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Rio de Janeiro, Brazil – July 7, 2016 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”), plans to offer additional notes of its 8.375% Global Notes due 2021 (CUSIP No. 71647N AP4 / ISIN No. US71647NAP42) (the “2021 Notes”) and 8.750% Global Notes due... Continue Reading →
Brazil on Tuesday said it will sell four areas in its prolific subsalt region by mid-2017 to speed up development of offshore oil and gas discoveries blocked by nationalist energy policies and state-run Petrobras' debt and financial woes. One of the areas will abut the giant Carcará prospect in the BM-S-8 block in Brazil's offshore... Continue Reading →
Rio de Janeiro, July 4, 2016 – Petróleo Brasileiro S.A. – Petrobras announces that it has started the process of transfer of rights of oil and natural gas exploration, development and production in shallow water fields in the states of Ceará and Sergipe. Nine concessions are being offered, which had an average production of 13... Continue Reading →
Workers repair a tank of Brazil's state-run Petrobras oil company in Cubatao, Brazil, April 12, 2016. REUTERS/PAULO WHITAKER Petrobras' plans to sell 'junk' oil fields off the coast of Brazil's Sergipe and Ceara states will do little to boost the economic prospects of the regions, hampered by company cutbacks and delays at larger discoveries nearby,... Continue Reading →
Rio de Janeiro, July 1, 2016 – Petróleo Brasileiro S.A. – Petrobras, with regard to the news items published about the new Chief Strategy, Organization and Management System Officer, announces that Mr. Nelson Luiz Costa Silva is currently the name appointed to occupy said position. The Company highlights, however, that the creation of the new... Continue Reading →
Petrobras has warned its Indian partners in a huge offshore project to not expect oil from the site until 2022, according to sources, a fresh sign of how low oil prices and the state-owned company's corruption scandal and mountain of debt are dragging on Brazil's energy industry. The previously unreported, four-year delay in the "super-giant"... Continue Reading →
Jun 30, 2016 Reuters Brazil's state-led oil company Petroleo Brasileiro SA plans to appoint Nelson Silva, the former head of BG Plc in Brazil, as chief of strategy and management, a newly created position on its senior management committee, company sources told Reuters. Silva came to Petrobras ealier this month as an advisor to new... Continue Reading →
Rio de Janeiro, June 29, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby announces that its Board of Directors approved today the new composition of the following Board of Directors' Statutory Committees: • Strategic, with the appointment of Board members Segen Farid Estefen (President) and Guilherme Affonso Ferreira and, as external member, Reinaldo Guerreiro; •... Continue Reading →
Rio de Janeiro, June 29, 2016 – Petróleo Brasileiro S.A. – Petrobras announces that the Refinaria Abreu e Lima (RNEST) reached a new record of monthly processing, with an average load of 94,800 barrels of oil per day (bpd) processed in May, exceeding the previous record of 91,000 bpd, in March 2016, by 3,800 bpd.... Continue Reading →
Workers repair a tank of Brazil's state-run Petrobras oil company in Cubatao, Brazil, April 12, 2016. REUTERS/PAULO WHITAKER Brazil's Petrobras said late Wednesday that its board of directors had created a new senior management post responsible for strategy, organization and system management to bolster long-term planning efforts and control debt and investment. The new position... Continue Reading →
Brazil Energy Insight 