Rio de Janeiro, November 22, 2017 – Petróleo Brasileiro S.A. – Petrobras, persuant to the press releases disclosed on 06/30/2017 and 08/28/2017, related to the analysis of the sale of Liquigás Distribuidora SA, a wholly owned subsidiary of Petrobras, to Companhia Ultragaz SA, informs that the Administrative Council for Economic Defense ("CADE") extended the period... Continue Reading →
Petrobras Sale of Azulão Field
Rio de Janeiro, November 22, 2017 – Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact of 05/15/2017 and Press Release of 06/19/2017, informs that it has signed, today, with the company ENEVA SA, through its subsidiary Parnaíba Gás Natural SA, the contract for the assignment of the totality of its participation in the... Continue Reading →
Public offering of Petrobras Distribuidora (BR) Shares
Rio de Janeiro, November 22, 2017 - Petróleo Brasileiro S.A. – Petrobras, further to the Material Facts disclosed on 09/28/2017 and 10/16/2017, reports that it filed with the Securities and Exchange Commission of Brazil ("CVM") documents related to the secondary public offering of common shares issued by BR (“Offer”), in compliance with CVM’s requirements. The... Continue Reading →
Petrobras Oil & Gas B.V. divestment: Start of the non-binding phase
Rio de Janeiro, November 17, 2017 – Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on 11/7/2017, informs the start of the non-binding phase related to the divestment process of 100% equity interest of Petrobras Oil & Gas B.V. (“POGBV”). At this stage of the project, stakeholders who have signed the Confidentiality... Continue Reading →
Petrobras will bid three new platforms for 2018
Petrobras will launch bids for three new oil rig platforms in 2018. Petrobras president Pedro Parente reported that he has already begun the bidding process to contract a platform (FPSO) for the Búzios field in the pre -salt. In addition, two more bids will be made: one for the revitalization of the Marlim field... Continue Reading →
Petrobras Prepayment of bank debt and new financing
Rio de Janeiro, November 17, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that it has raised yesterday funds with a syndicate of commercial banks led by Standard Chartered, in the amount of US$ 1 billion. In addition to Standard Chartered, the syndicate consists of China Construction Bank, ABN AMRO Bank, Industrial and Commercial Bank... Continue Reading →
Petrobras Change in the Production Development and Technology Office
Rio de Janeiro, November 16, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that Roberto Moro, Chief Production Development and Technology Officer (CPDTO), submitted today his resignation to the post, due to his retirement. Petrobras informs that its Board of Directors approved the appointment of the Chief Human Resourses, HSE and Services Officer, Hugo Repsold... Continue Reading →
Petrobras Divestment Opportunities in Onshore Fields: Start of the non-binding phase
Rio de Janeiro, November 17, 2017 - Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on 08/28/2017, informs the start of the non-binding phase related to the full sale of its exploration, development and production rights in three sets of onshore fields (totaling 50 concessions), located in Rio Grande do Norte and... Continue Reading →
Petrobras shares sink on weak third-quarter results
Shares of Brazil’s Petroleo Brasileiro SA (PETR4.SA) plunged 7.8 percent on Tuesday a day after the state-controlled oil company reported disappointing third-quarter earnings. Read more
Petrobras Chief in a Rush to Deliver as Election Season Nears
The clock is ticking for Petrobras’ Pedro Parente. Chief executive officer since May 2016, Parente has set an aggressive agenda to solidify the state-controlled company’s finances after the twin challenges of the oil rout and a corruption scandal dealt it a near-death experience. Now, he’s rushing to finish his work before an unpredictable presidential campaign makes... Continue Reading →
