The Petrobras logo is seen in front of the company's headquarters in Sao Paulo April 23, 2015. REUTERS/PAULO WHITAKER - RTX1A1LN Brazil's state-run oil company Petroleo Brasileiro SA could get up to 2.5 billion reais ($768.07 million) from the sale of its liquefied natural gas distributor Liquigás Distribuidora SA, a local daily reported on Wednesday.... Continue Reading →
U.S. court puts Brazil’s Petrobras class action on hold
Aug 2, 2016 The Brazil's state-run Petrobras oil company headquarters is pictured in Rio de Janeiro, Brazil, January 28, 2016. REUTERS/SERGIO MORAES A U.S. appeals court put a class action case against Brazil's state-run oil company Petroleo Brasileiro SA (PETR4.SA) on hold pending the resolution of an appeal filed by the company, according to a... Continue Reading →
BRIEF-Dril-Quip and Petrobras amend contract
Reuters Aug 1 Dril-Quip Inc * Quip -on July 29, Brazilian unit and Petrobras entered amendment to four-year contract awarded by Petrobras in August 2012 * Quip -contract was awarded by Petrobras in August 2012 for supply of subsea wellhead systems and associated tools * Quip-amendment extends term of contract until October 27, 2016 pending... Continue Reading →
Update – Petrobras sells oilfield asset to Statoil for $2.5 billion- Partner in block may invoke right of first refusal
The company logo of Statoil is seen during a company results presentation in London February 6, 2015. REUTERS/TOBY MELVILLE Brazil's Petrobras on Friday agreed to sell one of its largest oil and gas prospects to Norway's Statoil for $2.5 billion, the boldest step yet by the state-led energy company to advance its stagnant asset-sale plan... Continue Reading →
Petrobras Makes its Biggest Oil Field Sale Ever to Statoil
Petroleo Brasileiro SA made its biggest oil field sale ever to Statoil ASA in a major step to meeting a $15.1 billion divestment target as it works to cut leverage and reduce expenditures. Statoil will pay $2.5 billion for Petrobras’s 66 percent operating interest in the BM-S-8 offshore license in the Santos basin, which holds... Continue Reading →
Petrobras – Sale of PetroquímicaSuape and Citepe
Rio de Janeiro, July 28, 2016 – Petróleo Brasileiro S.A. – Petrobras announces that its Executive Board approved today exclusive negotiations with the company Alpek, on a 60-day basis, renewable for a further 30 days, for the sale of its stakes in Companhia Petroquímica de Pernambuco (PetroquímicaSuape) and Companhia Integrada Têxtil de Pernambuco (Citepe). Alpek... Continue Reading →
Petrobras – Sale of Stake in Exploration Block BM-S-8
Rio de Janeiro, July 29, 2016 – Petróleo Brasileiro S.A. – Petrobras announces that, in a meeting held on July 28th, the Board of Directors approved the sale of the company’s stake in exploration block BM-S-8 to Statoil Brasil Óleo e Gás Ltda. This transaction comes about as a result of a competitive bidding process... Continue Reading →
Sale of Petrobras Argentina Completed
Rio de Janeiro, July 27, 2016 – Petróleo Brasileiro S.A. (Petrobras) announces that today it finalized the sale of its entire 67.19% stake in Petrobras Argentina (PESA), held through Petrobras Participaciones S.L. (PPSL), to Pampa Energía. The operation was completed today with the payment of US$897 million by Pampa, after all the conditions precedent in... Continue Reading →
Brazil to sell oil rights near areas Petrobras seeks to sell -ANP
Jul 28, 2016 Reuters Brazil plans to sell rights to new oil exploration and production areas at an auction in 2017 adjacent to existing blocks where state-led Petroleo Brasileiro SA seeks to sell all or part of its stake, regulator ANP said on Thursday. Magda Chambriard, director-general of the ANP, said her agency plans to... Continue Reading →
Petrobras’ platform hull builder Ecovix may delay delivery
Ecovix, a unit of the Engevix group, said it may have to delay delivery of four hulls for oil and gas production platforms intended for Brazil's state-run oil company Petroleo Brasileiro SA due to troubles securing funds from state lender Banco do Brasil . The shipbuilder, which is entangled in the massive Operation Car Wash... Continue Reading →
