Rio de Janeiro, February 26, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby announces that its Board of Directors, in a meeting held today, approved the extension of the term of office of board member Luiz Nelson Guedes de Carvalho as Chairman of the Board of Directors until the next Annual Shareholders’ Meeting. As previously... Continue Reading →
Petrobras – Clarification of News Item:Testimony before the Internal Investigation Commission – Complement
Rio de Janeiro, February 26, 2016 – Petróleo Brasileiro S.A. – hereby responds to Official Letter 62/2016-CVM/SEP/GEA-1 which requests the following clarifications: Official Letter 62/2016-CVM/SEP/GEA-1 “Dear Officer, We refer to the clarifications provided in the Notice to the Market of February 18, 2016 disclosed in response to the requests in Official Letter 049/2016/CVM/SEP/GEA-1, related to... Continue Reading →
Petrobras – Term Sheet signed with CDB
Rio de Janeiro, February 26, 2016 – Petróleo Brasileiro SA – Petrobras informs that it has today signed a Term Sheet with the China Development Bank (CDB), for financing of US$10 billion. The document contains the main terms and conditions of the operation and was signed by the President of Petrobras, Aldemir Bendine, and the... Continue Reading →
Bill to Open Brazil’s Offshore Oil Fields to Foreigners Still Faces Fierce Opposition
Despite Senate vote, opponents consider measure an affront to nation’s control of natural resource By WILL CONNORS and PAULO TREVISANI/WSJ Feb. 25, 2016 RIO DE JANEIRO—Legislation to open coveted offshore oil fields in Brazil to foreign players took a major step forward this week, but still faces fierce resistance from opponents who consider the measure... Continue Reading →
Petrobras – Sale of assets
02/26/2016 Rio de Janeiro, February 26, 2016 – Petróleo Brasileiro S.A. – Petrobras, concerning the news items published in the media regarding the sale of its assets of Nova Transportadora do Sudeste (NTS), hereby announces that it began negotiations for the sale of this company. Nevertheless, until now, there are no deals signed securing the... Continue Reading →
Petrobras may get $6 billion in sale of gas pipeline system
Feb 25, 2016 Reuters The Brazil's state-run Petrobras oil company headquarters is pictured in Rio de Janeiro, Brazil, January 28, 2016. REUTERS/SERGIO MORAES Brazil's state-led oil company Petrobras is expected to fetch as much as $6 billion from the sale of a natural gas pipeline unit in Brazil's industrialized Southeast, the Valor Economico daily newspaper... Continue Reading →
Brazil Senate Votes to Limit Petrobras Role in Deep Waters
Brazil’s Senate approved legislation that relieves Petrobras of its role as sole operator and mandatory stakeholder in so-called pre-salt deepwater oilfields, potentially allowing the state-run company to direct resources to more profitable operations. Legislators on Wednesday night voted 40 to 26 in favor of the bill, which was introduced by opposition Senator Jose Serra and now goes... Continue Reading →
Swiss detain Brazilian citizen in Petrobras probe
Feb 24, 2016 Reuters The Brazil's state-run Petrobras oil company headquarters is pictured in Rio de Janeiro, Brazil, January 28, 2016. REUTERS/SERGIO MORAES Swiss authorities have arrested a Brazilian citizen linked to a criminal investigation into suspected bribes paid to former directors at Brazil's state-run oil company Petroleo Brasileiro SA, Swiss federal prosecutors said... Continue Reading →
Petrobras Said to Buy Cheniere’s First U.S. Shale Gas Export
Petroleo Brasileiro SA, Brazil’s state-owned energy company, is scheduled to receive the first cargo of shale gas to be shipped from the U.S., according to a person familiar with the deal. The shipment of liquefied natural gas was agreed to on Monday, said the person who asked not to be identified because the information isn’t public.... Continue Reading →
Brazil’s Petrobras to stop onshore drilling rigs in 6 states -Valor
Feb 23, 2016 Reuters Brazil's state-run Petroleo Brasileiro SA plans to shut down onshore drilling rigs in at least six states because of the low price of oil, newspaper Valor Economico reported on Tuesday, citing a source with knowledge of the operations. The paper said Petrobras, as the company is known, would suspend rig operations... Continue Reading →
