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 →
Petrobras to offer US dollar denominated global notes in principal amount of up to U$ 2 billion
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 →
Petrobras Pension Plan (Petros): Deficit Equating Plan
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 →
Petrobras – Pre-payment of bank debt and new financing
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 →
Petrobras Prepayment of bank debts and new financing
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 Petrobras, China Development Bank sign cooperation deal
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 →
Petrobras – Settlement of the Public Offering of Debentures with Restricted Distribution Efforts
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 →