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Brazilian prosecutors on Thursday charged 12 people with a bribery scheme involving Dutch firm SBM Offshore NV, the world's top leaser of oil production ships, and state oil firm Petroleo Brasileiro SA. Police said they had four arrest orders as part of the scheme, dubbed "Operation Black Blood," though two of them involved suspects already... Continue Reading →
Dec 17, 2015 The Petrobras logo is seen in front of the company's headquarters in Sao Paulo April 23, 2015. REUTERS/PAULO WHITAKER Brazil's federal police carried out an operation on Thursday morning to deepen investigations into Dutch SBM Offshore NV, the world's top oil production ship leaser, and state oil firm Petroleo Brasileiro SA, according... Continue Reading →
12/16/2015 Rio de Janeiro, December 16, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 3762/2015-SAE, which requests the following clarifications: Official Letter 3762/2015-SAE “Dear Sirs, A news item published today in the newspaper Valor Econômico on December 16, 2015, states, among other matters, that, for the first time in eight years,... Continue Reading →
12/16/2015 Rio de Janeiro, December 16, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that its average oil and natural gas production in November in Brazil and abroad reached 2.71 million barrels of oil equivalent per day (boed), 1.8% below than the recorded in October, which was 2.76 million boed, a result of shutdowns of... Continue Reading →
12/14/2015 Rio de Janeiro, December 14, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 535/2015/CVM/SEP/GEA-1, which requests the following clarifications: Official Letter 535/2015/CVM/SEP/GEA-1 “We refer to the news item published today in the Empresas (Companies) section of the newspaper Valor Econômico, entitled Estatal e Braskem acertam preço da nafta (Petrobras and... Continue Reading →
12/14/2015 Rio de Janeiro, December 14, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 532/2015/CVM/SEP/GEA-1, which requests the following clarifications: Official Letter 532/2015/CVM/SEP/GEA-1 “1. We refer to the news item published today in the Empresas (Companies) section of the newspaper Valor Econômico, entitled: Petrobras enfrenta dificuldades para vender até ativos do... Continue Reading →
12/11/2015 Rio de Janeiro, December 11, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 531/2015/CVM/SEP/GEA-1 which requests the following clarifications: Official Letter 531/2015/CVM/SEP/GEA-1 “We refer to the news item published on December 9, 2015 in the Negócios (Business) section of the Reuters Brasil website, entitled Petrobras oferece vender até 10% da... Continue Reading →
Brazil's Petroleo Brasileiro SA (PETR4.SA), or Petrobras, is not considering selling a 10 percent stake in its giant Libra offshore oil prospect at this time, the state-run oil company said on Friday. Petrobras was responding to a report on Tuesday by Reuters that two industry sources had been told by the company that the Libra... Continue Reading →
Dec 11, 2015 Reuters Dec 11 Brazil's energy minister Eduardo Braga said on Friday that he expects Brazil's state-run oil company Petroleo Brasileiro SA to sign a naphtha supply contract with Brazilian petrochemical company Braskem SA by Dec. 15. Earlier on Friday, Braskem Chief Executive Officer Carlos Fadigas said months of talks with Petrobras, as... Continue Reading →
Apparently, all participants of the Libra field, Shell, Total, CNPC and CNOOC, have turned down the opportunity to purchase an additional 10% held by Petrobras. Having giving the participants first right of refusal, Petrobras will need to look elsewhere for a buyer. Might prove to be a difficult task in today's market.
Brazil Energy Insight 