Rio de Janeiro, May 3, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that Decree 9.041/2017 entered in force yesterday, regulating Law 12.351/2010, on Petrobras’ preferential rights to act as operator in consortium for the exploration and production of blocks under the production sharing regime. In its original wording, Law 12.351/2010 defined Petrobras as the... Continue Reading →
Sale Process of BM-S-8 (CARCARA) Exploration Block
Rio de Janeiro, May 2, 2017 – Petróleo Brasileiro S.A. – Petrobras, further to the material fact disclosed on 04/17/2017, reports that the President of the Federal Regional Court of the 5th Region suspended today the injunction ordering to interrupt the transfer of Petrobras’ stake in the BM-S-8 exploration block ("Carcará Field") to Statoil Brasil... Continue Reading →
Innovation and increased efficiency in the Libra Field
Rio de Janeiro, May 2, 2017 – Petróleo Brasileiro S.A. – Petrobras reports on innovations and efficiency gains related to the Libra Field. The intense collaboration between Libra area partners in the pursuit of the technologies necessary to maximize the value of the project has already allowed to reduce the break-even price of the venture... Continue Reading →
Petrobras to focus on oil E&P, alternative energy for next five years
Brazil's state-run oil company Petroleo Brasileiro SA Chief Executive Officer Pedro Parente Petróleo Brasileiro SA will focus on oil and gas exploration and production while seeking opportunities in alternative sources of energy over the next five years, as Brazil's state-controlled oil firm moves toward more profitable core segments, Chief Executive Officer Pedro Parente said on... Continue Reading →
Petrobras Adding Refineries to Asset Sales as CEO Seeks Cash
The Petrobras asset sales are far from over, and they will now include refineries. Pedro Parente, the chief executive officer on a mission to get the Brazilian oil giant back on its feet, plans to put another 40 assets on offer, worth about $42 billion, as he seeks to reduce a massive debt load and develop... Continue Reading →
BTG Pactual Commodities Conference – RJ | Nelson Silva | Chief Strategy, Organization and Management System Officer
See Attached Presentation Apresentacao-Nelson-Silva-BTG-11-04-2017 (1)
SCHLUMBERGER TO PROVIDE LIBRA FIELD SOFTWARE
April 26, 2017 Schlumberger has won a major contract in Brazil and will provide software for exploration and production in the Libra field, as well as related services. The agreement with the consortium of Libra, formed by Petrobras, Royal Dutch Shell, Total, CNOOC and CNPC, will last five years. The contract includes the supply of... Continue Reading →
Petrobras – Annual Report on Form 20F – 2016 filed
Rio de Janeiro, April 27, 2017 - Petróleo Brasileiro S.A. – Petrobras informs that it filed its Annual Report on Form 20F for the fiscal year ended December 31, 2016 (the “2016 Annual Report”). The Form 20F is an U.S. Securities and Exchange Commission (SEC) reporting requirement and should be presented annually by all foreign... Continue Reading →
Petrobras – 1st Quarter 2017 Results Release Date
Rio de Janeiro, April 26, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that it will release its 1st quarter 2017 results on May 11, after the market is closed. Therefore, between April 27th and May 11th, the Company will be in quiet period, during which Petrobras will not be able to comment or provide... Continue Reading →
Petrobras divestment – LNG terminal Pecem/Ceara
Petrobras President Pedro Parente and Ceará Governor Camilo Santana met at the company's headquarters in Rio de Janeiro to discuss the possibilities of investing in the Pecem port regasification terminal and storage tanks for oil derivatives. According to the governor, several companies have already contacted the state expressing interest in analyzing the potential of these... Continue Reading →
