Río de Janeiro, May 15, 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 Azulão Field, in the Amazonas Basin. In this project, Petrobras offers 100% of the stake in the Azulão Field (Concession BA-3), located in... Continue Reading →
Rowan scoops two Petrobras jack-up rigs for bargain price
Drilling contractor Rowan Companies has provisionally bought two Petrobras jack-up rigs for just $30 million a piece. According to a statement by Rowan, dated May 11, the company participated in a public rig auction and was the high bidder for Petrobras’ P-59 and P-60 jack-ups. The drilling contractor said that the two 2013-built LeTourneau Super... Continue Reading →
Petrobras – CARF definitive ruling regarding the deductibility of expenses in the development of production for the purposes of calculating taxable income
Rio de Janeiro, May 12, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that today was notified about the final decision in favor of the company of the Administrative Board of Tax Appeals (CARF), in a fiscal administrative proceeding related to the moment of deductibility of expenses incurred by Petrobras in the development of oil... Continue Reading →
Petrobras Presentation – 1Q 2017 Results
Please see attached presentation. PBR Presentation 1Q 2017 results
Record Petrobras operating profit speeds debt reduction
An aggressive turnaround helped Petroleo Brasileiro SA post a record operating profit in the first quarter and move ahead of schedule in reducing a debt burden that is the largest of any major oil firm. Petrobras, as the state-controlled company is known, reported net income of 4.449 billion reais ($1.42 billion), well above a consensus... Continue Reading →
Petrobras 1 Quarter Financial Report and Statements
Rio de Janeiro - May 11, 2017 - FIRST QUARTER OF 2017 RESULTS - Derived from consolidated interim financial information reviewed by independent auditors, prepared in accordance with International Financial Reporting Standards - IFRS. Please see attached PBR 1Q 2017 Fin.report PBR 1Q 2017 Fin. Statements PBR 1Q Fin. Report USD PBR 1Q Fin Statements... Continue Reading →
Petrobras has a profit of R $ 4.45 billion in the first quarter
05/11/2017 Updated at 18h38 Despite the fall in sales and revenue, Petrobras recorded a profit of R $ 4,449 billion in the first quarter of 2017, reversing a loss of R $ 1,246 billion in the same period of the previous year. In the balance sheet released on Thursday (11), the company says its... Continue Reading →
Petrobras – New divestment portfolio
Rio de Janeiro, May 10, 2017 – Petróleo Brasileiro S.A. – Petrobras, further to the material fact disclosed on 3/31/2017, informs that its Executive Board has approved the recomposition of its partnership and divestment portfolio. Among these projects, there are the sales of Pasadena Refinery and of the interest in Petrobras Oil & Gas B.V.... Continue Reading →
Petrobras includes Texas refinery, African assets in divestment plan
Wed May 10, 2017 May 10 Petróleo Brasileiro SA will include its Pasadena, Texas refinery and its African assets in a divestment plan, the Brazilian state-controlled oil company said in a Wednesday securities filing. Petrobras, as the company is known, reaffirmed its target of divesting up to $21 billion in assets by the end of... Continue Reading →
Exxon, Petrobras Said to Hold Talks on Wide-Ranging Partnership
Exxon Mobil Corp. and Petrobras have held talks on a strategic partnership that could involve multiple assets in Brazil and overseas in different segments of the industry, similar to the $2.2 billion deal signed with Total SA in December, said people familiar with the conversations. Such a deal could give Exxon access to oil fields... Continue Reading →
Brazil Energy Insight 