that can be sold. The amount includes US $ 1.5 billion the unfulfilled part of the divestiture plan for the period 2015/2016, whose goal was to sell US $ 15.1 billion, but closed at... 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 →
CORRECTED-Petrobras to invest $19 bln in 2017, sees cash enough for 2 1/2 years
Reuters Wed Jan 11, 2017 | 8:28am EST CORRECTED-Petrobras to invest $19 bln in 2017, sees cash enough for 2 1/2 years (Corrects to say 2017 instead of 2019 in headline, paragraph 1) RIO DE JANEIRO Jan 11 Petróleo Brasileiro SA expects to spend $19 billion in exploration, production and refining projects this year, above... Continue Reading →
Petrobras announces the pricing of Global Notes and increase of tender cap
Rio de Janeiro, January 9, 2017 – Petróleo Brasileiro S.A. – Petrobras announces the pricing of global notes denominated in U.S. Dollars (the “Notes”) to be issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”). The Notes will be unsecured obligations of PGF and will be fully and unconditionally guaranteed by Petrobras. Closing is... Continue Reading →
Petrobras announces offering of Global Notes and commencement of Cash Tender Offers
Rio de Janeiro, Brazil – January 9, 2017 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”), plans to offer global notes in one or more series (the “Notes”), subject to market and other conditions. The Notes will be unsecured obligations of PGF and will... Continue Reading →
Contract of Independent Audit Firm for 2017 to 2019 Fiscal Years/Petrobras
Rio de Janeiro, December 21, 2016 – Petróleo Brasileiro S.A. – Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, in a meeting held yesterday, approved hiring KPMG Auditores Independentes (KPMG) to provide independent audit services for the fiscal years from 2017 to 2019, which may be renewed for two more years. After... Continue Reading →