Rio de Janeiro, July 26, 2017 – Petróleo Brasileiro S.A. – Petrobras, pursuant to the material fact of June 30, 2017, reports that its Board of Directors approved today the inclusion in the Special Program for Tax Regularization (Programa Especial de Regularização Tributária – “PERT”),, established by Provisional Measure no. 783 of May 31, 2017,... Continue Reading →
Petrobras – Public Offering of Debentures with Limited Distribution Efforts
Rio de Janeiro, July 26, 2017 - Petróleo Brasileiro S.A. – Petrobras, in compliance with the provisions of Instruction no. 358, of January 3, 2002, by the Securities and Exchange Commission of Brazil ("CVM"), reports that its Board of Directors has approved, in a meeting held today, the 5th (fifth) issue of simple, nonconvertible, unsecured... Continue Reading →
Brazil’s Petrobras sees $1.9 billion hit to second quarter results from tax debits
SAO PAULO (Reuters) - Brazilian state-run oil company Petrobras said on Wednesday that its second-quarter results will be hit by a 6 billion reais ($1.9 billion) charge to include debits from changes to a pension fund scheme in its tax normalization program. Petroleo Brasileiro SA said in a filing that it will make a total... Continue Reading →
Petrobras 2nd Quarter 2017 Results Release Date
Rio de Janeiro, July 25, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that it will release its 2nd quarter 2017 results on August 10, 2017 after the market is closed. Therefore, between 07/26/2017 and 08/10/2017, the Company will be in quiet period, during which it will not be able to comment or provide clarifications... Continue Reading →
Petrobras respects minority shareholders again: board member
Minority shareholders of Brazilian state oil giant Petroleo Brasileiro are respected again under the leadership of Chief Executive Pedro Parente, and management is on the same page, a company board member said. Marcelo Mesquita, who has represented holders of common shares on Petrobras' board for almost a year, said that investors are now certain that... Continue Reading →
Brazil’s Petrobras has recovered $227 million from Operation Car Wash
JULY 19, 2017 RIO DE JANEIRO (Reuters) - Brazilian state-controlled oil company Petroleo Brasileiro said on Wednesday it has recovered 716 million reais ($227.24 million) through Operation Car Wash, an investigation into the country's largest-ever corruption scheme. The probe uncovered kickbacks from executives to powerful politicians in return for contracts at state-run enterprises, especially Petrobras,... Continue Reading →
Brazil approves long-term tests at Petrobras Libra platform
JULY 18, 2017 / 6:30 PM SAO PAULO (Reuters) - Brazil's environmental agency Ibama has issued an operating license for long-term tests at the Pioneiro de Libra floating platform operated by Petroleo Brasileiro SA , according to a statement on the agency's website on Tuesday. The license was issued on condition that the operators of... Continue Reading →
Start of negotiations to revise the Braskem Shareholder’s Agreement
Rio de Janeiro, July 18, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that it has begun negotiations with Odebrecht S.A. to promote the revision of the terms and conditions of the Braskem S.A. Shareholder's Agreement, celebrated on February 8, 2010. This revision aims to improve Braskem’s corporate governance and the corporate relationship between the... Continue Reading →
Petrobras – Oil and natural gas production in June
Rio de Janeiro, July 17, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that its total oil and natural gas production in June was 2.81 million barrels of oil equivalent per day (boed), of which 2.70 million boed produced in Brazil and 113 thousand boed produced abroad. The average oil production in Brazil was 2.20... Continue Reading →
Petrobras – Decision of CVM Collegiate in favour of Petrobras on the application of Hedge Accounting
Rio de Janeiro, July 11, 2017 – Petróleo Brasileiro S.A. – Petrobras, pursuant to the material fact published on March 7, 2017, hereby reports that at a meeting held today, the Collegiate of the Securities and Exchange Commission of Brazil ("CVM"), upheld the appeal filed by the company in relation to Letter No. 30/2017/CVM/SEP/GEA-5. The... Continue Reading →
Brazil Energy Insight 