12/01/2017 According to the company's chief financial officer, Ivan Monteiro, Petrobras has a portfolio of assets of U$ 42 billion that can be sold. The amount includes US $ 1.5 billion the unfulfilled part of the divestiture plan for the period 2015/2016, whose goal was to sell US $ 15.1 billion, but closed at... Continue Reading →
Petrobras to invest $19 billion, has cash for two-and-a-half years: executives
Petróleo Brasileiro SA expects to spend 30 percent more in exploration, production and refining projects this year, signaling that efforts to cut debt and preserve cash are helping Brazil's state-controlled oil company regain investment capacity. Chief Executive Officer Pedro Parente told reporters at an event in Rio de Janeiro that capital spending at Petrobras (PETR4.SA)... Continue Reading →
PETROBRÁS INVITES 30 FOREIGN COMPANIES TO BID FOR THE NATURAL GAS PROCESSING UNIT (NGPU) AT COMPERJ
Jan, 2017 The optimism and expectation surrounding the Natural Gas Processing Unit of the Rio de Janeiro Petrochemical Complex (Comperj), which would be the only work planned for the 2015-2019 Investment Plan, seems to be revived after the uncertainties of last year . And there is a strong reason for this: Petrobras has just... Continue Reading →
CORRECTED-Petrobras to invest $19 bln in 2017, sees cash enough for 2 1/2 years
Reuters Wed Jan 11, 2017 | 8:28am EST CORRECTED-Petrobras to invest $19 bln in 2017, sees cash enough for 2 1/2 years (Corrects to say 2017 instead of 2019 in headline, paragraph 1) RIO DE JANEIRO Jan 11 Petróleo Brasileiro SA expects to spend $19 billion in exploration, production and refining projects this year, above... Continue Reading →
Petrobras reaches its production target for the second consecutive year and achieves new historical record
Rio de Janeiro, January 11, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that the Company’s average oil production in Brazil reached an annual historical record in 2016, at 2.144.256 barrels per day (bpd), 0.75% above the results for the prior year and in line with the 2,145 thousand bpd target forecast for the... Continue Reading →
Petrobras announces the pricing of Global Notes and increase of tender cap
Rio de Janeiro, January 9, 2017 – Petróleo Brasileiro S.A. – Petrobras announces the pricing of global notes denominated in U.S. Dollars (the “Notes”) to be issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”). The Notes will be unsecured obligations of PGF and will be fully and unconditionally guaranteed by Petrobras. Closing is... Continue Reading →
Petrobras announces offering of Global Notes and commencement of Cash Tender Offers
Rio de Janeiro, Brazil – January 9, 2017 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”), plans to offer global notes in one or more series (the “Notes”), subject to market and other conditions. The Notes will be unsecured obligations of PGF and will... Continue Reading →
UPDATE 1-Brazil’s Petrobras raises diesel prices by an average 6.1 pct
Brazilian state-controlled oil company Petróleo Brasileiro SA increased diesel prices at refineries by 6.1 percent on average with immediate effect, citing higher oil prices and a stronger real currency. According to a Thursday statement, the decision also stemmed from stronger seasonal demand for diesel as winter peaked in the northern hemisphere. For years, Petrobras kept... Continue Reading →
Clarification on News: Information on the Comperj Project
Rio de Janeiro, January 4, 2017 – Petróleo Brasileiro S.A. – Petrobras responds to Official Letter no. 1/2017/CVM/SEP/GEA-1 which requests clarifications, as follows: Official Letter no. 1/2017/CVM/SEP/GEA-1 “Dear Sir, We refer to the news published on January 1, 2017, in the newspaper O Estado de São Paulo, Primeiro Caderno section [First Section], under the headline... Continue Reading →
Closing of Petrobras Chile sale
January 4, 2017 – Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on July 22, 2016, informs that it has completed, today, the sale of 100% of Petrobras Chile Distribuición Ltda (“PCD”) to the Southern Cross Group. The cash proceeds of the transaction were US$ 470 million, of which US$ 90 million... Continue Reading →
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