Petrobras Results Announcements at press conference. petrobras-presentation-3q-2016
Brazil’s Petrobras may revise prices again within a month, director says
Fri Nov 11, 2016 | Reuters Brazil's Petrobras refining and natural gas director, Jorge Celestino, said in a conference call with analysts on Friday that the state-controlled oil company may decide to make a new fuel price adjustment within a month. Petrobras' new pricing policy takes into consideration the exchange rate and the company's market... Continue Reading →
Webcast/Conference Call Invitation – 3Q16 Results
11/10/2016 Petrobras announces that it will disclose its 3rd quarter 2016 Results on Thursday, November 10, 2016, after market closing. The company would like to invite investors and analysts for the conference call/webcast, with broadcast in Portuguese and simultaneous translation to English, according to the times below: November 11, 2016 (Friday) 2:30 pm (Brasília)... Continue Reading →
Petrobras 3Q 2016 Results
Rio de Janeiro – November 10, 2016 - THIRD QUARTER OF 2016 RESULTS - Derived from consolidated interim financial information reviewed by independent auditors, prepared in accordance with International Financial Reporting Standards - IFRS. Loss R$ 16.5 billion Production 2,869 Mbbl/d Adjusted EBITDA R$ 21,603 million pbr-3q2016-financial-statements pbr-3q2016-results
Petrobras posts surprising loss amid massive asset impairments
Brazilian state-controlled oil company Petróleo Brasileiro SA posted an unexpected third-quarter loss on Thursday after drastically reducing the value of oil fields and other assets amid a severe downsizing and weak oil prices. Petrobras lost a net 16.458 billion reais ($4.9 billion) last quarter, five times more than a year earlier. Despite that, operational and... Continue Reading →
PETROBRÁS CUTS REQUIREMENTS FOR SMALL CONTRACTS AND REDUCES BUROCRACY
Nov. 7, 2016/Petronoticias Petrobras has taken a step forward that can give a lot of agility to small contractors from now on. It has introduced a program called Simplifica (Simplify) Petrobrás, which will review the internal procedures for purchasing small-value goods and services, in order to reduce bureaucracy and the board's demand for less impacting... Continue Reading →
Petrobras, YPFB Chaco to invest $1.2 billion in Bolivia gas exploration
Mon Nov 7, 2016 | Reuters Petrobras Bolivia SA, a subsidiary of Brazil's state-run oil firm Petroleo Brasileiro SA, and Bolivia's state-run YPFB Chaco have signed a $1.2 billion agreement to explore two natural gas fields with potential reserves of 4 trillion cubic feet, the Bolivian government said on Monday. The fields are Astillero and... Continue Reading →
Trafigura Says Not Party to Storage Contracts in Petrobras Probe
Trafigura Group distanced itself from a board member arrested in Brazil over allegations of involvement in bribery and money laundering at state-run oil company Petroleo Brasileiro SA, saying the contracts at the heart of the case didn’t involve the commodity-trading house. The “substantive allegations” made by Brazil’s public prosecutor against management board member Mariano Marcondes... Continue Reading →
Green shoots of Brazil’s recovery
Changes falling into place after a catastrophic period of scandal, corruption and collapse Gareth Chetwynd 4 Nov 2016 01:00 GMT Updated 3 Nov 2016 12:31 GMT Brazil’s oil sector is undergoing a transformation that is starting to generate new interest among investors and offer hope to domestic industry after a ruinous two years. The first... Continue Reading →
Petrobras granted extra time for Potiguar work
State giant carrying out appraisal work on deep-water discoveries Pitu and Tango Fabio Palmigiani Rio de Janeiro 4 Nov 2016 01:00 GMT Updated 3 Nov 2016 02:00 GMT THE Brazilian National Petroleum Agency (ANP) has given Petrobras more time to carry out appraisal work at two deep-water discoveries in Block BM-POT-17 in the Potiguar basin... Continue Reading →
Brazil Energy Insight 