Rio de Janeiro, January 11, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that the Company’s average oil production in Brazil reached an annual historical record in 2016, at 2.144.256 barrels per day (bpd), 0.75% above the results for the prior year and in line with the 2,145 thousand bpd target forecast for the... Continue Reading →
Petrobras announces the pricing of Global Notes and increase of tender cap
Rio de Janeiro, January 9, 2017 – Petróleo Brasileiro S.A. – Petrobras announces the pricing of global notes denominated in U.S. Dollars (the “Notes”) to be issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”). The Notes will be unsecured obligations of PGF and will be fully and unconditionally guaranteed by Petrobras. Closing is... Continue Reading →
Petrobras announces offering of Global Notes and commencement of Cash Tender Offers
Rio de Janeiro, Brazil – January 9, 2017 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”), plans to offer global notes in one or more series (the “Notes”), subject to market and other conditions. The Notes will be unsecured obligations of PGF and will... Continue Reading →
UPDATE 1-Brazil’s Petrobras raises diesel prices by an average 6.1 pct
Brazilian state-controlled oil company Petróleo Brasileiro SA increased diesel prices at refineries by 6.1 percent on average with immediate effect, citing higher oil prices and a stronger real currency. According to a Thursday statement, the decision also stemmed from stronger seasonal demand for diesel as winter peaked in the northern hemisphere. For years, Petrobras kept... Continue Reading →
Clarification on News: Information on the Comperj Project
Rio de Janeiro, January 4, 2017 – Petróleo Brasileiro S.A. – Petrobras responds to Official Letter no. 1/2017/CVM/SEP/GEA-1 which requests clarifications, as follows: Official Letter no. 1/2017/CVM/SEP/GEA-1 “Dear Sir, We refer to the news published on January 1, 2017, in the newspaper O Estado de São Paulo, Primeiro Caderno section [First Section], under the headline... Continue Reading →
Closing of Petrobras Chile sale
January 4, 2017 – Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on July 22, 2016, informs that it has completed, today, the sale of 100% of Petrobras Chile Distribuición Ltda (“PCD”) to the Southern Cross Group. The cash proceeds of the transaction were US$ 470 million, of which US$ 90 million... Continue Reading →
Petrobras and Repsol Sinopec return concession of the Piracucá field
Publication in the Federal Official Gazette indicates the return by Petrobras and Repsol Sinopec do Brasil of the oil and natural gas exploration and production concession for the Piracucá field. The field, located in shallow waters of the Santos Basin, was acquired by the companies in the second round of ANP bids in 2000,... Continue Reading →
Petrobras misses two-year sale target. Blames court for blocking Karoon deal
Offshore Energy Today zoom Brazil’s state-owned oil company Petrobras has fallen $1.5 billion short of its two-year asset divestment target. The company blamed the court order blocking the sale of two fields to Australia’s Karoon for missing the target. Petrobras said on Thursday that its divestments program has chalked up a total of $13.6 billion in the... Continue Reading →
PETROBRAS TO FALL SHORT OF DIVESTMENT TARGET
Brazilian giant blames court injunction blocking the completion of Karoon deal Reuters Updated 29 Dec 2016 03:18 GMT Brazil's state-run oil company Pretrobras will still fall $1.5 billion short of its divestment target for the 2015-2016 period despite announcing the sale of ethanol and petrochemicals assets for $587 million. Even after a flurry of... Continue Reading →
Closing of Nansei Sekiyu sale
Rio de Janeiro, December 29, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that it closed yesterday (December 28), the sale of 100% of the shares in Nansei Sekiyu (“NSS”) to Taiyo Oil Company (“Taiyo”). The operation was completed through the payment of US$ 165 million made yesterday by Taiyo, after compliance with all previous... Continue Reading →
Brazil Energy Insight 