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 $19 billion in exploration, production and refining projects this year, above... Continue Reading →
Petrobras announces the pricing of Global Notes and increase of tender cap
Rio de Janeiro, January 9, 2017 – Petróleo Brasileiro S.A. – Petrobras announces the pricing of global notes denominated in U.S. Dollars (the “Notes”) to be issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”). The Notes will be unsecured obligations of PGF and will be fully and unconditionally guaranteed by Petrobras. Closing is... Continue Reading →
Petrobras announces offering of Global Notes and commencement of Cash Tender Offers
Rio de Janeiro, Brazil – January 9, 2017 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”), plans to offer global notes in one or more series (the “Notes”), subject to market and other conditions. The Notes will be unsecured obligations of PGF and will... Continue Reading →
Contract of Independent Audit Firm for 2017 to 2019 Fiscal Years/Petrobras
Rio de Janeiro, December 21, 2016 – Petróleo Brasileiro S.A. – Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, in a meeting held yesterday, approved hiring KPMG Auditores Independentes (KPMG) to provide independent audit services for the fiscal years from 2017 to 2019, which may be renewed for two more years. After... Continue Reading →
Petrobras – Execution of Commercial and Facility Agreements with the China Development Bank
Rio de Janeiro, December 16, 2016, Petróleo Brasileiro SA – Petrobras informs that it executed yesterday a Facility Agreement with the China Development Bank (CDB) in the amount of US$ 5 billion for a 10-year term. The Agreement is the result of the Term Sheet signed between the parties, as disclosed on February 26, 2016.... Continue Reading →
Petrobras -Amortization of bank financing with BNDES
Rio de Janeiro, November 28, 2016 - Petróleo Brasileiro S.A. - Petrobras, further to the Material Fact disclosed on November 22, 2016, informs that the amount of US$ 1.25 billion received upon the closing of the sale of the stake in the exploration block BM-S-8 to Statoil Brasil Óleo e Gás LTDA is being used... Continue Reading →
Petrobras Renews Financing with Caixa Economica Federal
Rio de Janeiro, November 16, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that it renewed today with Caixa Econômica Federal a loan in the amount of R$ 3.7 billion. The financing has a new maturity date for November 2023 and it is unsecured.
Hidden in Awful Petrobras Earnings Is a Bit of Really Good News
Petroleo Brasilerio SA rattled markets last week when it posted a surprise $4.9 billion loss. Buried in the Brazilian oil giant’s 33-page financial statement was a piece of really good news: Its debt levels have tumbled to the lowest in almost three years. While there’s still a long way to go, the $16 billion reduction... Continue Reading →