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 →
Brazil’s Petrobras kicks off auction process to sell Liquigás
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 →
