Brought to you by Quest Offshore & Southern Cone Consultants
Brazil’s most crippling recession on record is complicating life for OPEC. The nation’s growing oil production combined with slumping domestic demand has unleashed record exports, undermining OPEC’s efforts to reverse falling prices through output cuts. Read more
23/06/201713:25 NICOLA PAMPLONA RIO DE JANEIRO, RJ (FOLHAPRESS) - Petrobras announced the contracting of the Conenge SC / Possebon consortium to complete works at Abreu e Lima Refinery facilities in Pernambuco. The refinery has been in operation since 2014 but the lack of equipment for the treatment of sulfur and other pollutants prevents it from... Continue Reading →
Petróleo Brasileiro SA (PETR4.SA) is reviving an initial public offering of fuel distribution unit BR Distribuidora to cut the Brazilian state-controlled oil company's debt and investment in low-return activities, Chief Executive Officer Pedro Parente said on Thursday. Pedro Parente said at an event in São Paulo that a proposal would be delivered for board approval... Continue Reading →
Rio de Janeiro, Brazil – June 22, 2017 - Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”), further to the announcement released in June 20, 2017, has concluded the redemption of its 2.750% Global Notes due 2018, 5.875% Global Notes due 2018 and 4.875% Global... Continue Reading →
Rio de Janeiro, June 22, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that its Executive Board, at its meeting held today, has authorized the development of studies for an Initial Public Offer (IPO) of its wholly-owned subsidiary Petrobras Distribuidora S.A. (BR), turning this a subsidiary into a company listed on the B3 stock exchange’s... Continue Reading →
Rio de Janeiro, June 20, 2017 - Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) has delivered notices to holders in connection with its redemption of the outstanding 2.750% Global Notes due 2018 (“2.750% Notes”), 5.875% Global Notes due 2018 (“5.875% Notes”) and 4.875% Global... Continue Reading →
Rio de Janeiro, June 19, 2017 - Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on 5/15/2017, informs the start of the binding phase regarding the transfer of Petrobras’ stake in the Azulão Field, in the Amazon Basin. At this stage of the project, the invitation letters are issued to potential buyers... Continue Reading →
Rio de Janeiro, June 19, 2017 – Petróleo Brasileiro S.A. – Petrobras announces that its Board of Directors approved, in a meeting held today, an agreement to settle an individual securities action brought before the U.S. federal District Court for the Eastern District of Pennsylvania by a number of funds affiliated with The Vanguard Group,... Continue Reading →
Rio de Janeiro, June 19, 2017 - Petróleo Brasileiro S.A. – Petrobras informs that its total oil and natural gas production in May was 2.80 million barrels of oil equivalent per day (boed), of which 2.68 million boed produced in Brazil and 120 thousand boed produced abroad. The average oil production in the country was... Continue Reading →
Wed Jun 14, 2017 The logo of Petrobras, state-controlled Petroleo Brasileiro SA, is seen at their President Bernardes Refinery in Cubatao, Brazil June 8, 2017. REUTERS/Paulo Whitaker Brazil's state-controlled oil company Petroleo Brasileiro SA reduced on Wednesday its average prices at refineries by 2.3 percent for gasoline and 5.8 percent for diesel, the company said... Continue Reading →
Brazil Energy Insight 