Rio de Janeiro, June 08, 2017 - Petróleo Brasileiro S.A. – Petrobras informs that its Executive Board approved today the execution of a Term Sheet with Andrade Gutierrez, providing for a set of integrity obligations for this company, to enable the removal of the provisional ban imposed by Petrobras since December 29, 2014, as disclosed... Continue Reading →
Petrobras – Early termination of natural gas supply contract to UTE Cuiabá
Rio de Janeiro, June 8, 2017 - Petróleo Brasileiro S.A. – Petrobras informs that it notified the company Âmbar, which belongs to the J&F economic group, of the early termination of the natural gas supply contract to the thermal power plant UTE Mário Covas (UTE Cuiabá), due to the breach of the contractual clause addressing... Continue Reading →
Petrobras sets new gas pricing policy for domestic households
State-controlled oil company Petróleo Brasileiro SA introduced on Wednesday a new natural gas pricing policy that sets lower prices for smaller quantities sold in local markets. In a securities filing, Petrobras said final prices for liquefied natural gas stored in cylinders of less than 13 kilograms and sold to Brazilian households will correspond to the... Continue Reading →
PETROBRÁS CONCLUDES ADJACENT WELL IN LIBRA
June 06, 2017 Petrobras has taken an important step in its exploration in the pre-salt layer. Petrobras completed an adjacent pioneer well in Libra, in the pre-salt of the Santos Basin. Located at a water depth of 2,252 meters. The well 4BRSA1346RJS has not yet had evidence of hydrocarbons, according to data from the National... Continue Reading →
PETROBRÁS RECEIVES NEW LICENSES FOR ALBACORA FIELD PLATFORMS
JUNE 5, 2017 Petrobras has received two new operating licenses from the Brazilian Institute of Environment and Natural Resources (Ibama). The documents were issued to regulate the environmental licensing of oil and natural gas production systems in the Albacora field, in the Campos Basin. The licenses were granted for platforms P-25 and P-31, as well as... Continue Reading →
Petrobras CEO Presentation to Investors June 5, 2017
Petrobras CEO Presentation to Investors June 5, 2017 - please see attached Petrobras CEO Presentation to Investors
Petrobras will not slow down asset sales upon meeting debt targets -CEO
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 Energy Insight 