Rio de Janeiro, April 17, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that became aware today of the decision by the 2nd Federal District Court (Sergipe state) that granted an injunction to suspend the transfer of Petrobras’ stake in the BM-S-8 exploration block ("Carcará Field") to Statoil Brasil Óleo e Gás Ltda. and the... Continue Reading →
Bradesco’s 4th Brazil Investment Forum – Petrobras Presentation
Presentation by Pedro Parente, CEO, Petrobras Turns Around petrobras turn arounf P Parente
Petrobras says eased Brazil content rules could boost revenue
Wed Apr 12, 2017 The logo of state-run oil company Petrobras is pictured in the company headquarters in Vitoria, Espirito Santo, Brazil, February 10, 2017. REUTERS/Paulo Whitaker Changes to water down strict local content rules on equipment to extract deep sea oil could help Brazil's government earn 31 billion reais ($9.9 billion) worth of royalties... Continue Reading →
Petrobras Production of oil and natural gas in March
Rio de Janeiro, April 13,2017 - Petróleo Brasileiro S.A. - Petrobras informs that its total production of oil and natural gas in March was 2.74 million barrels of oil equivalent per day (boed), of which, 2.61 million boed produced in Brazil and 130,000 boed produced abroad. Average oil production in the country was 2.12... Continue Reading →
Petrobras – Moody’s upgrades Petrobras’ rating
Rio de Janeiro, April 10, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that the rating agency Moody’s upgraded the company’s corporate debt rating to B1 from B2 and changed the outlook to positive from stable. Moody’s highlighted the continuous improvement of Petrobras’ liquidity profile and financial metrics over the last quarters on its report,... Continue Reading →
Brazil to get data for revision of large Petrobras contract in May
Brazil's oil industry regulator ANP will submit next month the calculations to base the revision of a large contract with Petrobras known as the Transfer of Rights, the Energy Minister Fernando Coelho Filho said on Monday. The contract, through which the government exchanged in 2010 exploratory rights over some oil areas in its coast for... Continue Reading →
Moody’s upgrades Petrobras’ ratings to B1; changes outlook to positive
New York, April 10, 2017 -- Moody's Investors Service upgraded all ratings of Petroleo Brasileiro S.A. (Petrobras)'s and ratings based on Petrobras' guarantee, including the company's senior unsecured debt and corporate family rating (CFR), to B1 from B2 given lower liquidity risk and prospect of declining debt leverage. At the same time, Moody's raised the... Continue Reading →
Petrobras says it has no use for P-71 from the Ecovix shipyard
The situation has been critical at the Rio Grande naval complex for some time, but the horizon does not bring good news. The resumption of the construction of P-71, which was one of the local hopes, is not in Petrobras' plans, according to President Pedro Parente, who alleged "no use" for the platform -... Continue Reading →
HIGH PRESSURE OF CARCARÁ INFLUENCED SALES OF THE AREA TO STATOIL
Apr 6, 2017 The Carcará field is considered one of the jewels of the pre-salt, due to huge estimates of oil reserves, and left the hands of Petrobras recently to be controlled by the Norwegian Statoil, which bought 66% of the asset for $ 2.5 Billion, but according to the president of Petrobras, Pedro Parente,... Continue Reading →
Petrobras – Disclosure of Relevant Shareholding Position
Rio de Janeiro, April 6, 2017 – Petróleo Brasileiro S.A. – Petrobras, in compliance with article 12 of CVM Instruction no. 358, dated of 1/3/2002, reports that it was notified by BlackRock, Inc. ("BlackRock") that the latter has acquired preferred shares issued by the company and as of April 4th, 2017 it manages share interests... Continue Reading →
Brazil Energy Insight 