Reuters Brazil's state-controlled oil company Petroleo Brasileiro SA (Petrobras) said on Wednesday its Abreu e Lima refinery processed a monthly record 94,800 barrels per day of oil in May. The refinery in Pernambuco, known for outlandish cost overruns during construction, produced 330,200 cubic meters of S-10 diesel last month, worth 28.2 percent of Petrobras' output... Continue Reading →
Petros Supplementary Pension Plan
Rio de Janeiro, June 23, 2016 – Petróleo Brasileiro S.A. – Petrobras announces that the Deliberative Board of Petros approved, at a meeting held today, the Actuarial Statement of the Petros Plan of the Petrobras System (PPSP), related to 2015, having been confirmed the disclosure of a deficit of the Plan above the tolerance limit... Continue Reading →
Petrobras announces Extension of the Expiration Date, Increase of Consideration and Payment of Soliciting Dealer Fee for Offer to Purchase and Consent Solicitation
Rio de Janeiro, Brazil – June 24, 2016 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) hereby announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) is amending the terms of its previously announced offer to purchase for cash any and all of PGF’s 8.375% Global Notes due 2018 (the “2018 Notes”), and... Continue Reading →
Brazil’s Petrobras says its pension fund has $6.8 bln shortfall
Brazil's state-led oil company Petrobras said on Thursday its pension fund has 22.6 billion reais ($6.8 billion) in unfunded liabilities, a new financial burden for what is already one of world's most indebted firms. The shortfall at the country's second-largest pension fund is the latest setback to Petrobras' efforts to preserve cash needed to pay... Continue Reading →
Norwegian pension fund dumps Petrobras over corruption
Concerns that bribery scandal at Brazilian state-controlled oil company will spread by: Madison Marriage and Joe Leahy/FT Norway’s largest pension fund has blacklisted Petrobras over concerns that the state-controlled oil company at the centre of a Brazilian bribery scandal is prone to further corruption problems beyond its home market. KLP, which oversees NKr553bn ($67bn) of assets, said it would... Continue Reading →
Petrobras – Clarification on News: Sale of NTS
Rio de Janeiro, June 17, 2016 – Petróleo Brasileiro S.A. – Petrobras complies with Official Letter 266/2016-CVM/SEP/GEA-1 which requests clarifications as transcribed below: Official Letter 266/2016-CVM/SEP/GEA-1 “Dear Executive Officer, “We refer to the news item published today on the O Globo newspaper, Economy Section, under the title: “Petrobras is about to sell a gas pipeline... Continue Reading →
Petrobras received bids for fuels unit in recent days: CEO
New chief executive of Brazil's state-run oil company Petroleo Brasileiro SA, Pedro Parente, gestures during his inauguration ceremony in Rio de Janeiro, Brazil, June 2, 2016. REUTERS/SERGIO MORAES The new chief executive of Petroleo Brasileiro SA on Thursday said the state-run oil company has received offers to buy a stake in its fuels-retailing unit BR... Continue Reading →
Petrobras plans re bid unfinished works at Comperj by the end of 2016
16/06 / 2016 ABEGAS Petrobras intends to return to the market this year to re bid certain unfinished works of the Petrochemical Complex of Rio de Janeiro State (Comperj) in Itaboraí (RJ), which had their service interrupted over the past few months. The company's expectation is to re bid the construction of the natural... Continue Reading →
Update related to the Class Action in the United States
Rio de Janeiro, June 15, 2016 – Petrobras informs that the United States Court of Appeals for the Second Circuit issued an order today granting Petrobras’s petition to permit an appeal from the order of the District Court in which the District Court certified classes in the securities litigation. The District Court’s order was disclosed... Continue Reading →
New well in Libra confirms extension of oil discovery
Rio de Janeiro, June 15, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby announces that the Libra Consortium has concluded the drilling and appraisal of the seventh well in the block, located in the pre-salt layer of the Santos Basin. The new well has discovered Libra’s largest net pay to date, with 410 meters of... Continue Reading →
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