07/18/2016 Rio de Janeiro, July 18, 2016 – Petróleo Brasileiro S.A. (Petrobras) hereby responds to Official Letter 346/2016-CVM/SEP/GEA-1, requesting clarification, as follows: Official Letter 346/2016-CVM/SEP/GEA-1 “Dear Sir, We are writing in regard to the news stories published in two newspapers – ‘Petrobras quer que sócia nos EUA a indenize por refinery’ [‘Petrobras wants partner in... Continue Reading →
Petrobras to decide on stake sale in fuel unit this month
Petróleo Brasileiro SA will decide the structure of a stake sale in fuel distribution unit BR Distribuidora SA before the end of the month, a sign that Brazil's state-controlled oil producer is trying to speed up $14.4 billion in targeted asset sales to cut debt. In a Monday securities filing, Petrobras (PETR4.SA) said that it... Continue Reading →
Leniency Agreement signed between Brazilian Authorities, Petrobras and SBM Offshore
Rio de Janeiro, July 15, 2016 – Petróleo Brasileiro S.A. – Petrobras announces that today, together with the Ministry of Transparency, Oversight and Control (Ministério da Transparência, Fiscalização e Controle – “MTFC”), the Public Prosecutor’s Office (Ministério Público Federal – “MPF”), the General Counsel for the Republic (Advocacia Geral da União – “AGU”) and SBM... Continue Reading →
SBM Jumps Most in Nine Months Following Brazilian Leniency Deal
SBM Offshore NV, a Dutch oil-services provider, rose the most in nine months in Amsterdam trading after reaching a leniency deal with Brazilian authorities following a corruption investigation. SBM climbed as much as 15 percent Monday, the biggest intraday gain since Sept. 28 and the most among companies on the Stoxx Europe 600 Oil &... Continue Reading →
BRIEF-Brazil’s Petrobras close to concluding sale of Petrobras Argentina
Jul 14, 2016 5:02pm EDT Reuters Chief executive of Brazil's state-run oil company Petroleo Brasileiro SA, Pedro Parente, said on Thursday the company was close to completing the sale of Petrobras Argentina * The sale of its Argentine asset is part of a larger divestiture plan intended to reduce the companies debt load * Parente... Continue Reading →
Petrobras will halt production at 25 platforms for up to a year
Approved by ANP last week, Petrobras will halt production at 25 platforms for up to a year while negotiating the sale of the areas to the private sector. Petrobras also requested the interruption of production in nine other units, but will still need to present studies to justify the request. The units are located in... Continue Reading →
Petrobras completes US$3 billion bond sale
Rio de Janeiro, July 13, 2016 - Petóleo Brasileiro S.A (Petrobras) announces that today, through subsidiary Petrobras Global Finance B.V. (PGF), it has completed the US$3 billion bond sale on the international capital markets (called global notes). This sale constituted a reissue of securities maturing in 2021 and 2026, originally issued in May 2016. Of... Continue Reading →
Petrobras – Sale of Nova Transportadora do Sudeste: extension of the negotiations
Rio de Janeiro, July 12, 2016 – Petróleo Brasileiro S.A. – Petrobras, with respect to negotiations for the sale of its equity interest in Nova Transportadora do Sudeste, disclosed on May 12th, informs that the negotiations with the consortium headed by Brookfield, continue, having been extended the period of exclusivity for completion of negotiations for... Continue Reading →
Another system in Lula field is the eighth in the Santos Basin Pre-Salt
Rio de Janeiro, July 12, 2016 – Petróleo Brasileiro S.A. - Petrobras announces the start-up of the Lula Central production system with the interconnection of the first production well (8-LL-81D-RJS) to FPSO Cidade de Saquarema, on July 8, and the production stabilization at around 30,000 barrels per day (bpd) on July 11. Located in Lula... Continue Reading →
Petrobras meeting with investors July 11, 2016
Petrobras CEO Pedro Parente and other Directors met with investors on July 11, 2016. Read attached presentation Reuniao-com-Investidores-Presidente-Diretores-Ingles
Brazil Energy Insight 