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RIO DE JANEIRO, BRAZIL – FEBRUARY 9, 2017 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that holders of US$4,899,100,000 and €631,753,000 principal amount of the outstanding notes of the series set forth in the table below (all such notes, collectively, the “Old Notes” and each a “series” of Old Notes), issued by... Continue Reading →
02/09/2017 ANP will open today a “Public Consultation” to collect data to analyze the request of exemption of compliance of local content (waiver) for the FPSO of Libra. The consultation will last 30 days, counting from the publication in the Official Gazette of the Union. Contributions can be sent to the address isencao02@anp.gov.br. The... Continue Reading →
Amid the discussions of the local content policy for the Brazilian oil sector, Petrobras decided to contract in China the anchoring systems for the onerous assignment platforms of the pre-salt, which involves the set of fields granted by the government in 2010 In exchange for Petrobras shares. Brazilian competitor Brasil Amarras has started judicial... Continue Reading →
06/02/2017 Petrobras Agency The FPSO P-66 left the Brasfels Shipyard, in Angra dos Reis (RJ). The P-66, which will be based in the Lula field, Lula Sul module in the pre-salt Santos Basin, is expected to reach the field in the next few days. The beginning of the operation of the production system unit will... Continue Reading →
Despite making progress, Petrobras remains highly leveraged and likely to rely on external financing to refinance maturities, according to a report by rating agency Fitch Ratings. "While Petrobras has reported very positive progress in its divestment plan, achieving its 2018 deleveraging targets can be challenging. Petrobras' business plan aims to significantly reduce net debt to... Continue Reading →
The Brazil Antitrust Authority approved, without restrictions, the purchase by BP Energy of 65% participation of Block C-M-535, located in the Campos Basin, from Petrobras. BP already held a 35% participation of the block. BP participates in 17 oil concessions in Brazil, onshore and offshore. Sale still needs to be approved by the ANP, the... Continue Reading →
Rio de Janeiro, February 3, 2017 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter No. 114/2017-SAE/GAE 2, which requests the clarifications below: Official Letter No. 114/2017-SAE/GAE 2 "Dear Sirs, In an article published by the newspaper Valor Econômico on 02/03/2017, there is among other information, the following: 1. Petrobras, partner with the... Continue Reading →
Rio de Janeiro, February 3, 2017 – Petróleo Brasileiro S.A. – Petrobras, further to the material fact disclosed on December 28, 2016, informs that the sale transaction of the full interests held by its wholly-owned subsidiary Petrobras Biocombustível S.A. (“PBIO”) in Guarani S.A. (“Guarani”) was concluded today. The transaction was concluded upon the payment of... Continue Reading →
Petroleo Brasileiro SA remains undecided about the sale of some refineries, a sign Brazil's state-controlled oil company might be leaning toward forming partnerships by offering stakes in some of them, a person with direct knowledge of the matter said on Thursday. The person said Boston Consulting Group Inc had been analyzing potential scenarios for the... Continue Reading →
Feb 1 Petróleo Brasileiro SA's (Petrobras's) $13.6 billion in global partnerships will help the state-controlled Brazilian oil company stem risks in new projects, Chief Executive Officer Pedro Parente said on Wednesday. Geopolitical risks in the Middle East and uncertainty over the U.S. presidency of Donald Trump will pose challenges, Parente told a seminar sponsored by... Continue Reading →
Brazil Energy Insight 