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 →

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 →

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 →

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 →

Petroleo Brasileiro SA advanced its downsizing of international operations with the sale of a shuttered refinery in Japan for $129 million. State-controlled Petrobras agreed to sell the 100,000-barrel-a-day Nansei Sekiyu refinery in Okinawa to Tokyo-based Taiyo Oil Co., it said in a statement Monday. The deal includes three piers and 9.5 million barrels in storage... Continue Reading →

French sugar group Tereos is interested in buying back a 45 percent minority stake in seven of its Brazilian-based sugar and ethanol plants from the state-run Petrobras, Jacyr Costa Filho, head of Tereos' local operations, said on Monday. "We know these assets well, we understand their potential, so if they indeed decide to leave the... Continue Reading →

Mon Oct 17, 2016 | Reuters Oct 17 State-run oil company Petrobras' production of oil and natural gas in Brazil reached 2.75 million barrels of oil equivalent per day in September, the company said in a securities filing on Monday. Petroleo Brasileiro SA, as the company is formally known, said it produced a further 0.13... Continue Reading →

Rio de Janeiro, October 14, 2016 – Petróleo Brasileiro S.A. – Petrobras informs, in relation to the sale of its wholly owned subsidiary Liquigás Distribuidora S.A. (Liquigás), announced through a press release on June 15th, that it is in advanced negotiations with Ultrapar Participações S.A. The transaction depends on the conclusion of the negotiations and... Continue Reading →

Brazil's state-run oil company Petrobras said on Friday it was cutting fuel prices as part of a new policy tracking international benchmarks more closely after politically driven pricing cost the company billions in recent years. Petroleo Brasileiro SA, as the company is formally known, will cut prices for diesel by 2.7 percent and gasoline by... Continue Reading →