Oct 21 Moody's: * Moody's upgrades Petrobras' ratings to B2; changes outlook to stable * Actions on Petrobras' ratings reflect improvements in company's liquidity profile and in regulatory framework in brazil over last few months * Petrobras' ratings have stable outlook; expect that, in next 12 to 18 months, company's liquidity and overall credit risk... Continue Reading →
Petrobras – New diesel and gasoline pricing policy
Click below for the Petrobras - New Diesel and Gasoline Pricing Policy Presentation. apresentacao-politica-de-precos-ing
Petrobras – Negotiations to sell interest in Guarani
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 →
Petrobras unions reject 6 percent pay rise, raising strike chances
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 →
Petrobras moves forward to attract partners for refineries
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 →
Swiss court approves transfer of Petrobras bank data
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 →
Petrobras Advances Divestment Drive With Japan Oil Refinery Sale
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 →
Tereos wants to buy back Petrobras stake in Brazilian mills
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 →
Petrobras – Oil and natural gas production in September
Rio de Janeiro, October 17, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that its total oil and gas production in September was 2.88 million barrels of oil equivalent per day (boed), a 1.4% increase in comparison to the previous month. Of this total, 2.75 million boed were produced in Brazil and 0.13 million abroad.... Continue Reading →
Petrobras says September output in Brazil hits 2.75 mln bpd
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 →
