Rio de Janeiro, July 11, 2016 – Petróleo Brasileiro S.A. (Petrobras) announces that its total oil and natural gas production in June was 2.90 million barrels of oil equivalent per day (boed), a new monthly record for the company, beating its previous record of 2.88 million boed, set in August 2015. June’s output was up... Continue Reading →
Brazil’s Petrobras oil, gas production up 2 pct in June
Jul 11, 2016 Reuters Brazilian state-run oil company Petrobras said on Monday it produced 2.9 million barrels equivalent of oil and natural gas per day in June, an increase of 2 percent compared with May. Petroleo Brasileiro SA, as the company is formally known, said oil production reached a daily average of 2.3 million barrels... Continue Reading →
Petrobras announces the pricing of reopening of outstanding series of Global Notes and increase of Tender Cap
RIO DE JANEIRO, BRAZIL – JULY 7, 2016 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces the pricing of 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 2026 (CUSIP No. 71647N AQ2 / ISIN No. US71647NAQ25)... Continue Reading →
Brazil committee votes to end exclusive Petrobras subsalt rights
July 7. A bill that would allow companies other than state-led Petrobras to run new oil and gas projects in Brazil's prolific subsalt region advanced on Thursday when a committee of the lower house of Congress voted to recommend it in hopes of reviving stalled petroleum investment. The bill, already passed by Brazil's Senate, will... Continue Reading →
Petrobras announces Reopening of Outstanding Series of Global Notes and Commencement of Cash Tender Offers
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 2017 subsalt oil rights sale to unlock stalled fields
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 →
Petrobras -Sale of Shallow Water Assets
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 →
Petrobras to sell ‘junk’ fields as big finds delayed
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 →
Petrobras – Clarification about the Chief Strategy, Organization and Management System Officer
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’ Indian partners fight delay in troubled Brazil oil project
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 →
