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 →
Petrobras Announces Early Redemption Prices for Notes Due 2018
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 →
Sale of Azulão Field in Amazonas Basin: Start of the binding phase
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 →
Petrobras approves settlement with investors to end individual securities action in the United States
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 →
Petrobras – Oil and natural gas production in May
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 →
Brazil’s Petrobras cuts gasoline and diesel prices
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 →
Benthic’s PROD Aces Libra
Houston, June 14, 2017 - On Friday, February 24th Benthic Brasil Ltda., a wholly owned subsidiary of Benthic Geotech Pty Ltd, successfully completed the offshore phase of a major geotechnical site investigation on the Libra Consortium’s ultra-deepwater Libra project. Utilizing Benthic’s proprietary PROD (Portable Remotely Operated Drill) seabed founded drill rig, the fieldwork phase... Continue Reading →
Petrobras – Approval of Deputy Officer for Governance and Compliance Post
Rio de Janeiro, June 13, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that its Board of Directors approved, in a meeting held yesterday, the creation of the non-statutory position of Deputy Officer for Governance and Compliance. The measure is yet another step forward in the company’s governance system, considering that the Deputy Officer will... Continue Reading →
COMPERJ’S NATURAL GAS PROCESSING UNIT (NGPU) TENDER RESULT WILL BE ANNOUNCED IN JULY.
June 13, 2017 The result of the bidding that will complete the NGPU works of the Rio de Janeiro Petrochemical Complex (Comperj) , will be announced in July. Of the 34 foreign companies invited to participate, only four submitted proposals with the required certifications: Toyo, Fluor, Cobra and Kervi. The basic price that Petrobras has... Continue Reading →
Brazil’s Petrobras reports explosion on drill ship
Brazil's state-controlled oil company Petroleo Brasileiro SA on Friday reported an explosion on the NS 32 drill ship, which is operated by Odebrecht Óleo e Gás, a unit of Odebrecht SA, according to a statement. The explosion wounded four people, three of them with burns and one with mild injuries, according to the statement. There... Continue Reading →
Brazil Energy Insight 