Rio de Janeiro, October 18, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that its total oil and natural gas production in September was 2.79 million barrels of oil equivalent per day (boed), with 2.68 million boed produced in Brazil and 106 thousand boed produced abroad. The average oil production in the country was 2.17... Continue Reading →
Sins of Past to Haunt Petrobras Worker Paychecks 18 Years Into Future
The sins of the past are about to follow 80,000 active and retired Petrobras workers 18 years into the future. That’s the time frame for a plan, nearing approval, that will trim their monthly paychecks by as much as 40 percent to keep their private pension fund solvent. The cutbacks proposed by Petroleo Brasileiro SA target a... Continue Reading →
Sale process of Iara and Lapa fields to Total
Rio de Janeiro, October 17, 2017 – Petróleo Brasileiro S.A. – Petrobras, pursuant to the press release disclosed on October 11, 2017, informs that it was summoned yesterday of the decision of the 3rd Federal Court of Sergipe that granted an injunction, in a class action, establishing the suspension of the transfer of 22.5% of... Continue Reading →
Moody’s upgrades Petrobras ratings to Ba3 and stable outlook
Decision is made on improvement of liquidity, deleveraging, administrative discipline and strengthening of corporate governance By Marta Nogueira, Reuters Posted on Oct 17 2017, 12h38 Rio de Janeiro - Risk rating agency Moody's upgraded Petrobras' credit rating to Ba3, ahead of B1, and changed its outlook from positive to stable, according to a statement released on Tuesday. The... Continue Reading →
Public offering of Petrobras Distribuidora (BR) Shares
Rio de Janeiro, October 16, 2017 - Petróleo Brasileiro S.A. - Petrobras, further to the Material Fact disclosed on September 28, 2017, reports that the following were filed with the Securities and Exchange Commission of Brazil ("CVM"), on this date: 1) by Petrobras Distribuidora S.A. (BR), the request for registration as a publicly-held company pursuant... Continue Reading →
COURT AUTHORIZES PETROBRAS SALE OF CARCARÁ TO STATOIL
Oct, 2017 Petrobras won an important victory for its divestment plans. The 4th Regional Federal Court of the 5th Region (TRF), in Recife, gave the green light for the state company to sell the 66% stake in the block BM-S-8 (Carcará) to the Norwegian Statoil. The court analyzed an appeal filed by the... Continue Reading →
Petrobras – Clarification on injunction suspending the assignment of participation of the Iara and Lapa fields to Total
Rio de Janeiro, October 11, 2017 - Petróleo Brasileiro SA - Petrobras, in relation to the news published in the media, on the decision of the 3rd Federal Court of Sergipe that granted an injunction, in a popular action, determining the suspension of the assignment of 22 , 5% of Petrobras' stake in the Iara... Continue Reading →
Petrobras – PetroquímicaSuape and Citepe sale process – General Superintendence of the Administrative Council for Economic Defense (CADE) Opinion
Rio de Janeiro, October 11, 2017 - Petróleo Brasileiro S.A. – Petrobras, pursuant to the material facts disclosed on 12/28/2016 and 3/27/2017, concerning the sale process of PetroquímicaSuape and Citepe, Petrobras wholly-owned subsidiaries, to Alpek, informs that the General Superintendence of the Administrative Council for Economic Defense (CADE) published a dispatch yesterday declaring the Act... Continue Reading →
Petrobras is notified of ANP’s decision on local content in Libra
Rio de Janeiro, October 5, 2017 – Petróleo Brasileiro S.A. - Petrobras informs that, as operator of the Libra Consortium, it has been notified by the National Petroleum, Natural Gas and Biofuels Agency (ANP) of its decision on the consortium´s request for local content exemption for the items and subitems related to the platform subsystem... Continue Reading →
Petrobras – Clarification on arbitration filed by minority shareholders
Rio de Janeiro, October 04, 2017 - Petróleo Brasileiro S.A. - Petrobras, in relation to the news published in the media about the arbitration filed by minority shareholders at the Arbitration Panel of B3, clarifies that no pension fund is part of the list of claimants, and that it is a proceeding filed by a... Continue Reading →
Brazil Energy Insight 