Rio de Janeiro, November 28, 2016 - Petróleo Brasileiro S.A. - Petrobras, further to the Material Fact disclosed on November 22, 2016, informs that the amount of US$ 1.25 billion received upon the closing of the sale of the stake in the exploration block BM-S-8 to Statoil Brasil Óleo e Gás LTDA is being used... Continue Reading →
Petrobras reaches agreement with investors to settle eleven individual securities actions in the United States
Rio de Janeiro, November 23, 2016 – Petróleo Brasileiro S.A. – Petrobras announces that its Board of Directors approved, in a meeting held today, agreements to settle eleven individual securities actions brought before the US District Court for the Southern District of New York by Abbey Life Assurance Company Limited, et al., Aberdeen Emerging Markets... Continue Reading →
Closing of BM-S-8 Exploration Block Sale Operation
Rio de Janeiro, November 22, 2016 – Petróleo Brasileiro S.A. – Petrobras reports that the sale operation of the company’s stake in the exploration block BM-S-8 to Statoil Brasil Óleo e Gás LTDA, announced on July 29, 2016, was closed today. The deal was settled upon payment, made today by Statoil, of USD 1.25 billion,... Continue Reading →
Clarification on News: Petrobras to negotiate pre-salt areas with French group Total
Rio de Janeiro, November 21, 2016 - Petróleo Brasileiro S.A. – Petrobras responds to Official Letter No. 543/2016 / CVM / SEP / GEA-1 requesting clarification, as follows: Official Letter No. 543/2016/CVM/SEP/GEA-1 “Dear Officer, 1. We refer to the news published on 11.19.2016, in the Market section of Folha de São Paulo newspaper, under the... Continue Reading →
NAVSHIP LAUNCHES PSV ORDERED BY BRAM OFFSHORE
November 21, 2016 The Navship shipyard , from Navegantes (SC), has launched another PSV for Bram Offshore. The Mr. Aldo PSV, was commissioned in January 2015 and came to receive priority from the Merchant Marine Fund in the allocation of resources. The vessel will be chartered to Petrobrás in an eight-year contract under the... Continue Reading →
Farstad Shipping has been awarded a contract extension and several new contracts for its platform supply vessels in Brazil
Norwegian offshore vessel owner Farstad Shipping has been awarded a contract extension and several new contracts for its platform supply vessels in Brazil and Egypt. The vessel owner reported on Monday that the Brazilian oil giant Petrobras has extended the contract for the 2003-built MPSV Far Swift with another year in direct continuation with present... Continue Reading →
Inapplicability of preemptive right related to the sale of Liquigás
Rio de Janeiro, November 21, 2016 – Petróleo Brasileiro S.A. – Petrobras responds to Official Letter No. 3267/2016-SAE/GAE 1, which requests clarifications, as follows: Official Letter No. 3267/2016-SAE/GAE 1 "Dear Sirs, Considering the terms of the material fact published on 11/17/2016, we request you to inform, by 11/21/2016, if the sale of all the shares... Continue Reading →
Petrobras to review workers profit-sharing pact
Petroleo Brasileiro SA , the world's most indebted large oil company, is reviewing terms of a profit-sharing accord with workers, as rifts between the Brazilian state-controlled company and unions escalate, the Valor Econômico newspaper reported on Tuesday. According to Valor, Petrobras intends to modify aspects of the PLR, as the profit-sharing mechanism is commonly known.... Continue Reading →
Petrobras negotiates pre-salt areas with French group Total
Petrobras is negotiating the sale of a stake in the most coveted areas of the pre-salt - close to the mega fields Lula and Sapinhoá - to the French group Total. The transaction is part of a strategic partnership agreement announced by the two companies in October and should also include two thermal plants... Continue Reading →
Petrobras – Divestment process of concession rights for Baúna and Tartaruga Verde/Karoon hit with injunction on $1.5bn Petrobras deal
Australian player hits pause on field purchases from Brazilian state player amid court ruling Rio de Janeiro, 21 November 2016 – Petróleo Brasileiro S.A. – Following the material fact disclosed on 10/06/2016, Petrobras informs that became aware of the existence of an action in respect of which an injunction was granted to suspend the... Continue Reading →
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