Tue Sep 27, 2016 | Reuters Chief Executive of Brazil's state-run oil company Petroleo Brasileiro SA Pedro Parente says: * Plans to reduce company debt load rapidly * Company will only gain from ending regulatory requirement it be operator in all subsalt fields * Expects regulatory changes from government within months that will stimulate new... Continue Reading →
Petrobras Streamlines Business to Survive Graft Probe, Oil Bust
The combined shock of low oil prices and Brazil’s biggest corruption scandal is changing state-controlled oil producer Petroleo Brasileiro SA. The company, based in Rio de Janeiro, is abandoning a state-development model pursued during 13 years of control under the Workers’ Party where the government shifted profits to side industries to create jobs and... Continue Reading →
Strategic Plan and Business and Management Plan 2017-2021 Presentation
Rio de Janeiro, September 20, 2016 – Petróleo Brasileiro S.A. – Petrobras announces that its Board of Directors approved, at a meeting held yesterday, the new Strategic Plan and the Business and Management Plan 2017-2021. The Strategic Plan and Business and Management Plan were drawn up in an integrated manner and had the direct involvement... Continue Reading →
Petrobras wants to contract platform outside of Brazil to be installed in the Libra area
Petrobras wants to contract platform outside of Brazil to be installed in the Libra area, the big bet on the pre-salt Santos Basin. The company requested the National Agency of Petroleum (ANP), the release of the obligation to hire Brazilian suppliers for the construction of the vessel, with the argument that prices in Brazil are... Continue Reading →
Petrobras – Strategic Plan and 2017-2021 Business and Management Plan
Click below for complete Strategic Plan and 2017/2021 Business and Management Plan. petrobras-2017-2021-english
Petrobras Slashes Business Plan 25 Percent to $74 Billion
Petroleo Brasileiro SA reduced investments by 25 percent and is accelerating asset disposals in its latest business plan as it downsizes to withstand low international oil prices amid Brazil’s deepest two-year recession on record. The 2017-2021 plan, the first drafted under Chief Executive Officer Pedro Parente, focuses on accelerating debt reduction and retreating from peripheral... Continue Reading →
Petrobras – Webcast Invitation Strategic Plan and 2017-2021 Business and Management Plan
09/19/2016 Petrobras would like to invite investors and analysts for the conference call/webcast of the new Strategic Plan and the 2017-2021 Business and Management Plan, with broadcast in Portuguese and simultaneous translation to English, according to the times below: http://www.investidorpetrobras.com.br/en/press-releases/webcast-invitation-strategic-plan-and-2017-2021-business-and-management-plan September 20, 2016 (Tuesday) 12:30 pm (Brasília) 11:30 am (New York) 4:30 pm (Londres)
Petrobras expected to cut investment, output in 2017-21 plan
Brazil's heavily indebted state-led oil company Petrobras will likely cut planned investment by about a sixth and its 2020 output goal by 14 percent under a five-year strategic plan scheduled for release Tuesday before markets open, according to analysts. Petroleo Brasileiro SA, as the company is formally known, is expected to announce a 2017-2021 capital... Continue Reading →
Fitch Downgrades Rio Oil Finance Trust Notes to ‘B’; Outlook Remains Negative
September 02, 2016 CHICAGO & SAO PAULO--(BUSINESS WIRE)--Fitch Ratings has downgraded the series 2014 notes issued by Rio Oil Finance Trust as follows: --USD2 billion series 2014-1 notes to 'B' from 'BB-'; --BRL 2.4 billion series 2014-2 special indebtedness to 'BB+ sf (bra)' from 'Asf (bra)'; --USD1.1 billion series 2014-3 notes to 'B' from... Continue Reading →
Petrobras Result Announcement 2Q 2016
Petrobras announcement presentation 2Q 2016 Webimar and Excel Presentaion Petrobras presentation 2Q2016 PBR RMF 2Q-2016-Excel presentaion
Brazil Energy Insight 