Reuters Petroleo Brasilerio SA, or Petrobras, Chief Financial Officer Ivan Monteiro and Exploration and Production chief Solange Guedes spoke to reporters in Sao Paulo about the company's agreement to sell its 66 percent stake in the BM-S-8 offshore block, home to the giant Carcara field, to Norway's Statoil ASA. * Recent Petrobras asset sales an... Continue Reading →
Sale of Petrobras Argentina Completed
Rio de Janeiro, July 27, 2016 – Petróleo Brasileiro S.A. (Petrobras) announces that today it finalized the sale of its entire 67.19% stake in Petrobras Argentina (PESA), held through Petrobras Participaciones S.L. (PPSL), to Pampa Energía. The operation was completed today with the payment of US$897 million by Pampa, after all the conditions precedent in... Continue Reading →
Petrobras 2nd Quarter 2016 Results Release Date
Rio de Janeiro, July 27, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that it will release its 2nd quarter 2016 results on August 11th, after the market is closed. Therefore, between July 28th and August 11th, the Company will be in quiet period, during which Petrobras will not be able to provide clarifications or... Continue Reading →
Petrobras announces early tender results and early settlement for cash tender offers
Rio de Janeiro, Brazil – July 21, 2016 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: (NYSE: PBR) announces that holders of US$3,008,915,000 and €571,972,000 principal amount of the outstanding notes of the series set forth in the table below (all such notes, collectively, the “Old Notes” and each a “series” of Old Notes), issued... Continue Reading →
Petrobras completes US$3 billion bond sale
Rio de Janeiro, July 13, 2016 - Petóleo Brasileiro S.A (Petrobras) announces that today, through subsidiary Petrobras Global Finance B.V. (PGF), it has completed the US$3 billion bond sale on the international capital markets (called global notes). This sale constituted a reissue of securities maturing in 2021 and 2026, originally issued in May 2016. Of... Continue Reading →
Petrobras meeting with investors July 11, 2016
Petrobras CEO Pedro Parente and other Directors met with investors on July 11, 2016. Read attached presentation Reuniao-com-Investidores-Presidente-Diretores-Ingles
Petrobras announces Tender Results and Settlement of Tender Offer and Consent Solicitation
Rio de Janeiro, Brazil – July 11, 2016 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) hereby announces that holders of US$299,159,000.00, or approximately 51.87%, of the outstanding 8.375% Global Notes due 2018 (the “2018 Notes”), issued by Petrobras’s wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”), tendered their 2018 Notes at or prior to... Continue Reading →
Petrobras announces Reopening of Outstanding Series of Global Notes and Commencement of Cash Tender Offers
Rio de Janeiro, Brazil – July 7, 2016 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”), plans to offer additional notes of its 8.375% Global Notes due 2021 (CUSIP No. 71647N AP4 / ISIN No. US71647NAP42) (the “2021 Notes”) and 8.750% Global Notes due... Continue Reading →
Petrobras announces Extension of the Expiration Date, Increase of Consideration and Payment of Soliciting Dealer Fee for Offer to Purchase and Consent Solicitation
Rio de Janeiro, Brazil – June 24, 2016 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) hereby announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) is amending the terms of its previously announced offer to purchase for cash any and all of PGF’s 8.375% Global Notes due 2018 (the “2018 Notes”), and... Continue Reading →
Brazil’s Petrobras says its pension fund has $6.8 bln shortfall
Brazil's state-led oil company Petrobras said on Thursday its pension fund has 22.6 billion reais ($6.8 billion) in unfunded liabilities, a new financial burden for what is already one of world's most indebted firms. The shortfall at the country's second-largest pension fund is the latest setback to Petrobras' efforts to preserve cash needed to pay... Continue Reading →
