Rio de Janeiro, August 28, 2017 – Petróleo Brasileiro S.A. – Pursuant to the Material Fact dated July 26, 2017 and the press release dated August 16, 2017, Petrobras hereby informs that in August 25, 2017, the settlement of the 5th (fifth) issue of simple non-convertible unsecured debentures ("Issue" and "Debentures") in the total amount... Continue Reading →
Petrobras: New taxation model for the oil and gas industry
Rio de Janeiro, August 23, 2017 – Petróleo Brasileiro SA – Petrobras informs that on August 18, 2017, the Provisional Measure No. 795 was published for the oil and gas industry, in addition to Decree No. 9.128, which extended the special customs regimen for the export and import of goods intended for research activities and... Continue Reading →
Brazil extends customs perks for oil industry through 2040
(Reuters) - Brazil on Friday extended through 2040 a preferential customs regime for the oil and gas industry called Repetro, which was set to expire in 2019, as it seeks to entice investment ahead of key auctions later this year. The move was accompanied by another decree creating a special tax regime to bolster local... Continue Reading →
PETROBRAS SECOND QUARTER OF 2017 RESULTS
Rio de Janeiro - August 10, 2017 - SECOND QUARTER OF 2017 RESULTS - Derived from consolidated interim financial information reviewed by independent auditors, prepared in accordance with International Financial Reporting Standards - IFRS. Net income R$ 4,765 billion Production 2.791 Mbbl/d Adjusted EBITDA R$ 44,348 million Main financial highlights Net Income of R$ 4,765 million... Continue Reading →
Petrobras misses estimates on higher taxes; EBITDA slumps/2Q 2017
Petróleo Brasileiro SA missed second-quarter profit estimates by a large margin after joining a tax refinancing program, putting the brakes on efforts by Brazil's state-controlled oil producer to cut the largest debt burden among major global oil firms. Net income came in at 316 million reais ($99.54 million) last quarter, down from 4.449 billion reais... Continue Reading →
Petrobras – Advance payment of bank debt and new financing with The Bank of Tokyo-Mitsubishi UFJ and Banco Safra
Rio de Janeiro, August 3, 2017 – Petróleo Brasileiro S/A. – Petrobras reports that it has effected today a transaction with The Bank of Tokyo-Mitsubishi UFJ, Ltd., member of MUFG, for prepayment of debt in the amount of US$ 333 million, with expected maturity in 2018, while simultaneous hiring new financing in the amount of... Continue Reading →
Petrobras – Enrollment of debt related to Petros Plan renegotiation in the Special Program for Tax Regularization
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 →