Reuters Aug 25 A voluntary layoff program at state-run oil company Petroleo Brasileiro SA has been accepted by 6,100 employees, a source with direct knowledge of the matter told Reuters. The number may rise by month-end, the deadline for the plan proposed by the oil giant known as Petrobras. Around 12,000 employees, or 21 percent... Continue Reading →
Brazil seizes $655 mln in assets from Odebrecht, OAS, executives
Brazil's federal auditing court TCU ordered on Wednesday the seizure of about 2.1 billion reais ($655 million) worth of assets from engineering firms Odebrecht SA and OAS SA and some of their executives, to recoup losses from contracts related to the country's biggest ever corruption scandal. Brasilia-based TCU said in a ruling that the decision... Continue Reading →
RNEST processing record in July
Rio de Janeiro, August 17, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby announces that the Abreu e Lima Refinery (RNEST) beat its processed feedstock record in July 2016, reaching 99.18 thousand barrels per day (bpd), 2.3% more than the previous record achieved in June (96.96 thousand bpd). In total, 3.07 million barrels were processed,... Continue Reading →
Unions at Petrobras fuel unit BR Distribuidora start 5-day strike
Aug 15 Workers at BR Distribuidora, the fuel unit of Brazil's state-owned oil company began a planned five-day strike on Monday to protest the planned sale of control of the distributor, the president of a union representing striking workers said. Employees of BR, formally known as Petrobras Distribuidora SA, are attempting to block fuel distribution... Continue Reading →
Technip and DOF announce the delivery of Skandi Açu and commencement of contract with Petrobras
August 16, 2016 01:00 AM Eastern Daylight Time Regulatory News: “This new state-of-the-art PLSV, with the most advanced pipelay equipment and highest flexible pipelay tension capacity in the world, demonstrates again our extensive ultra-deepwater pipelaying experience, and our commitment to enable projects offshore for our clients.” Tweet this Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) and DOF... Continue Reading →
Petrobras Result Announcement 2Q 2016
Petrobras announcement presentation 2Q 2016 Webimar and Excel Presentaion Petrobras presentation 2Q2016 PBR RMF 2Q-2016-Excel presentaion
Petrobas June 2016 Financial Statements
Main financial highlights 2Q-2016 x 1Q-2016 Net income attributable to the shareholders of Petrobras of R$ 370 million, compared to net loss of R$ 1.246 million in the 1Q-2016, as a result of: - A decrease of 30% in net finance expenses; - An increase of 7% in crude oil and natural gas total production;... Continue Reading →
Petrobras – Changes in the Board of Directors
Rio de Janeiro, August 12, 2016 - Petróleo Brasileiro S.A. - Petrobras announces that the member of the Board of Directors Walter Mendes de Oliveira Filho resigned from the position of member of the Board of Directors and from the position of Chairman of the Statutory Audit Committee of the Company. The Board of Directors... Continue Reading →
Petrobras Swings to Profit on Rising Output, Fuel Margins
A recovery in oil output and refining margins helped Petrobras reverse three quarters of straight losses as the Brazilian producer emerges from two years of graft investigations and falling crude prices. More lucrative domestic gasoline sales helped compensate for falling demand amid Brazil’s ongoing recession, the company said in a filing Thursday. Petroleo Brasileiro SA,... Continue Reading →
BRIEF-Brazil QGEP says satisfied with Statoil as partner in Carcara field
Aug 11 (Reuters) - * Brazil's oil company Queiroz Galvão Exploração e Produção (QGEP) says not exercising first rights on Carcara field sale, satisfied with Statoil as new partner after sale of asset by Brazil's state-run oil company Petrobras Further company coverage: (Writing by Reese Ewing)
