Rio de Janeiro, October 24, 2016 – Petróleo Brasileiro S.A. – Petrobras and Total inform that Pedro Parente, CEO of Petrobras and Patrick Pouyanné, Chairman and CEO of Total are signing today, in Rio de Janeiro, a Memorandum of Understanding which sets the general framework for a Strategic Alliance covering Upstream and Downstream activities in... Continue Reading →
Petrobras signs strategic alliance with Total in the areas of Exploration and Production and Gas and Power
Oct. 24, 2016 Petrobras president, Pedro Parente, and the president of Total, Patrick POUYANNE, signed a memorandum of understanding to consolidate a strategic alliance in the segments of Exploration and Production (E & P) and Gas and Energy (G & E) in Brazil and potential opportunities abroad. From this memo, the companies are committed... Continue Reading →
Petrobras reaches agreement with investors to settle four individual securities actions in the United States
Rio de Janeiro, October 21, 2016 – Petróleo Brasileiro S.A. – Petrobras announces that its Board of Directors approved, in a meeting held today, agreements to settle four individual securities actions brought before the US District Court for the Southern District of New York by PIMCO Total Return Fund, et al., Dodge & Cox International... Continue Reading →
Petrobras Raised by Moody’s on New Fuel Policy, Asset Sales
Petroleo Brasileiro SA was rewarded with its first rating upgrade in five years after it stepped up efforts to unload assets and began implementing a new fuel price policy. Petrobras, as the Rio de Janeiro-based oil company is known, had its rating raised one level to B2 by Moody’s Investors Service, which pointed to lower... Continue Reading →
BRIEF-Moody’s upgrades Petrobras’ ratings to B2, changes outlook to ‘stable’
Oct 21 Moody's: * Moody's upgrades Petrobras' ratings to B2; changes outlook to stable * Actions on Petrobras' ratings reflect improvements in company's liquidity profile and in regulatory framework in brazil over last few months * Petrobras' ratings have stable outlook; expect that, in next 12 to 18 months, company's liquidity and overall credit risk... Continue Reading →
Petrobras – New diesel and gasoline pricing policy
Click below for the Petrobras - New Diesel and Gasoline Pricing Policy Presentation. apresentacao-politica-de-precos-ing
Petrobras – Negotiations to sell interest in Guarani
Rio de Janeiro, October 21, 2016 – Petróleo Brasileiro S.A. – Petrobras announces that it is beginning negotiations with Tereos Internacional S.A. regarding the sale of 45.9% interest of Petrobras Biocombustível in the sugarcane company Guarani S.A. and that it is in progress the hiring of Banco Itaú BBA to advise in the transaction. The... Continue Reading →
Petrobras unions reject 6 percent pay rise, raising strike chances
Brazilian oilworkers' unions said they rejected a sweetened pay offer from Petroleo Brasileiro SA in annual salary talks on Wednesday, raising chances of a second major strike in two years at the state-led oil company. Petrobras, the world's most indebted oil company, offered to raise base salaries for its more than 50,000 employees by 6... Continue Reading →
Petrobras moves forward to attract partners for refineries
17/10 / 2016 ABEGAS Redacao Notícias The creation of a new derivative pricing policy is an important step for Petrobras to overcome an obstacle that many considered insurmountable in the asset sales strategy implemented by the company: the aim of finding partners for the refining area. The strategy, unveiled at the company's Business Plan... Continue Reading →
Swiss court approves transfer of Petrobras bank data
A Swiss appeals court has ruled prosecutors may share with Brazil bank documents that could shed light on allegations of corruption at Brazilian state oil group Petrobras. The Federal Criminal Court allowed the move after blocking such a transfer in January on the grounds that prosecutors had not followed proper procedures for granting mutual legal... Continue Reading →
Brazil Energy Insight 