Aug 9 Reuters State-controlled Petróleo Brasileiro SA said on Tuesday that it is seeking to get a contract for the construction of a fuel distribution unit annulled in a Brazilian court, after the plan became subject to increased scrutiny for alleged graft. In a securities filing, Petrobras said it has initiated legal actions against WTorre... Continue Reading →
Clarification on News: “Petrobras may have to give preference to minority in BR.”
Rio de Janeiro, August 8, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby answers to the Official Letter No. 202/2016CVM/SEP/GEA3, which requests the following clarifications: Ref.: Official Letter No.202/2016CVM/SEP/GEA3 “Mr. Director, 1. We refer to the news published today in the newspaper Valor Econômico, Business section, under the title: "Petrobras may have to give preference... Continue Reading →
Brazil antitrust regulator recommends penalizing Petrobras
By Ana Mano/Reuters Aug 8 The superintendent's office of Brazil's antitrust regulator Cade recommended penalizing state-run oil company Petroleo Brasileiro SA for anti-competitive behavior in the natural gas distribution market, according to a statement from Cade on Monday. The case will now be tried before Cade's tribunal at a date yet to be determined. The... Continue Reading →
Petrobras – Approval of amendments in the Bylaws and creation of the Strategy, Organization and Management System Officer
Rio de Janeiro, August 4, 2016 - Petróleo Brasileiro S.A. - Petrobras announces that the Shareholders' Extraordinary General Meeting held today approved the changes in the bylaws, aimed at improving the Company's governance and management. Among the changes is the creation of the new Strategy, Organization and Management System Officer. With this, the Executive Board... Continue Reading →
Petrobras could get $768 million with sale of Liquigás: daily
The Petrobras logo is seen in front of the company's headquarters in Sao Paulo April 23, 2015. REUTERS/PAULO WHITAKER - RTX1A1LN Brazil's state-run oil company Petroleo Brasileiro SA could get up to 2.5 billion reais ($768.07 million) from the sale of its liquefied natural gas distributor Liquigás Distribuidora SA, a local daily reported on Wednesday.... Continue Reading →
U.S. court puts Brazil’s Petrobras class action on hold
Aug 2, 2016 The Brazil's state-run Petrobras oil company headquarters is pictured in Rio de Janeiro, Brazil, January 28, 2016. REUTERS/SERGIO MORAES A U.S. appeals court put a class action case against Brazil's state-run oil company Petroleo Brasileiro SA (PETR4.SA) on hold pending the resolution of an appeal filed by the company, according to a... Continue Reading →
BRIEF-Dril-Quip and Petrobras amend contract
Reuters Aug 1 Dril-Quip Inc * Quip -on July 29, Brazilian unit and Petrobras entered amendment to four-year contract awarded by Petrobras in August 2012 * Quip -contract was awarded by Petrobras in August 2012 for supply of subsea wellhead systems and associated tools * Quip-amendment extends term of contract until October 27, 2016 pending... Continue Reading →
Update – Petrobras sells oilfield asset to Statoil for $2.5 billion- Partner in block may invoke right of first refusal
The company logo of Statoil is seen during a company results presentation in London February 6, 2015. REUTERS/TOBY MELVILLE Brazil's Petrobras on Friday agreed to sell one of its largest oil and gas prospects to Norway's Statoil for $2.5 billion, the boldest step yet by the state-led energy company to advance its stagnant asset-sale plan... Continue Reading →
Petrobras Makes its Biggest Oil Field Sale Ever to Statoil
Petroleo Brasileiro SA made its biggest oil field sale ever to Statoil ASA in a major step to meeting a $15.1 billion divestment target as it works to cut leverage and reduce expenditures. Statoil will pay $2.5 billion for Petrobras’s 66 percent operating interest in the BM-S-8 offshore license in the Santos basin, which holds... Continue Reading →
Petrobras – Sale of PetroquímicaSuape and Citepe
Rio de Janeiro, July 28, 2016 – Petróleo Brasileiro S.A. – Petrobras announces that its Executive Board approved today exclusive negotiations with the company Alpek, on a 60-day basis, renewable for a further 30 days, for the sale of its stakes in Companhia Petroquímica de Pernambuco (PetroquímicaSuape) and Companhia Integrada Têxtil de Pernambuco (Citepe). Alpek... Continue Reading →
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