Tue Sep 27, 2016 | Reuters Chief Executive of Brazil's state-run oil company Petroleo Brasileiro SA Pedro Parente says: * Plans to reduce company debt load rapidly * Company will only gain from ending regulatory requirement it be operator in all subsalt fields * Expects regulatory changes from government within months that will stimulate new... Continue Reading →
Petrobras says regulatory issues preventing sale of LNG terminal
Mon Sep 26, 2016 /Reuters A worker paints a tank of Brazil's state-run Petrobras oil company in Brasilia, Brazil September 30, 2015. REUTERS/Ueslei Marcelino/File Photo Regulatory issues are preventing Petrobras from progressing with plans to sell its LNG (liquefied natural gas) regasification terminal located in the state of Ceara, Chief Executive Officer Pedro Parente of... Continue Reading →
Petrobras to seek builders for six new platforms as of next year: report
Petroleo Brasileiro SA, Brazil's state-run oil company, as of 2017 will begin seeking offers for the construction of six new offshore oil platforms envisioned in current investment plans, according to a newspaper interview published Sunday. In an interview with O Globo, the biggest daily in the company's home base of Rio de Janeiro, Petrobras' director... Continue Reading →
Brookfield Group to Buy Stake in Petrobras Natural Gas Unit
Brookfield Asset Management Inc., Canada’s largest alternative asset manager, and its partners agreed to buy a 90 percent stake in a Brazilian natural gas distribution network owned by Petroleo Brasileiro SA for $5.2 billion. The buyer group is being led by Brookfield’s publicly-traded subsidiary, Brookfield Infrastructure Partners LP, and includes CIC Capital Corp. and GIC... Continue Reading →
Petrobras CEO says U.S. lawsuit will not derail recovery plan
A U.S. class-action lawsuit over corruption at Brazil's Petrobras will not overshadow the state oil company's $74 billion, five-year plan to slash its crippling debt and refocus on its core business, chief executive officer Pedro Parente said on Wednesday. In an interview in his offices in Rio de Janeiro, Parente also said Petrobras was pressing... Continue Reading →
Eurasia: New sub-salt rule will favor the sale of Petrobras assets/Valor
Petrobras' goal to sell $ 19 billion in assets between 2017 and 2018 is ambitious, but the changes in the pre-salt exploration rules, ending the obligation to be the operator with minimum 30% participation, should help make the company's assets be more accessible and attractive, evaluates the Eurasia Group. In a report, the consultancy said... Continue Reading →
Petrobras mulls lowering Brazil fuel prices in 2016
State-controlled Brazilian oil company Petroleo Brasileiro SA is considering lowering wholesalegasoline and diesel prices by year-end, which would be the first time since September 2015, O Globo newspaper said on Wednesday. Citing sources close to management, the paper said the company may cut prices of fuels at its refineries to match those of international competitors.... Continue Reading →
Petrobras Streamlines Business to Survive Graft Probe, Oil Bust
The combined shock of low oil prices and Brazil’s biggest corruption scandal is changing state-controlled oil producer Petroleo Brasileiro SA. The company, based in Rio de Janeiro, is abandoning a state-development model pursued during 13 years of control under the Workers’ Party where the government shifted profits to side industries to create jobs and... Continue Reading →
Strategic Plan and Business and Management Plan 2017-2021 Presentation
Rio de Janeiro, September 20, 2016 – Petróleo Brasileiro S.A. – Petrobras announces that its Board of Directors approved, at a meeting held yesterday, the new Strategic Plan and the Business and Management Plan 2017-2021. The Strategic Plan and Business and Management Plan were drawn up in an integrated manner and had the direct involvement... Continue Reading →
Petrobras – Strategic Plan and 2017-2021 Business and Management Plan
Click below for complete Strategic Plan and 2017/2021 Business and Management Plan. petrobras-2017-2021-english
Brazil Energy Insight 