Mar 28, 2016 People leave the headquarters building of Petroleo Brasileiro S.A. (PETROBRAS) in Rio de Janeiro, Brazil, March 21, 2016. REUTERS/SERGIO MORAES Brazil's state-run oil producer Petroleo Brasileiro SA will hold a shareholder meeting on April 28 to vote on proposed changes to the company's board, the company said in a statement on Monday.... Continue Reading →
Petrobras Bondholders See Rare Bright Spot in Brazil’s Currency
Petroleo Brasileiro SA is becoming less of a default risk in the eyes of bondholders, despite the oil producer’s mounting losses in the wake of an unprecedented bribery scandal. That’s because the Brazilian real’s 8.1 percent surge this year against the dollar -- the second-biggest gain in the world -- is bolstering the state-controlled company’s... Continue Reading →
Brazil power regulator to approve generator debt plan
Mar 24, 2016 Reuters Brazil power regulator to approve generator debt plan Brazil's electricity regulator Aneel is expected to approve on Tuesday a plan for power generators to repay debt to state-run oil firm Petrobras and other creditors, two sources with direct knowledge of the deal said on Thursday. The plan calls for generators to... Continue Reading →
Petrobras Clarification of News Item: Time of Results Disclosure on the NYSE
03/23/2016 Rio de Janeiro, March 23, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 121/2016/CVM/SEP/GEA-1, which requests the following clarifications: Official Letter 121/2016/CVM/SEP/GEA-1 “Dear Officer, We refer to the news item published on this date in the Economia (Economy) section of the newspaper O Globo, entitled Petrobras tem novo prejuízo histórico... Continue Reading →
Clarification on News: Investigation by the Federal Accounting Court (TCU) of Petrobras’ headquarters in Vitória
03/22/2016 Rio de Janeiro, March 22, 2016 – Petróleo Brasileiro S.A. – Petrobrás hereby responds to Official Letter 119/2016/CVM/SEP/GEA-1, which requests the following clarifications: Official Letter 119/2016/CVM/SEP/GEA-1 “Dear Officer, We refer to the news item published today in the Radar Online column, under the title: “TCU extends investigation on Petrobras’ headquarters in Vitória”, including the... Continue Reading →
Petrobras Clarification on News: Cash balance in 2016
03/22/2016 Rio de Janeiro, March 22, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 780/2016-SAE, which requests the following clarifications: Official Letter 780/2016-SAE “Dear Officer, In an article published by Agência Estado – Broadcast newspaper, in 03.22.2016, states, among other information, that: 1. Petrobras plans to end the year 2016 with... Continue Reading →
Petrobras Clarification of News Item: Lawyers’ Fees – Nestor Cerveró
03/21/2016 Rio de Janeiro, March 21, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 117/2016-CVM/SEP/GEA-1, which requests the following clarifications: Official Letter 117/2016-CVM/SEP/GEA-1 “Dear Officer, We refer to the news item published on March 15, 2016 in the electronic medium O Antagonista, entitled: Dida autorizou Petrobras a bancar advogado de Cerveró... Continue Reading →
Petrobras Clarification on News: Sale of Control of BR Distribuidora
03/21/2016 Rio de Janeiro, March 21, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 118/2016-CVM/SEP/GEA-1, which requests the following clarifications: Official Letter 118/2016-CVM/SEP/GEA-1 “Dear Officer, We refer to the news item published on March 18, 2016 in the electronic medium REUTERS BRASIL, entitled Petrobras considera abrir mão de controle da BR... Continue Reading →
UPDATE 1-Petrobras reinventing itself after oil price drop -CFO
Brazil's state-controlled oil company Petrobras is being forced to turn itself into a smaller operation as crude prices have fallen more than expected, making it impossible to finance its once-ambitious plans, the company's chief financial officer said on Tuesday. CFO Ivan Monteiro made the comment on a conference call with investors a day after Petroleo... Continue Reading →
Petrobras Results Announcements
Presentation of webcast, 22/03/2016 4th Quarter 2015 and Fiscal year 2015 PBR 4th Q 2015 webcast presentation