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August 21, 2019 For Roberto Castello Branco, regime does not stimulate the efficiency of companies Petrobras President Roberto Castello Branco defended the end of the sharing regime that is mandatory for the exploration and production of oil in the pre-salt fields. According to Castello Branco, the regime does not encourage the pursuit of efficiency. According... Continue Reading →
August 20, 2019 Petróleo Brasileiro S.A. - Petrobras reports that the Administrative Board of Tax Appeals (CARF) issued today a favorable decision on an administrative tax proceeding regarding the collection of CIDE - Import tax on remittances abroad for the payment of charter contracts in the year 2013, in the approximate amount of R$ 5.1... Continue Reading →
August 16, 2019 Petróleo Brasileiro S.A. – Petrobras reports that it is one of the winning companies of the 2019 Transparency Trophy. The company was among the 10 best in Brazil in the category of publicly traded companies with revenues over R$ 5 billion. The award evaluates criteria such as the quality of the information... Continue Reading →
Aug 16, 2019 Petrobras will hold, on September 17, at 10 am, an electronic auction for the sale of ocean barges, cranes and traction machines. The sale is associated with the relentless pursuit of cost reduction and considers the lack of perspective of using this equipment in projects of the company. How to participate The... Continue Reading →
August 15, 2019 The Brazilian natural gas market is likely to grow significantly over the next few years, particularly between 2023 and 2025, with the entry of new projects in the Santos Basin, and the country needs to work to get input to market. , said the Executive Director of Petrobras Refining and Natural Gas,... Continue Reading →
Tokyo, August 15, 2019 MODEC, Inc. ("MODEC", Head Office: Chuo-ku, Tokyo; President and CEO: Yuji Kozai) is pleased to announce that an affiliate of MODEC has issued a project bond in the international capital markets outside Japan to refinance a Floating Production Storage and Offloading (FPSO) vessel chartered to the TUPI consortium led by Petróleo... Continue Reading →
August 14, 2019 Petróleo Brasileiro S.A. – Petrobras reports that today it fully prepaid a financing contract with China Development Bank (CBD) due in 2024, totaling US$ 3 billion. The company also notified CBD on the advanced payment of another loan, in the amount of US$ 5 billion and whose maturity would be in 2027,... Continue Reading →
August 14, 2019 Petróleo Brasileiro S.A. – Petrobras informs that it continuously improves its governance system, in compliance with the best market practices, with the objective of strengthening internal controls and the efficiency of the decision making process, which is fundamental in a competitive business environment. The company conducted a diagnosis, approved by the Executive... Continue Reading →
Aug 14, 2019 A study by Brazil Petroleum Studies (BPS) and Spectrum / TGS identified reservoirs with up to 450 million boe in the Pernambuco-Paraíba Basin. The volume is similar to discoveries such as Barra, in Sergipe-Alagoas (500 million boe), and Pitu, in Rio Grande do Norte (640 million boe). The analysis, which consisted of... Continue Reading →
August 14, 2019 Petrobras President Roberto Castello Branco told a hearing yesterday at the Senate Infrastructure Commission that the company will invest approximately $ 100 billion over the next 5 years. Asset divestitures, on the other hand, are expected to reach up to $ 35 billion in the period. "These are choices. You take money... Continue Reading →
