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 →
Petrobras – Reduction of Significant Shareholding Interest
Rio de Janeiro, May 19, 2017 – Petróleo Brasileiro S.A. – Petrobras, in compliance with article 12 of CVM Instruction no. 358, dated of 1/3/2002, informs that it was notified by BlackRock, Inc. ("BlackRock") that the latter has sold preferred shares issued by the company, and as of May 18, 2017 it manages shareholding interest... Continue Reading →
Libra Platform arrives in Brazil; First oil in TLD is planned for July
The FPSO Pioneiro de Libra that is expected to start producing oil in July on a Long Term Test (TLD) in one of the largest deposits in Brazil, arrived in the Brazilian territory on Wednesday night, OOGTK said. The arrival of the FPSO, a type of ship used by the oil industry for production, storage... Continue Reading →
Petrobras – Production of oil and natural gas in April
Rio de Janeiro, May 17, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that its total production of oil and natural gas in April was 2.72 million barrels of oil equivalent per day (boed), of which 2.60 million boed produced in Brazil and 120,000 boed produced abroad. The average oil production in the country was... Continue Reading →
Petrobras – Beginning of the production of platform P-66 at Lula Field, in the Santos Basin pre-salt
Rio de Janeiro, May 17, 2017 – Petróleo Brasileiro S.A. – Petrobras and its partners in the BM-S-11 Consortium started today the production of oil and natural gas in the area of Lula Sul, at the Santos Basin pre-salt, through platform P-66, first FPSO owned by the consortium and seventh unit of Lula field. Located... Continue Reading →
Exclusive: Petrobras turnaround could yield first dividend in years in 2017
Brazil's state-controlled oil company Petrobras will pay its first shareholder dividend in three years if the company turns a profit in 2017, Chief Executive Officer Pedro Parente said on Wednesday. Parente took the helm of the world's most indebted energy company a year ago and said he is ahead of schedule with an aggressive restructuring... Continue Reading →
Petrobras – Clarification on preemptive right in the pre-salt layer
Rio de Janeiro, May 16, 2017 – Petróleo Brasileiro S.A. – Petrobras, in relation to the reports in the media about Petrobras’ preferential rights to act as operator in the areas offered in auctions for exploration and production in the pre-salt layer, clarifies that its technical staff is evaluating the possibility and the interest of... Continue Reading →
At the request of TCU, Petrobras changes rules for divestitures
05/16/2017 Petrobras announced on Tuesday the new rules of its program of partnerships and divestments, which had been suspended by determination of the TCU (Court of Audit of the Union). The first test will be the sale of the Azulão gas field in Amazonas, announced on Monday night (15). Following a recommendation from TCU, the state-owned company tries to give... Continue Reading →
Petrobras’s CEO sees need to empower middle management
The head of Brazil's state-controlled oil giant Petrobras has called in an international consultancy firm to make middle management at the scandal-hit firm more proactive. Petroleo Brasileiro SA last week posted a record first-quarter operating profit but Chief Executive Pedro Parente said the company's turnaround was still far from complete and one area where the... Continue Reading →
