January, 2017 Petrobrás has divested itself of valuable areas in the pre-salt, such as stakes in the fields sold to Statoil (Carcará) and Total (Iara and Lapa), but still maintains great plans for the pre salt region, with 15 new platforms for the Santos Basin. The estimate is part of Petrobras' 2017-2021 Business and... Continue Reading →
Sale of Petroquímica Suape and Citepe
January 31, 2017 - Petróleo Brasileiro SA - Petrobras, in continuation of the relevant fact disclosed on 12/28/2016, informs that it was served on the decision of the 2nd Federal Court of Sergipe, which granted an injunction, in a public sale of "PetroquímicaSuape" and Companhia Integrada Têxtil de Pernambuco ("Citepe"). Petrobras is taking appropriate legal... Continue Reading →
DEEP SEA SUPPLY RENEWS SUPPORT VESSEL CONTRACT FOR ONE YEAR IN BRAZIL
Jan, 2017 The AHTS Sea Tiger multipurpose vessel will have another year of contract with Petrobras. The state company has extended the deadline for the current contract with Norway's Deep Sea Supply to support its offshore platforms, starting at the end of January. The unit, built in 1998, has operated in Brazil since 2013,... Continue Reading →
Brazil’s Petrobras reduces diesel and gasoline prices at refineries
Jan 26 Brazil's state-run oil company Petroleo Brasileiro SA announced on Thursday it is reducing diesel and gasoline prices at refineries, reflecting the fall in international petroleum products prices and the appreciation of the local currency against the dollar. In a statement, Petrobras, as the company is known, said diesel prices will be reduced 5.1... Continue Reading →
Petrobras to receive R$81 million from Rolls-Royce leniency agreement
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 →
Brazil Energy Insight 