Shell received from IBAMA environmental license for 4D data acquisition for the Ostra field area, in Parque das Conchas, Campos Basin. The license is valid until January 31, 2018 and was being discussed with the environmental agency since 2014. The data acquisition campaign will cover a total area of 3,478.45 km2. The minimum distance from... Continue Reading →
Petrobras – Sale of 90% equity interest in TAG: Opportunity Disclosure – Teasers
Rio de Janeiro, September 5, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that it has initiated the opportunity disclosure stage (Teasers) related to the sale process of 90% of its stake in Transportadora Associada de Gás S.A. ("TAG"), a wholly-owned Petrobras subsidiary. TAG is a company that operates in the natural gas transportation sector,... Continue Reading →
Petrobras – Reduction of Significant Shareholding Interest/BlackRock
Rio de Janeiro, September 4, 2017 – Petróleo Brasileiro S.A. – Petrobras, in compliance with article 12 of CVM Instruction no. 358, dated of 1/3/2002, informs that it was notified by BlackRock, Inc. ("BlackRock") that the latter has sold preferred shares issued by the company, and as of August 31, 2017 it manages shareholding interest... Continue Reading →
Approval of the amendment to the Bylaws of Petrobras Distribuidora and its corporate restructuring
Rio de Janeiro, September 5, 2017 - Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on 8/25/2017, informs that the Shareholder’s General Meeting (SGM) of Petrobras Distribuidora S.A. (BR) approved in a meeting held on 8/31/2017, its corporate restructuring, as well as the amendment of its Bylaws. The main changes to the... Continue Reading →
Petrobras to initiate sale of Braskem
Petrobras has been working on a process, to start by the end of this year, for the sale of their participation in Braskem, the petrochemicals giant, as reported by the newspaper Valor Econômico on Monday. According to the newspaper, which cites unidentified sources, the business model will depend on a new shareholders agreement that has... Continue Reading →
Brazil’s Petrobras, China Development Bank sign cooperation deal
Brazil’s state-run oil company, Petroleo Brasileiro SA (PETR4.SA), entered a strategic agreement with China Development Bank [CHDB.UL] on Saturday that will allow it to explore opportunities on the Chinese financial market, Valor Economico newspaper reported. The memorandum, called a “wide-ranging strategic cooperation agreement,” was signed during a visit by Brazilian President Michel Temer, the newspaper... Continue Reading →
Clarification on News: Petrobras Distribuidora (BR) IPO
Rio de Janeiro, August 29, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that it received on 8/28/2017, Official Letter No. 299/2017/CVM/SEP/GEA-1, which requests the following clarification: Official Letter No. 299/2017/CVM/SEP/GEA-1 “Dear Executive Officer, I refer to the news article headlined “Oferta Inicial de Ações da BR Distribuidora deve ser feita até dezembro” [BR Distribuidora... Continue Reading →
Liquigás sale process – General Superintendence of the Administrative Council for Economic Defense (CADE) Opinion
Rio de Janeiro, August 28, 2017 - Petróleo Brasileiro S.A. – Petrobras, pursuant to the press release of 06/30/2017, informs about the progress of the process analysis by the General Superintendence (“GS”) of the Administrative Council for Economic Defense (”CADE”), regarding the sale of Liquigás Distribuidora S.A., a wholly-owned Petrobras subsidiary, to Companhia Ultragaz S.A.,... Continue Reading →
Petrobras – Settlement of the Public Offering of Debentures with Restricted Distribution Efforts
Rio de Janeiro, August 28, 2017 – Petróleo Brasileiro S.A. – Pursuant to the Material Fact dated July 26, 2017 and the press release dated August 16, 2017, Petrobras hereby informs that in August 25, 2017, the settlement of the 5th (fifth) issue of simple non-convertible unsecured debentures ("Issue" and "Debentures") in the total amount... Continue Reading →
New Chief Financial Executive Officer of Petrobras Distribuidora (BR)
Rio de Janeiro, August 28, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that the Board of Directors of its wholly-owned subsidiary, Petrobras Distribuidora S.A. (BR), approved, in a meeting held on August 25, 2017 the election of Mr. Rafael Salvador Grisolia for the position of Chief Financial Executive Officer, with a term of office... Continue Reading →
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