Brazilian federal court issued an injunction to block the sale of the fuels distribution unit of state oil company Petroleo Brasileiro SA (Petrobras) after a request by workers, according to the court's press office. Petrobras is looking to sell a stake in BR Distribuidora, Brazil's largest fuel distribution company, as part of a divestment program... Continue Reading →
Petrobras – Extraordinary General Meeting approved the sale of stake in Nova Transportadora do Sudeste, among other matters
Rio de Janeiro, November 30, 2016 - Petróleo Brasileiro S.A. - Petrobras announces that today, the Extraordinary General Meeting of Shareholders (EGM) approved the sale of 90% of its stake in Nova Transportadora do Sudeste (NTS), for USD 5.194 billion, to fund Nova Infraestrutura Fundo de Investimento em Participações, managed by Brookfield Brasil Asset Management... Continue Reading →
Temer: New pre-salt rules will re-energise sector and create jobs
Law signed by the President this Tuesday (29 November) gives Petrobras the right, but not the obligation, to participate in exploration blocks Published: Nov 29, 2016 09:03 PM President sanctions new pre-salt regulations during a ceremony at the Presidential Palace The new regulatory framework for the pre-salt layer will re-energize and give new impetus... Continue Reading →
BW Offshore Prepares Bid for Two Petrobras Projects
Posted by Michelle Howard November 28, 2016 * Floating oil production, storage and offloading (FPSO) firm BW Offshore is bidding on contracts for the Libra 1 and Sepia oilfields offshore Brazil * CEO Carl Arnet says expects to deliver tenders to Petrobras on Libra I in December and on Sepia in January * CEO Arnet... Continue Reading →
Petrobras -Amortization of bank financing with BNDES
Rio de Janeiro, November 28, 2016 - Petróleo Brasileiro S.A. - Petrobras, further to the Material Fact disclosed on November 22, 2016, informs that the amount of US$ 1.25 billion received upon the closing of the sale of the stake in the exploration block BM-S-8 to Statoil Brasil Óleo e Gás LTDA is being used... Continue Reading →
Petrobras reaches agreement with investors to settle eleven individual securities actions in the United States
Rio de Janeiro, November 23, 2016 – Petróleo Brasileiro S.A. – Petrobras announces that its Board of Directors approved, in a meeting held today, agreements to settle eleven individual securities actions brought before the US District Court for the Southern District of New York by Abbey Life Assurance Company Limited, et al., Aberdeen Emerging Markets... Continue Reading →
Closing of BM-S-8 Exploration Block Sale Operation
Rio de Janeiro, November 22, 2016 – Petróleo Brasileiro S.A. – Petrobras reports that the sale operation of the company’s stake in the exploration block BM-S-8 to Statoil Brasil Óleo e Gás LTDA, announced on July 29, 2016, was closed today. The deal was settled upon payment, made today by Statoil, of USD 1.25 billion,... Continue Reading →
Clarification on News: Petrobras to negotiate pre-salt areas with French group Total
Rio de Janeiro, November 21, 2016 - Petróleo Brasileiro S.A. – Petrobras responds to Official Letter No. 543/2016 / CVM / SEP / GEA-1 requesting clarification, as follows: Official Letter No. 543/2016/CVM/SEP/GEA-1 “Dear Officer, 1. We refer to the news published on 11.19.2016, in the Market section of Folha de São Paulo newspaper, under the... Continue Reading →
NAVSHIP LAUNCHES PSV ORDERED BY BRAM OFFSHORE
November 21, 2016 The Navship shipyard , from Navegantes (SC), has launched another PSV for Bram Offshore. The Mr. Aldo PSV, was commissioned in January 2015 and came to receive priority from the Merchant Marine Fund in the allocation of resources. The vessel will be chartered to Petrobrás in an eight-year contract under the... Continue Reading →
Farstad Shipping has been awarded a contract extension and several new contracts for its platform supply vessels in Brazil
Norwegian offshore vessel owner Farstad Shipping has been awarded a contract extension and several new contracts for its platform supply vessels in Brazil and Egypt. The vessel owner reported on Monday that the Brazilian oil giant Petrobras has extended the contract for the 2003-built MPSV Far Swift with another year in direct continuation with present... Continue Reading →
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