Jan 9, 2016 Reuters Brazilian oil regulator ANP has proposed an increase in royalties that could help to shore up state and federal finances at the expense of heavily indebted state-run oil company Petrobras, newspaper Folha de S.Paulo reported on Saturday. Folha said the measure, which is open to public consultation until March 10, could... Continue Reading →
Petrobras gets waiver to boost output at Brazil RNEST refinery
Mon Jan 11, 2016 Reuters A flag of Brazil's state-run Petrobras oil company is pictured at a gas station in Mariana, Brazil, November 11, 2015. REUTERS/RICARDO MORAES Brazil's government-run oil company Petrobras got a waiver of pollution control requirements from the state of Pernambuco for its RNEST refinery, allowing it to boost output to 100,000... Continue Reading →
Brazil probes 13 banks for Schahin, Petrobras operations: report
Brazil's federal tax authority and prosecutors are investigating 13 foreign and local banks for possible financial crimes intermidiating loans to Brazilian engineering group Schahin, newspaper O Estado de S. Paulo reported on Monday. The banks under investigation include the investment banking unit of Itau Unibanco Holding SA, Itau BBA, Banco Bradesco SA, Banco Santander SA,... Continue Reading →
Petrobras – Clarification on News: Investment in 2016
01/07/2016 Rio de Janeiro, January 7, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 61/2016-SAE, which requests the following clarifications: Official Letter 61/2016-SAE “A news item published by Agência Estado – Broadcast on January 7, 2016 states, among other information, that: ü Petrobras’ budget this year will be R$75.6 billion, 9%... Continue Reading →
Brazil prosecutors study text messages to Rousseff aide, Petrobras CEO: paper
Brazilian prosecutors are investigating text messages from an engineering executive that may show President Dilma Rousseff's chief of staff favored construction firms that donated to his party while he was state governor, the Estado de S. Paulo newspaper reported on Thursday. A separate set of messages from the same executive may indicate Aldemir Bendine, chief... Continue Reading →
Petrobras 5-year investment plan to make more cuts -paper
Thu Jan 7, 2016 Reuters Brazilian state-run oil company Petrobras will present a five-year investment plan in coming weeks that is even leaner than the $19 billion announced in October, newspaper Estado de S. Paulo reported on Thursday. The plan will likely be presented in February, the newspaper said, citing anonymous sources. In addition to... Continue Reading →
Sete Brasil Rig Venture Said to Mull Bankruptcy Filing in Brazil
Grupo BTG Pactual and other investors in a troubled drilling-rig supplier will meet this month and decide whether Sete Brasil Participacoes SA will file for bankruptcy protection after oil prices collapsed and it was cited in a sprawling corruption scandal, four people with direct knowledge of the matter said. Shareholders may vote to seek legal... Continue Reading →
Petrobras ends rig contract with Ensco over bribe charges
Wed Jan 6, 2016 Reuters Petrobras ends rig contract with Ensco over bribe charges The logo of Brazil's state-run Petrobras oil company is pictured outside its headquarters in Rio de Janeiro, Brazil, December 17, 2015. REUTERS/RICARDO MORAES Rig contractor Ensco Plc said Brazilian oil producer Petrobras has ended a contract for a drillship over allegations... Continue Reading →
Petrobras Oct. 2015 report – for future comparison purposes
In a few weeks Petrobras will release an update of this report. I am re-posting the Oct/2015 report to keep at hand for comparison purposes and to draw your attention to slide 22 comparing the old development plan with the newer version. Petrobras Update_Oct2015
Mitsubishi-led group exiting stake in Brazil shipyard -report
A group of Japanese shipbuilders led by Mitsubishi Heavy Industries Ltd (MHI) plans to exit its 30 percent stake in Brazilian shipbuilder Ecovix and declare the investment as a loss, Valor Economico newspaper reported on Tuesday. The group led by MHI plans to sell its stake in Ecovix, which it bought in 2013 for about... Continue Reading →
Brazil Energy Insight 