Mon Jun 5, 2017 - State-controlled oil company Petróleo Brasileiro SA will not slow down asset sales or debt-cutting efforts if it meets debt targets earlier than expected, Chief Executive Pedro Parente said on Monday. Petrobras plans to cut net debt to 2.5 times operating profits by 2018, down from 3.24 times in the first quarter.... Continue Reading →
Petrobras – Request for certification in the Corporate Governance Program for State-Owned Companies and studies for joining the special listing segment Level 2 of B3
Rio de Janeiro, June 05, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that, after promoting, in the last months, a series of measures to improve its corporate governance, requested B3 (former BMF&BOVESPA), last Friday, June 02, for its certification in the scope of the Corporate Governance Program for State-Owned Companies (“Program”). For the intended... Continue Reading →
PETROBRÁS STARTS DRILLING OF TWO NEW WELLS
Jun. 2 , 2017 Petrobras kicked off the drilling of two wells, one offshore and another onshore. The first is located in the Campos Basin in the Marlim Sul field. The drilling is being done by the Norbe IX rig, which belongs to Odebrecht. The well, which bears the technical name of 6BRSA1349RJS, is in... Continue Reading →
Petrobras – Pre-payment of bank debt with Itaú
Rio de Janeiro, June 2, 2017 - Petróleo Brasileiro S.A. – Petrobras informs that has executed today the pre-payment of an Export Credit Note with Banco Itaú, in the amount of R$ 1 billion and maturity in 2020. Petrobras will continue to assess new funding opportunities according to its liability management strategy, which aims to... Continue Reading →
Brazil’s Petrobras says political turmoil unlikely to affect asset sales
Brazil's state-controlled oil company Petroleo Brasileiro SA does not expect political turmoil caused by a massive corruption investigation to affect its asset sales and debt reduction program, Chief Executive Officer Pedro Parente said Thursday. The Petrobras CEO also said the company will not stop deleveraging once the target of 2.5 times EBITDA is reached. He... Continue Reading →
Petrobras – R$ 7 billion financing transaction with Banco do Brasil
Rio de Janeiro, June 1st, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that it has executed today a financing transaction with Banco do Brasil, as an Export Credit Note (ECN) modality, in the amount of R$ 7 billion, with maturity in 2022. Simultaneously, the company prepaid ECNs in the amount of R$ 6 billion,... Continue Reading →
Petrobras – Legal proceedings related to Petros Plan
Rio de Janeiro, June 01, 2017 – Petrobras informs that the Federal Court recognized, in a first instance decision, the deductibility in the tax basis of the Corporate Income Tax and the Social Contribution on Net Profits of expenses related to the renegotiation of Petros Plan. However, such deduction would be limited to 20% of... Continue Reading →
Petrobras – Inclusion of Debts in the Tax Regularization Program
Rio de Janeiro, June 1, 2017 – Petrobras informs that it requested the inclusion of tax debts in the Tax Regularization Program (Programa de Regurarização Tributária) created by Provisional Measure 766/2017 and governed by Normative Instruction of the Brazilian Federal Revenue Service No. 1.687/2017 and National Treasury Attorney's Office Ordinance No. 152/2017. Enrollment in this... Continue Reading →
INVESTORS ASK FOR REIMBURSEMENT OF R $ 4.475 BILLION FOR LOSSES WITH SETE BRASIL
MAY 31, 2017 Sete Brasil has been in judicial disputes between shareholders for some time as a result of the Lava Jato's revelations, the drop in the price of oil, and the cutback in Petrobrás investments, but now the dispute has advanced a notch. The investors of the company have filed a request for international arbitration... Continue Reading →
BW OFFSHORE AND PETROBRAS NEGOTIATE FIELD WHERE FPSO CITY OF SÃO MATEUS WILL OPERATE
May 30, 2017 BW Offshore is still in discussions with Petrobras to decide which field will be the final destination of the FPSO Cidade de São Mateus when the unit, which suffered an explosion in 2015, is again in operation. At the time of the tragedy, which made nine fatalities, the platform ship was... Continue Reading →
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