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 →
New Composition of Petrobras’ Board of Directors’ Statutory Committees
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 →
Petrobras – Record of RNEST’s processing in May
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 →
Brazil’s Petrobras creates new senior strategy, management position
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’s Petrobras says Abreu e Lima processed record oil in May
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 →
