Rio de Janeiro, April 7, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 148/2016/CVM/SEP/GEA-1, which requests the following clarifications: Official Letter 148/2016/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: Petrobras superestimou em US$ 45 bi o retorno... Continue Reading →
Clarification of News Item: Oil Prices – Transfer of Rights Assignment
Rio de Janeiro, April 7, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 1082/2016-SAE, which requests the following clarifications: Official Letter 1082/2016-SAE “Dear Sirs, A news item published in the April 6, 2016 edition of the newspaper Valor Econômico states that Petrobras needs oil prices to be higher than US$90 per... Continue Reading →
Swiss Regulator Probes Panama Alongside 1MDB, Petrobras
Switzerland’s financial regulator will investigate “suspicious” bank connections that have surfaced in leaked Panama documents and is stepping up probes into a troubled Malaysian development fund and Petroleo Brasileiro SA. “The leaked database from Panama is just the latest proof of how money flows like water through multiple jurisdictions, sometimes for legitimate purposes, sometimes not,”... Continue Reading →
Clarification on News: Conditions of the Loan with the China Development Bank (CDB)
Rio de Janeiro, April 04, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 140/2016/CVM/SEP/GEA-1 requesting clarifications, as transcribed below: Official Letter 140/2016/CVM/SEP/GEA-1 “Dear Executive Officer, We present clarifications about the news item published today on the O Estado de São Paulo newspaper, Seção Economia (Economy Section), under the title: “China conditions... Continue Reading →
Petrobras Chairman, Management Said Split on Gasoline Price Cuts
Petrobras Chairman Nelson Carvalho has opposed a management proposal to reduce the price of gasoline in a bid to boost sales, said a person familiar with the discussions. Jorge Celestino, the head of refining, proposed a price cut at a time Petrobras is losing market share, said the person, who asked to remain anonymous because... Continue Reading →
Petrobras – Clarification on News: Conditions of the Loan with the China Development Bank (CDB)
Rio de Janeiro, April 04, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 140/2016/CVM/SEP/GEA-1 requesting clarifications, as transcribed below: Official Letter 140/2016/CVM/SEP/GEA-1 “Dear Executive Officer, We present clarifications about the news item published today on the O Estado de São Paulo newspaper, Seção Economia (Economy Section), under the title: “China conditions... Continue Reading →
Petrobras – Clarification of News Item: Reduction in Fuel Prices
Rio de Janeiro, April 4, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 144/2016/CVM/SEP/GEA-1, which requests the following clarifications: Official Letter 144/2016/CVM/SEP/GEA-1 “Dear Officer, We refer to the news item published today in the Economy (Economy) section of the newspaper O Globo, entitled Conselho da Petrobras reage à redução de preços”... Continue Reading →
Petrobras sought arbitration for Sete Brasil talks
State-controlled Petróleo Brasileiro SA unsuccesfully sought the appointment of arbiters to rework a long-term contract with debt-laden drilling rig leaser Sete Brasil Participações SA, according to three sources with knowledge of the situation. The proposal, made in recent weeks, called on each party to name three mediators to rework the contract, said the sources, who... Continue Reading →
New Voluntary Severance Incentive Program – 2016 PIDV
04/01/2016 Rio de Janeiro, April 1, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby announces that its Executive Board has approved a Voluntary Severance Incentive Program – 2016 PIDV, open to all employees. The aim of the Program is to adjust the size of the workforce to the needs of the Business and Management Plan... Continue Reading →
Brazil’s Petrobras could lower gasoline, diesel prices Monday: paper
Apr 3, 2016 A worker paints a tank of Brazil's state-run Petrobras oil company in Brasilia, Brazil in this September 30, 2015, file photo. REUTERS/UESLEI MARCELINO/FILES Brazil's state-run fuel company Petroleo Brasileiro SA could cut gasoline and diesel prices on Monday, according to a newspaper report Sunday, reversing hikes last year meant to help the... Continue Reading →
