May 5, 2016 Reuters * Ensco Plc - Concluded discussions with Petrobras regarding revised commercial terms with respect to some rig contracts - SEC Filing * Ensco Plc - Ensco 6002 has had its contract term extended to December 2019 * Ensco Plc - Previous downtime on Ensco 6001 that could have been applied toward... Continue Reading →
Petrobras – Clarification on News: Announcement of Sale of Assets
Rio de Janeiro, May 04, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby answers to the Official Letter No. 193/2016/CVM/SEP/GEA-1, which requests the following clarifications: Official Letter No. 193/2016-CVM/SEP/GEA-1 “Mr. Director, We refer to the news item published today in the blog Radar Online, of Revista Veja, under the title: "Pretrobras waits the release of... Continue Reading →
Sale of Petrobras Argentina
Rio de Janeiro, May 3, 2016 – Petróleo Brasileiro S.A. – Petrobras, in reference to the Material Facts disclosed on 01.20.2016, 03.02.2016 and 04.08.2016, informs that concluded the negotiations with Pampa Energía of the main terms and conditions for the sale of its entire stake in Petrobras Argentina (PESA), owned through Petrobras Participaciones S.L. ("PPSL").... Continue Reading →
Petrobras – Sale of distribution assets in Chile
Rio de Janeiro, May 3, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that concluded the negotiations with Southern Cross Group of the main terms and conditions for the sale of 100% of Petrobras Chile Distribución Ltda. (“PCD”), owned through Petrobras Caribe Ltd. Southern Cross Group is a private equity fund, founded in 1988, with... Continue Reading →
Petrobras to Raise $1.4 Billion Selling Argentina, Chile Assets
Bloomberg Petrobras has agreed to sell assets in Argentina and Chile for about $1.4 billion as Brazil’s state-controlled oil producer looks to raise cash and focus on deep-water projects in Brazil. The Rio de Janeiro-based producer has completed negotiations to sell its 67.2 percent stake in Petrobras Argentina SA to Pampa Energia SA for $892... Continue Reading →
Petrobras Boomtown Turns Desolate as Refinery’s Billions Vanish
Located just 30 miles east of Rio de Janeiro’s bustling Copacabana beach, Itaborai looks like many oil boomtowns after the bust -- except the deserted stores and empty glass towers that loom over this town of 220,000 speak of some bigger cataclysm than the collapse of crude prices. “They said this would be the new oil city,”... Continue Reading →
Brazil Oil Industry Sees Reforms Advancing If Government Changes
Brazil is more likely to reform its struggling oil industry to attract investments if there is a change in government, some of the country’s top oil executives said at an industry gathering in Houston. Brazil is expected to ease Buy in Brazil restrictions and auction exploration acreage more regularly if a new government takes over, Jorge... Continue Reading →
Petrobras Board May Be Changed by Possible Temer Government
Petroleo Brasileiro SA could change its new board of directors under a new government, adding to uncertainty about leadership at the state-controlled producer as President Dilma Rousseff fights an uphill impeachment battle. The government, which controls Petrobras through a majority of voting shares, can call a shareholders meeting to replace its seven representatives at any... Continue Reading →
Brazil bars Mendes Junior from government tenders in Petrobras scandal
Brazil's comptroller general said it had barred builder Mendes Junior Engenharia from public tenders for at least two years on Thursday, making it the first engineering company to be penalized for involvement in the Petrobras corruption scheme. While a dozen other engineering companies have come forward to negotiate leniency deals with the comptroller general's office,... Continue Reading →
Petrobras – 1st Quarter 2016 Results Release Date
Rio de Janeiro, April 27, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that it will release its 1st quarter 2016 results on May 12nd,after the market is closed. Therefore, between April 28th and May 12nd, the Company will be in quiet period, during which Petrobras will not be able to provide clarifications or comment... Continue Reading →
Brazil Energy Insight 