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 →
Alstom, GE Accused of Decade-Old Bribes by Ex-Petrobras Official
One of the highest-ranking former executives at Petrobras has told investigators that Alstom SA and General Electric Co. paid bribes to win contracts more than a decade ago, underscoring how Brazil’s biggest corruption scandal continues to expand. Nestor Cervero, who headed the Brazilian state-controlled oil producer’s international division, told investigators that he received $700,000 in bribes... Continue Reading →
Petrobras – Sale of LNG Terminals and Thermoelectric Power Plants
Rio de Janeiro, June 7, 2016 - Petróleo Brasileiro S.A. – Petrobras announces that it began a bidding process to sell its liquefied natural gas (LNG) terminals in Rio de Janeiro and Ceará, along with the thermoelectric power plants associated with these terminals. The daily regasification capacity is of 20 million cubic meters at the... Continue Reading →
Petrobras Stock Rally Offsets Political Tension
The Ibovespa rose for the fourth time in five days as state-controlled Petroleo Brasileiro SA followed oil higher, offsetting increased political tension. Petrobras, as the Brazilian oil producer is known, contributed the most to the benchmark equity index’s advance as Brent crude advanced to an eight-month high. The rally overshadowed concern it may be difficult... Continue Reading →
Clarification of News Item: No Conflict of Interest between the Presidency of Petrobras and the Chair of the Board of Directors of the BM&FBOVESPA
Rio de Janeiro, June 6, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 237/2016-CVM/SEP/GEA-1.which requests the following clarifications: Official Letter 237/2016-CVM/SEP/GEA-1 “Dear Officer, We refer to the Notice to the Market disclosed by BM&FBOVESPA S.A. – Securities, Commodities and Futures Exchange on May 20, 2016, which contains the following affirmations: BM&FBOVESPA... Continue Reading →
