Rio de Janeiro, July 4, 2017 – Petrobras' and CNPC inform that today Mr. Pedro Parente, Petrobras’s CEO, and Mr. Wang Dongjin, Vice President of CNPC and CEO of PetroChina, signed a Memorandum of Understanding (MoU) in Beijing to structure a strategic partnership. Pursuant to this MoU, the companies agree to jointly evaluate opportunities in... Continue Reading →
Petrobras revives plan for IPO of fuel distribution unit
Petróleo Brasileiro SA (PETR4.SA) is reviving an initial public offering of fuel distribution unit BR Distribuidora to cut the Brazilian state-controlled oil company's debt and investment in low-return activities, Chief Executive Officer Pedro Parente said on Thursday. Pedro Parente said at an event in São Paulo that a proposal would be delivered for board approval... Continue Reading →
Petrobras CEO Presentation to Investors June 5, 2017
Petrobras CEO Presentation to Investors June 5, 2017 - please see attached Petrobras CEO Presentation to Investors
Petrobras will not slow down asset sales upon meeting debt targets -CEO
Mon Jun 5, 2017 - State-controlled oil company Petróleo Brasileiro SA will not slow down asset sales or debt-cutting efforts if it meets debt targets earlier than expected, Chief Executive Pedro Parente said on Monday. Petrobras plans to cut net debt to 2.5 times operating profits by 2018, down from 3.24 times in the first quarter.... Continue Reading →
Exclusive: Petrobras turnaround could yield first dividend in years in 2017
Brazil's state-controlled oil company Petrobras will pay its first shareholder dividend in three years if the company turns a profit in 2017, Chief Executive Officer Pedro Parente said on Wednesday. Parente took the helm of the world's most indebted energy company a year ago and said he is ahead of schedule with an aggressive restructuring... Continue Reading →
Petrobras’s CEO sees need to empower middle management
The head of Brazil's state-controlled oil giant Petrobras has called in an international consultancy firm to make middle management at the scandal-hit firm more proactive. Petroleo Brasileiro SA last week posted a record first-quarter operating profit but Chief Executive Pedro Parente said the company's turnaround was still far from complete and one area where the... Continue Reading →
Offshore Technology Conference (OTC) | Pedro Parente | CEO | Petrobras opportunities in a new oil & gas scenario | Houston, EUA
See attached presentation. Pedro-Parente-OTC-Houston-EUA_0
Petrobras to focus on oil E&P, alternative energy for next five years
Brazil's state-run oil company Petroleo Brasileiro SA Chief Executive Officer Pedro Parente Petróleo Brasileiro SA will focus on oil and gas exploration and production while seeking opportunities in alternative sources of energy over the next five years, as Brazil's state-controlled oil firm moves toward more profitable core segments, Chief Executive Officer Pedro Parente said on... Continue Reading →
Petrobras Adding Refineries to Asset Sales as CEO Seeks Cash
The Petrobras asset sales are far from over, and they will now include refineries. Pedro Parente, the chief executive officer on a mission to get the Brazilian oil giant back on its feet, plans to put another 40 assets on offer, worth about $42 billion, as he seeks to reduce a massive debt load and develop... Continue Reading →
Bradesco’s 4th Brazil Investment Forum – Petrobras Presentation
Presentation by Pedro Parente, CEO, Petrobras Turns Around petrobras turn arounf P Parente
Brazil Energy Insight 