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 →

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 →

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 →

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 →

Rio de Janeiro, August 28, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that it has initiated the opportunity disclosure stage (Teasers) 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 Bahia states, as per the... Continue Reading →

Rio de Janeiro, August 25, 2017 - Petróleo Brasileiro S.A. - Petrobras informs that its Board of Directors approved the corporate restructuring of its wholly-owned subsidiary, Petrobras Distribuidora S.A. (BR), which will involve the following operations: 1. Capital contribution of Petrobras to BR, in the amount of approximately R $ 6.3 billion; 2. Corporate spin-off... Continue Reading →

Rio de Janeiro, August 23, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that its Board of Directors, in a meeting held today, analyzed the decision by the  Public Ethics Committee of the President of the Brazilian Republic (“CEP”) to issue a warning to the Chief Governance and Compliance Executive Officer (“GCEO”), João Adalberto Elek... Continue Reading →