Petrobras will receive approximately R $ 81 million from the British company Rolls-Royce, which entered into a leniency agreement with the Federal Public Prosecutor's Office (MPF) under Operation Lava Jato. The agreement provides for the full return of the net profit obtained by the company in six contracts for the supply of goods and services... Continue Reading →
Petrobras responds to Dutch lawsuit
Offshore Energy Today zoom Petrobras has responded to a lawsuit filed in Dutch court by a group of international investors against the Brazilian oil company. Earlier this week, Petrobras’ subsidiaries, Petrobras International Braspetro B.V. and Petrobras Global Finance B.V., were mentioned in a legal action filed by Stichting Petrobras Compensation Foundation, in the Court of Rotterdam,... Continue Reading →
Petrobras investors offer $5.58 bln of bonds in buyback tender
Jan 26 Investors have offered to tender a combined $5.58 billion worth of dollar- and euro-denominated global bonds as part of Brazilian state-controlled oil company Petróleo Brasileiro's $6 billion bond buyback program. Petrobras got a combined $4.89 billion worth of dollar-denominated bonds tendered and another 651 million euros ($698 million) in buyback offers from... Continue Reading →
Petrobas Minority Shareholders Committee Internal Regulations Approval
Rio de Janeiro, January 24, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors approved the Minority Shareholders Committee Internal Regulations in a meeting held today, to govern this committee’s composition and operation as well as the relationship between the committee and other bodies within the company. As disclosed to the... Continue Reading →
Petrobras’ Proved Reserves in 2016
Rio de Janeiro, January 24, 2017 – Petróleo Brasileiro S.A. - Petrobras informs the volume of its proved petroleum reserves (oil, condensate and natural gas) assessed at the end of 2016 per ANP/SPE (Brazilian National Agency of Petroleum, Natural Gas and Biofuels / Society of Petroleum Engineers) and SEC (US Securities and Exchange Commission) criteria.... Continue Reading →
Petrobras Announces Increase of Tender Cap and Extension of Early Tender Date and Expiration Date
01/24/2017 Petrobras Announces Increase of Tender Cap and Extension of Early Tender Date and Expiration Date Rio De Janeiro, Brazil – January 24, 2017 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) has increased the tender cap in its previously announced cash tender offers... Continue Reading →
International Coalition files Lawsuit in District Court of Rotterdam, The Netherlands, for Damages Caused by Alleged Corruption and Fraud Perpetrated by Petroleo Brasiliero, certain affiliates and its Executives.
International Coalition files Lawsuit in District Court of Rotterdam, The Netherlands, for Damages Caused by Alleged Corruption and Fraud Perpetrated by Petroleo Brasiliero, certain affiliates and its Executives. | Business Wire <!-- 560x292 463x224 --> /js/libs/html5shiv-printshiv.js January 24, 2017 12:01 AM Eastern Standard Time ROTTERDAM, Netherlands--(BUSINESS WIRE)--An International coalition announced today that a lawsuit was... Continue Reading →
Petrobras accepts pay raise demand, in exchange for fewer hours
Jan 18 Brazil's state-controlled oil company Petrobras said on Wednesday it accepted a demand from workers for an 8.5 percent pay raise retroactive to September, a move that could eliminate the threat of a strike. The raise, however, would depend on workers accepting possible cuts in work hours, the company said. (Reporting by Marta Nogueira;... Continue Reading →
Petrobras to appeal ruling suspending Libra platform bidding
Petróleo Brasileiro SA will appeal a court decision that suspended bidding for the lease of a first floating production, storage and offloading (FPSO) platform for the giant Libra off-shore oil field, the company said on Wednesday. The Brazilian shipbuilders association Sinaval obtained an injunction suspending the bidding process based on its argument that the auction... Continue Reading →
UPDATE 1-Petrobras closes $4 billion bond issuance
Brazil's state-controlled oil company Petrobras on Tuesday closed a $4 billion issuance of 5 and 10-year notes in international markets as part of the debt-laden company's efforts to term out upcoming maturities, it said in a statement. The order book was five and four times oversubscribed in the 5 year and 10-year tranche, respectively, with... Continue Reading →
Brazil Energy Insight 