NOVEMBER 7, 2017 / 9:45 AM / Reuters Staff SAO PAULO (Reuters) - Brazil’s state-run oil company Petroleo Brasileiro SA (PETR4.SA) said a federal court lifted an injunction related to the sale of its stakes in projects on the Iara and Lapa oil exploration areas, according to a statement on Tuesday. The injunction was blocking... Continue Reading →
Sale of 100% equity interest in Petrobras Oil & Gas B.V.: Opportunity Disclosure – Teaser
Rio de Janeiro, November 7, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that it has initiated the opportunity disclosure stage (“Teaser”) related to the sale of 100% equity interest in Petrobras Oil & Gas B.V. (“POGBV”), a joint venture formed by Petrobras (50%), BTG Pactual E&P B.V. (40%) and Helios Investment Partners (10%). Petrobras... Continue Reading →
Reuters: Petrobras asks Odebrecht to stop drillship operation after fatal accident
Brazilian oil company Petrobras has reportedly asked offshore drilling contractor Odebrecht to stop operations of the Norbe VIII drillship, on which three workers died in June after an explosion. According to a Reuters report on Tuesday, Petrobras carried out an investigation into the causes of the accident that happened on the Marlim field in June.... Continue Reading →
Developments in the class action filed against Petrobras
Rio de Janeiro, November 6, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that on November 3, 2017, the United States Court of Appeals for the Second Circuit (“Second Circuit”) granted Petrobras’s motion to stay the issuance of the mandate pending the filing of a petition for certiorari. On November 1, 2017, the Company filed... Continue Reading →
Petrobras Prepayment of bank debts, renegotiation and new financing
Rio de Janeiro, November 6, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that it has executed debt prepayment (US$ 1.28 billion), renegotiation of existing debt (US$ 1.6 billion) and new financing operation (US$ 300 million), according to the tables below. The company will continue to assess new prepayment and funding opportunities pursuant to its... Continue Reading →
Petrobras Revision of the Transfer of Rights Agreement – Surplus Volumes
Rio de Janeiro, November 6, 2017 - Petróleo Brasileiro S.A. – Petrobras clarifies, regarding the volumes in surplus to the contracted volumes in areas under the Transfer of Rights Agreement, that: 1. The Transfer of Rights Agreement, through which Petrobras acquired the right to produce up to 5 billion barrels in pre-salt areas, was signed... Continue Reading →
Engie and Pátria are among those interested in Petrobras pipeline
01/11/2017 | 08:45 France's Engie and Brazil's Pátria Investimentos are among the 20 groups interested in a controlling stake in Petrobras' pipeline network in the Northeast. Petrobras will receive the first round of non-binding proposals for a 90 percent stake in the Associated Gas Company, known as TAG, by the end of November. Other competitors... Continue Reading →
Rolls-Royce pays $25 million to Petrobras in bribery settlement
Brazilian oil giant Petrobras has received R$81 million as part of Rolls-Royce’s settlement with the Brazilian authorities related to the Lava Jato bribery scandal. Petrobras said on Monday that it received the R$81 million ($24.7M) settlement from the British company last Friday, October 27. According to multiple sources, Rolls-Royce entered into settlements with authorities in... Continue Reading →
PETROBRAS CONCLUDES WELL IN THE LIBRA FIELD
Petrobrás completed the 3BRSA1350RJS well in the Libra field in the pre-salt Santos Basin. The drilling activity was performed on a water depth of 2,098 meters, using the West Carina drill ship. In September, the oil company had already notified the National Petroleum Agency (ANP) about the discovery of hydrocarbon traces in the well.... Continue Reading →
Petrobras begins negotiation with BP towards a Strategic Alliance
Rio de Janeiro, October 31, 2017 – Petrobras informs that has signed a Letter Of Intent (LOI) with BP to jointly identify and evaluate business opportunities involving assets or ventures in Brazil and abroad, which include cooperation on upstream, downstream, gas transportation and marketing, LNG, oil trading, lubricants, aviation fuel, power generation and distribution, renewables,... Continue Reading →
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