09/12/2016 Rio de Janeiro, September 12, 2016 - Petróleo Brasileiro SA - Petrobras announces that its total production of oil and natural gas in August was 2.84 million barrels of oil equivalent per day , of which 2.72 million barrels produced in Brazil and 0.12 million abroad. Total production of oil and gas in Brazil... Continue Reading →
Petrobras Cost-Cutting Is Making Traders in Oil-Rig Bonds Uneasy
Oil giant Petroleo Brasileiro SA’s cutbacks are reverberating in the bond market. QGOG Constellation SA, which rents rigs to Brazil’s state-controlled crude producer, has seen its $700 million of notes due in 2019 drop 11 percent in the past three months. The slump reflects mounting concern that Petrobras, as the oil company is known, may not... Continue Reading →
Brazil’s Petrobras CEO says to halve leverage ratio before 2020
Sun Sep 11, 2016 Brazil's state-run oil firm Petroleo Brasileiro SA will seek to reduce its leverage ratio to 2.5 from 5 currently before 2020, Chief Executive Officer Pedro Parente told newspaper O Estado de S. Paulo in an interview on Sunday. Parente said the leverage target will be included in the business plan to... Continue Reading →
Brazil oil law change key to attracting investment: Statoil
The company logo of Norwegian energy firm Statoil is seen at the headquarters outside Oslo, Norway, November 28, 2014. REUTERS/Berit Roald/NTB Scanpix Norway's Statoil sees changes to Brazil's oil industry laws, including the end of mandatory participation by Petrobras in all subsalt blocs, as key for attracting foreign investment, Chief Executive Officer Eldar Saetre said... Continue Reading →
Petrobras -Conclusion of the negotiations on the sale of Nova Transportadora do Sudeste
Rio de Janeiro, September 8, 2016 – Petróleo Brasileiro S.A. – Petrobras, concerning the news on the sale of Nova Transportadora do Sudeste (NTS), and giving continuity to the material facts disclosed on May 12 and July 12, 2016, informs that it has concluded the negotiations with the consortium led by Brookfield for the sale... Continue Reading →
Brazil refinery mishaps hobble 10 percent of Brazil fuel output
Serial failures at a Petrobras refinery have hobbled about a tenth of Brazil's crude-processing capacity, company and union officials said on Monday, raising safety and efficiency concerns at the financially troubled state-led oil company. An Aug. 31 power outage and fire, followed by a sulfur tank collapse on Monday, forced a complete shutdown and then... Continue Reading →
Brookfield-led group to buy $5.2 billion Petrobras pipeline unit: source
An aerial view of Petrobras' Presidente Bernardes Refinery unit in Cubatao April 2, 2015. BRAZIL/Paulo Whitaker By Tatiana Bautzer | SAO PAULO Brazil's state-run oil company Petroleo Brasileiro SA (PETR4.SA) (PBR.N) agreed to sell 90 percent of its natural gas pipeline unit to a group of investors led by Canada's Brookfield Asset Management Inc (BAMa.TO)... Continue Reading →
Petrobras – Clarification on the News Regarding the Sale of Liquigás
Rio de Janeiro, September 5, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby answers to the Official Letter 2985/2016-SAE/GAE 2, which requests the following clarifications: Official Letter No. 2985/2016-SAE/GAE 2 “Dear Sirs, A news article published by the newspaper O Estado de São Paulo on September 2, 2016 states, among other information, that: 1. Petrobras... Continue Reading →
BRIEF-Brazil’s Petrobras says Dodge & Cox sells shares
Mon Sep 5, 2016 State-led oil company Petroleo Brasileiro SA : * Petrobras, as the company is known, said in a filing on Monday that investment fund Dodge & Cox reduced to less than 5 pct its control of equivalent preferred shares in the company * With the sale of Petrobras American Depository Receipts (ADRs)... Continue Reading →
Fitch Downgrades Rio Oil Finance Trust Notes to ‘B’; Outlook Remains Negative
September 02, 2016 CHICAGO & SAO PAULO--(BUSINESS WIRE)--Fitch Ratings has downgraded the series 2014 notes issued by Rio Oil Finance Trust as follows: --USD2 billion series 2014-1 notes to 'B' from 'BB-'; --BRL 2.4 billion series 2014-2 special indebtedness to 'BB+ sf (bra)' from 'Asf (bra)'; --USD1.1 billion series 2014-3 notes to 'B' from... Continue Reading →
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