One person was burned when a unit that makes diesel ruptured on Saturday morning in a ground-shaking blast at the Pasadena, Texas, refinery owned by Brazil's national oil company Petrobras, the company said. Petrobras said in a statement the fire, which started around 10:15 a.m. CT, had been contained by mid-afternoon at the 100,000 barrel... Continue Reading →
Petrobras to report 2015 results on March 21
Mar 7, 2016 Petroleo Brasileiro SA will report its 2015 financial results on March 21 after market close.
Petrobras – Clarification on News: Losses from the Refinery in Japan
03/04/2016 Rio de Janeiro, March 4, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 71/2016-CVM/SEP/GEA-1, which requests the following clarifications: Official Letter 71/2016-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 perde US$1.95 bi no Japão (Petrobras... Continue Reading →
Brazil says onshore assets for sale produce under 2 percent of output
Mar 4, 2016 Reuters A worker paints a tank of Brazil's state-run Petrobras oil company in Brasilia, Brazil September 30, 2015. REUTERS/UESLEI MARCELINO Brazil's state-run oil company Petroleo Brasileiro SA said on Friday it plans to sell its rights to 104 onshore oil and gas concessions, part of efforts to raise cash and focus increasingly... Continue Reading →
Brazil’s Petrobras Probe Takes Another Twist
By Editorial Board The detention of Brazil’s former president Luiz Inacio Lula da Silva marks a new stage in the corruption probe that has all but paralyzed the government for the past two years. Meanwhile, as that drags on, the economy keeps spiraling downward. One way or another, Brazil urgently needs to resolve the scandals... Continue Reading →
Brazil January oil, natural gas output falls to 14-month low
Output of oil and natural gas in Brazil fell to its lowest in 14 months in January as companies performed maintenance on offshore oil platforms, the country's petroleum regulator ANP said on Thursday. Forty-three companies in Brazil produced an average of 2.965 million barrels of oil and equivalent natural gas a day (boepd) in the... Continue Reading →
Clarification on News: Petrobras loses discussion in Higher Chamber of Tax Appeals
Rio de Janeiro, March 2, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 559/2016-SAE which requests the following clarifications: Official Letter 559/2016-SAE “Dear Sirs, A news item published in the March 2, 2016 edition of the newspaper Valor Econômico states that Petrobras lost the discussion involving R$7.3 billion in the Higher... Continue Reading →
Pampa offers Petrobras about $1.2 billion for its Argentine unit
Argentina's Pampa Energia SA offered Brazilian state-run oil company Petroleo Brasileiro SA about $1.2 billion to buy its 67.2 percent stake in Petrobras Argentina SA, a source with direct knowledge of the bid said on Wednesday. The board of Petrobras (PETR4.SA), as the Brazilian company is known, has approved exclusive talks with Pampa (PAM.BA) for... Continue Reading →
Petrobras Needs Cash Injection of Up to $26 Billion, Maua Says
Brazil’s state-run oil producer Petrobras needs a capital injection of as much as 100 billion reais ($25.5 billion) to balance its finances, even if it takes three years to complete, saidLuizFernandoFigueiredo, a former central bank director and Chief Executive Officer of Maua Capital. “Everyone knows that Petrobras needs to be capitalized at some moment, and... Continue Reading →
Petrobras – Sale of Onshore Fields
03/02/2016 Rio de Janeiro, March 2nd, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that its Executive Board has approved the initiation of the process of transfer of rights of oil and natural gas exploitation, development and production in certain onshore fields, as well as the sale of the assets related to these concessions. This... Continue Reading →
