Petrobras should reduce investment by US $ 20.9 billion in new 5-year plan, says research Petrobras should reduce by 20.9 billion dollars investment projection in the Business and Management Plan for the next five years, in a document that promises to be more aligned with the financial market, bringing greater transparency and revealing a leaner... Continue Reading →
Petrobras halts output at Getulio Vargas refinery
Wed Sep 14, 2016/Reuters Brazil's state-controlled oil company Petróleo Brasileiro SA said on Wednesday output at its Getulio Vargas refinery had been halted since Tuesday because of storm damage to a cracking unit. The refinery, located in the southern Parana state, is the fifth largest in the country and accounts for about 12 percent of... Continue Reading →
Petrobras – Oil and natural gas production in August
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 →
