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 $16 billion reduction... Continue Reading →
Petrobras Results Announcements 3Q 2016
Petrobras Results Announcements at press conference. petrobras-presentation-3q-2016
Brazil’s Petrobras may revise prices again within a month, director says
Fri Nov 11, 2016 | Reuters Brazil's Petrobras refining and natural gas director, Jorge Celestino, said in a conference call with analysts on Friday that the state-controlled oil company may decide to make a new fuel price adjustment within a month. Petrobras' new pricing policy takes into consideration the exchange rate and the company's market... Continue Reading →
Webcast/Conference Call Invitation – 3Q16 Results
11/10/2016 Petrobras announces that it will disclose its 3rd quarter 2016 Results on Thursday, November 10, 2016, after market closing. The company would like to invite investors and analysts for the conference call/webcast, with broadcast in Portuguese and simultaneous translation to English, according to the times below: November 11, 2016 (Friday) 2:30 pm (Brasília)... Continue Reading →
Petrobras 3Q 2016 Results
Rio de Janeiro – November 10, 2016 - THIRD QUARTER OF 2016 RESULTS - Derived from consolidated interim financial information reviewed by independent auditors, prepared in accordance with International Financial Reporting Standards - IFRS. Loss R$ 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 →
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