Swiss prosecutors have opened a criminal probe into an employee of commodities group Trafigura as part of a wider investigation into suspected corruption at Brazil's state oil company Petrobras, the Office of the Attorney General said on Monday. Read more
Petrobras could get back 5.5 billion reais in corruption probe: CEO
Fri Nov 18, 2016 | Reuters Brazil's state-run oil company Petroleo Brasileiro SA Chief Executive Officer Pedro Parente attends an economics and politics forum in Sao Paulo, Brazil, September 30, 2016. REUTERS/Paulo Whitaker Brazilian state-controlled oil company Petróleo Brasileiro SA could receive up to 5.5 billion reais ($1.6 billion) back as a result of an... Continue Reading →
Clarification on News: Negotiations with individual investor
Rio de Janeiro, November 16, 2016 – Petróleo Brasileiro S.A. – Petrobras responds to the Official Letter No. 3252/2016-SAE/GAE 2 requesting clarifications, as follows: Official Letter No. 3252/2016-SAE/GAE 2 “Dear Sirs, In news published by the newspaper Valor Econômico, on 11/16/2016, it is stated, among other information, that Petrobras has progressed in negotiations with... Continue Reading →
Petrobras – Approval of the signing of the contract for the sale of Liquigás
Rio de Janeiro, November 17, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors approved, at a meeting held today, the signing of the contract for the sale of Liquigás Distribuidora S.A. to Companhia Ultragaz S.A., a subsidiary of Ultrapar Participações S.A. Liquigás is a wholly-owned subsidiary of Petrobras and... Continue Reading →
Petrobras Renews Financing with Caixa Economica Federal
Rio de Janeiro, November 16, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that it renewed today with Caixa Econômica Federal a loan in the amount of R$ 3.7 billion. The financing has a new maturity date for November 2023 and it is unsecured.
Petrobras will concentrate investments in Brazil over the next five years
Petrobras will concentrate investments in Brazil over the next five years, president Pedro Parente said on Tuesday in New York, where he attended a Bradesco BBI event. "In the next five years, we will focus on Brazil," he said during a speech at the event. "We will invest outside Brazil only if it is in... Continue Reading →
Petrobras is preparing a third round of renegotiations of contracts with suppliers.
Petrobras Chief Financial and Investor Relations Officer Ivan Monteiro said the oil company is preparing a third round of renegotiations of contracts with suppliers. The company's goal is to start the year 2017 with a clearer definition of all management metrics of the new business plan - focused on cost and investment reduction. Asked about the... Continue Reading →
Clarification on News: Embezzlement in contracts with Odebrecht
Rio de Janeiro, November 14, 2016 – Petróleo Brasileiro S.A. – Petrobras responds to Official Letter No. 525/2016/CVM/SEP/GEA-1 which requests clarifications, as follows: Official Letter Nº 525/2016/CVM/SEP/GEA-1 “Dear Executive Officer, We report to the news published today in the newspaper “O Estado de São Paulo”, section Economics & Business, under the title: “Petrobrás estima em... Continue Reading →
Petrobras – Oil and natural gas production in October
Rio de Janeiro, November 11, 2016 - Petróleo Brasileiro S.A. - Petrobras informs that its total oil and natural gas production in October was 2.81 million barrels of oil equivalent per day (boed), of which 2.68 million boed produced in Brazil and 0.12 million boed abroad. Average oil production in the country was 2.19 million... Continue Reading →
Hidden in Awful Petrobras Earnings Is a Bit of Really Good News
Petroleo Brasilerio SA rattled markets last week when it posted a surprise $4.9 billion loss. Buried in the Brazilian oil giant’s 33-page financial statement was a piece of really good news: Its debt levels have tumbled to the lowest in almost three years. While there’s still a long way to go, the $16 billion reduction... Continue Reading →
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