Brazil’s President Michel Temer said on Wednesday state-run oil company Petroleo Brasileiro (PETR4.SA), a symbol of national sovereignty, would stay in public hands even as his government makes an aggressive privatization push. Temer, speaking at a Reuters Newsmaker event in New York, also said that sprawling investigations that have led to corruption charges against scores... Continue Reading →
Petrobras to offer US dollar denominated global notes in principal amount of up to U$ 2 billion
Rio de Janeiro September 18, 2017 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) today announced that its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), plans to offer (the “New Money Offer”) U.S.-dollar denominated global notes in one or more series (the “New Money Notes”), in an expected aggregate principal amount of up to... Continue Reading →
Petrobras Oil and natural gas production in August
Rio de Janeiro, September 15, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that its total oil and natural gas production in August was 2.72 million barrels of oil equivalent per day (boed), 2.61 million boed of which produced in Brazil and 107 thousand boed produced abroad. The average oil production in the country was... Continue Reading →
Petrobras approves settlement with investors to end individual securities action in the United States
Rio de Janeiro, September 13, 2017 – Petróleo Brasileiro S.A. – Petrobras announces that its Board of Directors approved today an agreement to settle an individual securities action brought before the U.S. federal District Court for the Southern District of New York, by a number of funds affiliated with Discovery Global Citizens Master Fund, Ltd.... Continue Reading →
New Composition of Petrobras’ Minority Shareholders Committee
Rio de Janeiro, September 13, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that at a meeting held today its Board of Directors appointed Board Member Durval José Soledade Santos to compose the Minority Shareholders Committee in place of Mrs. Lavínia Rocha de Hollanda, who is no longer a member of this Committee due to... Continue Reading →
Petrobras Pension Plan (Petros): Deficit Equating Plan
Rio de Janeiro, September 12, 2017 - Petróleo Brasileiro S.A. – Petrobras, further to the material fact disclosed on 6/23/2016, reports that it was notified by Fundação Petrobras de Seguridade Social (Petros) that its Deliberative Board has approved, in a meeting held today, the Deficit Equating Plan (PED) for the Petrobras System Petros Plan (PPSP).... Continue Reading →
Petrobras – Pre-payment of bank debt and new financing
Rio de Janeiro, September 12, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that, following its liability management strategy, has executed the pre-payment of a debt with JPMorgan Chase Bank, N.A. in the amount of US$ 1.13 billion, maturing between June 2019 and March 2020. Petrobras executed simultaneously with this institution a new funding of... Continue Reading →
USE OF STEEL UMBILICALS STUMBLES ON THE TECHNOLOGY AGAINST THE HIGH CORROSION IN LIBRA
Sep 12, 2017 Petrobrás can only use steel umbilicals in the operations of the pilot in Libra. The imperative reason is the corrosive result caused by H2S and CO2 found in the oil, extremely corrosive not only for flexible risers but also for umbilicals. This will also require an adaptation of the possible suppliers,... Continue Reading →
Petrobras Day | CEO Pedro Parente | London
Please see the attached presentation delivered by Petrobras CEO, Pedro Parente, in London recently. Book-Petrobras-Day -London-2017_0
Sembcorp Marine wins further hull work on Petrobras FPSO
Offshore rig builder Sembcorp Marine has secured hull carry over works from Tupi B.V. for the FPSO P-68 Tupi project in Brazil. Sembcorp Marine said on Monday that the contract was secured through its Brazilian subsidiary, Estaleiro Jurong Aracruz (EJA), and it was worth worth about $145 million. Tupi B.V. had in 2012 awarded EJA... Continue Reading →
Brazil Energy Insight 