Rio de Janeiro, September 27 2016 – Petróleo Brasileiro S.A. – Petrobras, with respect to negotiations for the sale of its stakes in Companhia Petroquímica de Pernambuco (Petroquímica Suape) and Companhia Integrada Têxtil de Pernambuco (Citepe), disclosed by Material Fact in 07/28/2016, informs that the negotiations with Alpek continue, having been extended for another 30... Continue Reading →
Mexico’s Alpek gets extension for talks over Petrobras units purchase
| Tue Sep 27, 2016 / Reuters The logo of Brazil's state-run Petrobras oil company is seen on a tank in Cubatao, Brazil, April12, 2016. REUTERS/Paulo Whitaker Mexican company Alpek said on Tuesday it had received a 30-day extension for exclusive talks to purchase petrochemical units of Brazilian state oil firm Petrobras (PETR4.SA). Petrobras in... Continue Reading →
Brazil should pass law easing Petrobras subsalt rights this year -IBP
Wed Sep 28, 2016 | Reuters A bill ending the requirement that Brazil's state-led oil company Petrobras lead all new projects in the country's Subsalt Polygon should become law by year end, Jorge Camargo, president of the country's oil industry association IBP, said on Wednesday. Petroleo Brasileiro SA, as the company is formally known, has... Continue Reading →
Moody’s says easing capital concerns at Petrobras are good for Brazil
Tue Sep 27, 2016 | Reuters Concerns have subsided this year that Brazil's state-run oil company Petroleo Brasileiro SA will need a capital injection, improving the outlook for government finances, Moody's Investors Service said on Tuesday. Moody's senior analyst Samar Maziad also said at an event in Sao Paulo that Colombia's peace process was positive... Continue Reading →
BRIEF-Brazil’s Petrobras CEO says will bring down debt quickly
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 →
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