Jun 15, 2016 7:26pm EDT Reuters The Brazil's state-run Petrobras oil company headquarters is pictured in Rio de Janeiro, Brazil, January 28, 2016. REUTERS/SERGIO MORAES Brazil's state-controlled oil company Petróleo Brasileiro SA has kicked off a competitive auction process to sell Liquigás Distribuidora SA, a subsidiary focused on the distribution and sale of liquefied natural... Continue Reading →
Petrobras – Clarification on News: Brookfield Consortium to acquire NTS
Rio de Janeiro, June 14, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 260/2016-CVM/SEP/GEA-1, which requests the following clarifications: Official Letter 260/2016-CVM/SEP/GEA-1 “Dear Officer, We refer to the news item published on this date in the Primeiro Lugar (First Place) column of Exame magazine, entitled O consórcio da Brookfield (Brookfield Consortium),... Continue Reading →
Petrobras Said Close to $6 Billion Sale of Brazil Gas Pipelines
Brazil’s troubled state-run oil company Petrobras is close to selling a 81 percent stake in a natural gas pipeline network in Brazil for nearly $6 billion to a consortium led by Brookfield Asset Management Inc, said three people with direct knowledge of the matter. The Singapore sovereign-wealth fund GIC Pte, the Chinese sovereign-wealth fund China Investment... Continue Reading →
Petrobras announces Extension of the Expiration Date of Offer to Purchase and Consent Solicitation
Rio de Janeiro, Brazil – June 15, 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 →
Petrobras’ Japan Unit Sale Said to Draw Interest From JX, Tonen
Petroleo Brasileiro S.A.’s sale of its Japanese unit on the tropical island of Okinawa is drawing interest from several companies, including JX Holdings Inc. and TonenGeneral Sekiyu K.K., according to people with knowledge of the matter. At least seven companies, including Japanese refiner Cosmo Energy Holdings, have indicated an interest in participating in the first... Continue Reading →
New CEO of Petrobras Has Good News for Brazil’s Ethanol Makers
The new chief executive officer of Petroleo Brasileiro SA looks like he’s going to be making fans in the ethanol industry. Pedro Parente, who was sworn in as the head of Brazil’s state-owned oil producer this month, has made clear that the era of government-subsidized domestic gasoline is over. That’s likely to raise prices and... Continue Reading →
Clarification on News: Details of the Deposition of Ex-Officer Nestor Cerveró
Rio de Janeiro, June 9, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 255/2016-CVM/SEP/GEA-1, which requests the following clarifications: Official Letter 255/2016-CVM/SEP/GEA-1 “Dear Officer, We refer to the news item published on June 6, 2016 in the O Pais (The Country) column of the newspaper O Globo, entitled Propinas desde 2002... Continue Reading →
Brazil bars Skanska unit from public tenders in Petrobras probe
Brazil has banned the local unit of Swedish construction company Skanska AB from doing government work for at least two years, having accused it of involvement in a bribery and kickback scandal, the Ministry of Transparency said on Thursday. The ministry said Skanska Brasil Ltda belonged to a cartel that fixed prices on contracts with... Continue Reading →
Petrobras – Oil and natural gas production in May
Rio de Janeiro, June 8, 2016 – Petróleo Brasileiro S.A. – Petrobras announces that its total production of oil and natural gas in May was of 2.83 million barrels of oil equivalent per day (boed), 5% higher than the volume produced in April (2.69 million boed) and 2% higher than the volume produced in May... Continue Reading →
Brazil’s Petrobras output rises 5 pct in May
Jun 8, 2016 8:10am EDT Reuters Brazil's Petroleo Brasileiro SA said on Wednesday that output rose 5 percent in May from April to 2.83 million barrels of oil and equivalent natural gas a day. Petrobras, as the state-run company is known, said average oil output rose 6 percent in May to 2.24 million barrels per... Continue Reading →
Brazil Energy Insight 