05/11/2017 Updated at 18h38 Despite the fall in sales and revenue, Petrobras recorded a profit of R $ 4,449 billion in the first quarter of 2017, reversing a loss of R $ 1,246 billion in the same period of the previous year. In the balance sheet released on Thursday (11), the company says its... Continue Reading →
Cost cuts, NTS sale to boost first-quarter profit at Petrobras
Profit at Brazilian state-controlled oil firm Petróleo Brasileiro SA probably rose to the highest level in almost two years in the first quarter, benefiting from stringent cost-cutting and one-time gains from the $5.2 billion sale of a natural gas pipeline unit, analysts said on Tuesday. Net income at Rio de Janeiro-based Petrobras likely came in... Continue Reading →
BTG Pactual Commodities Conference – RJ | Nelson Silva | Chief Strategy, Organization and Management System Officer
See Attached Presentation Apresentacao-Nelson-Silva-BTG-11-04-2017 (1)
Petrobras – Annual Report on Form 20F – 2016 filed
Rio de Janeiro, April 27, 2017 - Petróleo Brasileiro S.A. – Petrobras informs that it filed its Annual Report on Form 20F for the fiscal year ended December 31, 2016 (the “2016 Annual Report”). The Form 20F is an U.S. Securities and Exchange Commission (SEC) reporting requirement and should be presented annually by all foreign... Continue Reading →
Petrobras – 1st Quarter 2017 Results Release Date
Rio de Janeiro, April 26, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that it will release its 1st quarter 2017 results on May 11, after the market is closed. Therefore, between April 27th and May 11th, the Company will be in quiet period, during which Petrobras will not be able to comment or provide... Continue Reading →
Sale Process of BM-S-8 Exploration Block, CARCARA
Rio de Janeiro, April 17, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that became aware today of the decision by the 2nd Federal District Court (Sergipe state) that granted an injunction to suspend the transfer of Petrobras’ stake in the BM-S-8 exploration block ("Carcará Field") to Statoil Brasil Óleo e Gás Ltda. and the... Continue Reading →
Bradesco’s 4th Brazil Investment Forum – Petrobras Presentation
Presentation by Pedro Parente, CEO, Petrobras Turns Around petrobras turn arounf P Parente
Petrobras – Moody’s upgrades Petrobras’ rating
Rio de Janeiro, April 10, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that the rating agency Moody’s upgraded the company’s corporate debt rating to B1 from B2 and changed the outlook to positive from stable. Moody’s highlighted the continuous improvement of Petrobras’ liquidity profile and financial metrics over the last quarters on its report,... Continue Reading →
Brazil to get data for revision of large Petrobras contract in May
Brazil's oil industry regulator ANP will submit next month the calculations to base the revision of a large contract with Petrobras known as the Transfer of Rights, the Energy Minister Fernando Coelho Filho said on Monday. The contract, through which the government exchanged in 2010 exploratory rights over some oil areas in its coast for... Continue Reading →
Moody’s upgrades Petrobras’ ratings to B1; changes outlook to positive
New York, April 10, 2017 -- Moody's Investors Service upgraded all ratings of Petroleo Brasileiro S.A. (Petrobras)'s and ratings based on Petrobras' guarantee, including the company's senior unsecured debt and corporate family rating (CFR), to B1 from B2 given lower liquidity risk and prospect of declining debt leverage. At the same time, Moody's raised the... Continue Reading →
