Rio de Janeiro, May 30, 2016 - Petróleo Brasileiro S.A. - Petrobras hereby announces that it received today a letter of resignation from Mr. Aldemir Bendine of Petrobras’ Board member and CEO positions. Additionally, Mr. Aldemir Bendine also resigned today, the office of Member of the Board of Petrobras Distribuidora – BR. In light of... Continue Reading →
Petrobras CEO Bendine offers resignation; replacement passes test
Petroleo Brasileiro S.A. (PETROBRAS) CEO Aldemir Bendine smiles during a news conference in Rio de Janeiro, Brazil, March 21, 2016. REUTERS/SERGIO MORAES Aldemir Bendine, chief executive officer of Brazil's state-led oil company Petroleo Brasileiro SA (PETR4.SA), offered his resignation on Monday and is set to be replaced by Pedro Parente, a source with direct knowledge... Continue Reading →
BTG Said to Seek Sale of Stake in Petrobras Africa Joint Venture
Grupo BTG Pactual, the Brazilian bank that was forced to sell assets after the arrest of its founder last year, is exploring the sale of its 50 percent stake in an African joint venture with state-run oil company Petroleo Brasileiro SA, according to people with knowledge of the matter. BTG has held sales talks with... Continue Reading →
Clarification of News Item: Appointment of Parente as CEO of Petrobras
Rio de Janeiro, May 24, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 226/2016-CVM/SEP/GEA-1, which requests the following clarifications: Official Letter 226/2016-CVM/SEP/GEA-1 “Dear Officer, We refer to the news item published today in the Empresas (Companies) section of the newspaper Valor Econômico, entitled Parente deve assumir Petrobras no dia 31 (Parente... Continue Reading →
Brazil police probe U.S. Steel venture, Tenaris pipe unit
Brazilian police said on Tuesday they investigated local units of three international steelmakers in a second day of raids probing graft at the country's state-controlled oil producer, Petroleo Brasileiro SA. Police and prosecutors allege that Apolo Tubulars, which is 50 percent owned by United States Steel, and Luxembourg-based Tenaris SA's Brazilian unit Confab were involved... Continue Reading →
Petrobras Issues US$ 6.75 billion in Global Notes
Rio de Janeiro, May 23, 2016 – Petróleo Brasileiro S.A. - Petrobras announces that it closed today a US$ 6.75 billion issuance of 5 and 10 year notes in the international capital markets. The notes were issued by Petrobras’ wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) and constitute general senior unsecured and unsubordinated obligations of... Continue Reading →
Petrobras – Changes in Management
Rio de Janeiro, May 23, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby informs the market that its Board of Directors held an extraordinary meeting today to analyze the nomination of executive Pedro Parente to the positions of Chairman of the Board of Directors and Chief Executive Officer (CEO) of the Company. At the meeting... Continue Reading →
Clarification on News: Resignation of the CEO Aldemir Bendine
Rio de Janeiro, May 20, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby answers to the Official Letter No. 222/2016/CVM/SEP/GEA-1, which requests the following clarifications: Official Letter No. 222/2016-CVM/SEP/GEA-1 “Mr. Director, We refer to the news item published today in the newspaper Estadão Online, News section, under the title: "To make the change in Petrobras... Continue Reading →
Petrobras Climbs on New CEO Appointment as Ibovespa Fluctuates
Petroleo Brasileiro SA rallied after the appointment of a new chief executive officer for the beleaguered state-controlled oil producer. The Ibovespa fluctuated. Petrobras, as Petroleo Brasileiro is known, advanced as Pedro Parente, the former president of agribusiness giant Bunge Ltd.’s Brazil unit, was named to lead the company at the heart of a graft scandal that... Continue Reading →
Petrobras reopens foreign debt markets for Brazilian corporates
Oil firm Petrobras threw open the door for Brazilian corporate issuance this week after printing a US$6.75bn bond - the first domestic company to sell foreign debt since June 2015. Days before Petrobras took the plunge, bankers were spying a window of opportunity for Brazilian borrowers on hopes a new business friendly government would pull... Continue Reading →
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