12/30/2015 Rio de Janeiro, December 30, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 3881/2015-SAE, which requests the following clarifications: Official Letter 3881/2015-SAE “A news item published in the newspaper Valor Econômico on December 30, 2015, states, among other matters, that Petrobras obtained a partial court victory in the United States... Continue Reading →
Scandal-hit Petrobras faces new challenge
http://www.ft.com/cms/s/0/9daaa982-a9a0-11e5-843e-626928909745.html#ixzz3vpx8YoiQ December 30, 2015 2:18 pm Scandal-hit Petrobras faces new challenge Joe Leahy in São Paulo/FT Brazil’s largest oil group must grapple with large debts and lawsuits but can count on state backing At a Christmas breakfast with journalists, Aldemir Bendine, the chief executive of Petrobras, said Brazil’s state-controlled oil company was aiming to become “smaller”... Continue Reading →
Petrobras meets asset sales goal for year after Gaspetro divestment
Dec 28, 2015 Reuters Dec 28 Brazil's state-controlled Petróleo Brasileiro SA met a $700 million goal for asset sales this year following the divestment of a minority stake in a gas distribution unit to Mitsui & Co Ltd. In a securities filing, the company known as Petrobras said that Mitsui paid on Monday 1.93 billion... Continue Reading →
Tests in the Carcará area, in the pre-salt layer of the Santos Basin, confirm high productivity
12/22/2015 Rio de Janeiro, December 22, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby announces that it concluded two formation tests in the 3-SPS-105 well, confirming the high productivity of the pre-salt carbonate reservoirs. The 3-SPS-105 well, informally known as Carcará Norte, is located in the area of the Carcará Discovery Evaluation Plan (PAD), 4.6... Continue Reading →
U.S. judge dismisses Petrobras motion, limits some funds’ claims
A U.S. judge has narrowed a class-action lawsuit by investors against Brazil's state-run oil company Petrobras over losses stemming from a bribery and political kickback scandal. But U.S. District Judge Jed Rakoff in New York otherwise denied requests by Petroleo Brasileiro SA, as Petrobras is known, to dismiss parts of the investor case. Under the... Continue Reading →
Fitch reviews Petrobras’ rating
12/17/2015 Rio de Janeiro, December 17, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that the risk rating agency Fitch reviewed Petrobras' rating from BBB- to BB+, with negative outlook. This review follows the change in the sovereign rating, as announced on 12/16/2015.
Brazil prosecutors charge 12 in SBM Offshore graft scheme
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 →
Brazil’s police launch operation to deepen probe on SBM, Petrobras
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 →
Petrobras – Clarification of News Item: Free Cash Flow
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 →
Petrobras – Oil and natural gas production in November
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 →
