Rio de Janeiro, October 19, 2017 – Petróleo Brasileiro S.A. - Petrobras informs that the Administrative Board of Tax Appeals (CARF) issued yesterday a decision, unanimously, in favor of the company, in an fiscal administrative proceeding in the amount of R$ 7.8 billion, related to the moment of deductibility of expenses incurred by Petrobras in... Continue Reading →

The sins of the past are about to follow 80,000 active and retired Petrobras workers 18 years into the future.  That’s the time frame for a plan, nearing approval, that will trim their monthly paychecks by as much as 40 percent to keep their private pension fund solvent. The cutbacks proposed by Petroleo Brasileiro SA target a... Continue Reading →

Decision is made on improvement of liquidity, deleveraging, administrative discipline and strengthening of corporate governance By Marta Nogueira, Reuters Posted on Oct 17 2017, 12h38 Rio de Janeiro - Risk rating agency Moody's upgraded Petrobras' credit rating to Ba3, ahead of B1, and changed its outlook from positive to stable, according to a statement released on Tuesday. The... Continue Reading →

Rio de Janeiro, October 2, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that it has executed prepayment, renegotiation and new financing operations, in the total amount of US$ 6,3 billion, according to the tables below. Additionally, the company settled a financing operation with the bank BNDES, linked to the Nitrogen Fertilizer Unit III ("UFN-III"),... Continue Reading →

Rio de Janeiro, September 25, 2017 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) today announced the expiration and expiration date results of the previously announced offers to exchange (the “Exchange Offers”) by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”), relating to five series of its outstanding notes set forth in the tables... Continue Reading →

Rio de Janeiro September 18, 2017 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) today announced that its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), plans to offer (the “New Money Offer”) U.S.-dollar denominated global notes in one or more series (the “New Money Notes”), in an expected aggregate principal amount of up to... Continue Reading →

Rio de Janeiro, September 12, 2017 - Petróleo Brasileiro S.A. – Petrobras, further to the material fact disclosed on 6/23/2016, reports that it was notified by Fundação Petrobras de Seguridade Social (Petros) that its Deliberative Board has approved, in a meeting held today, the Deficit Equating Plan (PED) for the Petrobras System Petros Plan (PPSP).... Continue Reading →

Rio de Janeiro, September 12, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that, following its liability management strategy,  has executed the pre-payment of a debt with JPMorgan Chase Bank, N.A. in the amount of US$ 1.13 billion, maturing between June 2019 and March 2020. Petrobras executed simultaneously with this institution a new funding of... Continue Reading →

Rio de Janeiro, September 6, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that, following its debt portfolio management strategy, it has effected the following transactions: (i) prepayment of a NCE (Export Credit Note) of R$ 2.5 billion, issued to Caixa Econômica Federal to mature in November 2018. ii) issue of a new NCE to... Continue Reading →

Brazil’s state-run oil company, Petroleo Brasileiro SA (PETR4.SA), entered a strategic agreement with China Development Bank [CHDB.UL] on Saturday that will allow it to explore opportunities on the Chinese financial market, Valor Economico newspaper reported. The memorandum, called a “wide-ranging strategic cooperation agreement,” was signed during a visit by Brazilian President Michel Temer, the newspaper... Continue Reading →