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 →
Clarification of News Items: Mitsui cannot sell Gaspetro shares
Rio de Janeiro, April 25, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 178/2016/CVM/SEP/GEA-1, which requests the following clarifications: Official Letter 178/2016/CVM/SEP/GEA-1 “Dear Officer, We refer to the news item published on April 22, 2016, in the Economia (Economy) section of the newspaper O Globo, entitled: Petrobras: Mitsui não pode vender... Continue Reading →
Clarification on News: Loss of R$1.9 billion in four contracts with Andrade Gutierrez
Rio de Janeiro, April 22, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby answers to the Official Letter No. 175/2016/CVM/SEP/GEA-1, which requests the following clarifications: Official Letter No. 175/2016/CVM/SEP/GEA-1 "Dear Officer, We refer to the news item published on 04.19.2016 in Fausto Macedo's blog under the title: "Federal Police identifies loss of R$1.9 billion to... Continue Reading →
Petrobras – Oil and natural gas production in March
Rio de Janeiro, April 20, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby announces that its oil and natural gas production in March amounted to 2.55 million barrels of oil equivalent per day (boed), of which 2.36 million boe were produced in Brazil and 183,000 boed abroad. The average oil production in March was 2.02... Continue Reading →
Petrobras – Clarification on News: Business and Management Plan
Rio de Janeiro, April 19, 2016 - Petróleo Brasileiro S.A.-Petrobras hereby responds to Official Letter No. 165/2016/CVM/SEP/GEA-1, which requests the following clarifications: Official Letter No. 165/2016/CVM/SEP/GEA-1 “Dear Sir, We refer to the news item published today in the newspaper Valor Econômico, Business section, under the title: "Petrobras Plan does not reduce the volume of debt",... Continue Reading →
