Petro Rio S.A. ("Company" or "PetroRio") (B3: PRIO3), in accordance with art. 26 of the Novo Mercado Regulation, and in addition to the Material Fact of November 28, 2019, informs its shareholders that the country’s National Petroleum, Gas and Biofuels Agency (“ANP”) has approved the concession of the 30% interest in Frade Field, currently held... Continue Reading →
PETRORIO – PUBLIC OFFERING OF SHARES (FOLLOW-ON)
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), in compliance with the provisions of article 157, paragraph 4 of Law No. 6,406, of December 15, 1976, as amended (“Corporations Law”), Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários) (“CVM”) Rule No. 358, dated January 3, 2002, as amended, and CVM Rule No. 476, dated January 16, 2009,... Continue Reading →
Petrobras on the new pension plan (PP-3)
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on October 1, 2020, informs that the Petros Deliberative Council and the company's Board of Directors have approved a new version of the documentation for the opening of the Petros Plan 3 (PP-3) and migration process, after the conclusion by Petros of the adjustments... Continue Reading →
Oaktree, BlackRock Are Among YPF Creditors Organizing
(Bloomberg) -- Investment firms including Oaktree Capital Management and BlackRock Inc. are organizing into two groups to negotiate with YPF SA after the Argentine oil producer proposed a debt swap that would saddle them with losses, according to people familiar with the matter. BlackRock is among a consortium of experienced emerging-market investors such as Ashmore... Continue Reading →
Petrobras on amendments to the agreements with CADE
Rio de Janeiro, January 18, 2021 - Petróleo Brasileiro S.A. - Petrobras in relation to the news published in the media clarifies that the company did not sign the amendment to the Commitment Agreement (“TCC”) signed with the Administrative Council for Economic Defense (CADE) for the refining market. The draft of the amendment was approved... Continue Reading →
Premier Oil shareholders sign off on Chrysaor merger
A merger between Premier Oil and Chrysaor has been approved by Premier’s shareholders and the deal is expected to close by the end of the first quarter this year. Premier reached an agreement with Harbour’s UK operating company Chrysaor regarding a proposed all-share merger between Premier and Chrysaor and the reorganisation of Premier’s existing debt and... Continue Reading →
Transpetro: Federal Police triggers 79th Phase of Operation Lava Jato (Car Wash)
The Federal Police, in cooperation with the Federal Prosecutor's Office and the Federal Revenue Service, triggered this morning the 79th Phase of Operation Lava Jato, called “Vernissage”. About 70 federal police officers and 10 Internal Revenue Service auditors served 11 Search and Seizure warrants in Brasília / DF (2), São Luís / MA (3), Angra... Continue Reading →
TechnipFMC Resumes Plan to Split in Two
Franco-American oil services firm TechnipFMC Plc said on Thursday it resumed its plan to split itself into two, after delaying the move in March. The group, created nearly four years ago via the merger of Technip and FMC, had been planning to separate its engineering and construction activities from its upstream oil services business. However, it put the... Continue Reading →
Prosafe still working to hammer out financial solution with lenders
Offshore accommodation provider Prosafe is still working to resolve its financial situation with lenders and come up with a long-term solution for the company. Prosafe’s previous update on its talks with lenders on 1 October 2020 stated that the discussions were constructive and lenders, in general, maintained their support for the company to continue to operate on... Continue Reading →
Pacific Drilling emerges from bankruptcy
Offshore drilling contractor Pacific Drilling has completed its balance-sheet restructuring and has emerged from the Chapter 11 process. Pacific Drilling said on New Year’s Day that the company and each of its debtor affiliates emerged from bankruptcy signalling the implementation of the ‘Modified First Amended Joint Plan of Reorganization of Pacific Drilling S.A. and its... Continue Reading →
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