May 25 Brazil's state-controlled oil company Petróleo Brasileiro SA will exercise its preferential rights in two offshore pre-salt oil auctions scheduled for this year, the company said in a statement on Thursday. Petrobras, as the company is known, said it will exercise its rights to explore an area adjacent to the Sapinhoá field, as well... Continue Reading →
Petrobras – Legal Decision on the Transfer of Rights Process in Shallow Water Concessions
Rio de Janeiro, May 24, 2017 - Petróleo Brasileiro S.A. – Petrobras, further to the material fact disclosed on 1/23/2017, reports that it was formally notified today of the decision by the 3rd Federal District Court of Sergipe to dismiss without prejudice the popular interest suit to suspend the process of transfer of oil and... Continue Reading →
Petrobras will announce today, where it will exercise pre-salt preference
Petrobras will announce today which areas it will exercise preemptive rights in the next rounds of bidding for oil and gas areas in the pre-salt layer, according to a source close to the company. The company has already selected the areas, after studying the offers of the second and third rounds of the pre-salt, scheduled... Continue Reading →
Brazil’s Petrobras sees higher oil exports as presalt fields develop
Wed May 24, 2017 A man walks past the Brazil's state-run Petrobras oil company headquarters in Rio de Janeiro, Brazil April 13, 2017. REUTERS/Ricardo Moraes Brazilian government-controlled Petroleo Brasileiro SA expects higher oil exports this year than initial projections, Guilherme França, executive manager of trade and marketing, said Wednesday. Petrobras expects oil exports to reach... Continue Reading →
Petrobras Announces Redemption of Three Series of Notes
Rio de Janeiro, Brazil – May 23, 2017 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) has delivered notices of redemption to the holders 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 →
Greenpeace says Total underestimated drilling risks near Amazon reef
French oil and gas company Total and other energy majors should abandon plans to drill close to the mouth of Brazil's Amazon because of potential risks to the ecosystem of the area, environmental campaigner Greenpeace said on Wednesday. Greenpeace said an analysis of Total's environmental assessment of its planned drilling, underestimated the risks of drilling... Continue Reading →
Sale of Juruá Field in Solimões Basin: Disclosure of the Teaser
Río de Janeiro, May 22, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that it has started the disclosure phase of the Teaser regarding the transfer of Petrobras’ stake in the Juruá Field, in the Solimões Basin. In this project, Petrobras offers 100% of the stake in the Juruá Field (Concession Juruá), located in Amazonas... Continue Reading →
Petrobras – Pre-payment of bank debt and new financing
Rio de Janeiro, May 23, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that has executed the pre-payment of a debt with Citibank, N.A. in the amount of US$ 500 million and maturity in 2017 and 2018. Petrobras executed simultaneously with this institution a new funding in the same amount, with maturity in 2022 and... Continue Reading →
Petrobras Issues US$ 4 billion in Global Notes
Rio de Janeiro, May 22, 2017 – Petróleo Brasileiro S.A. - Petrobras announces that it has closed today a US$ 4 billion issuance of 2022, 2027 and 2044 notes in the international capital markets. The notes were reopened by Petrobras’ wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) and constitute general senior unsecured and unsubordinated obligations... Continue Reading →
ANP CANCELS NEW REVIEW OF THE PAPA-TERRA DEVELOPMENT PLAN
May 19th, 2017 The National Petroleum Agency (ANP) has released Petrobras to present a new revision of the Papa-Terra Field Development Plan in the Campos Basin. Initially, the state company had until July 31 to present the review, which should encompass the updating of the geological and simulation models, as well as the presentation of... Continue Reading →
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