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 →
Petrobras – Clarification on News: Pre-Salt Sale Difficulties
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 →
Petrobras – Clarification on News: Sale of Libra
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 Petrobras says not considering Libra area sale
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 →
Brazil minister expects Braskem-Petrobras naphtha deal by Dec 15
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 →
Petrobras has difficulty in selling 10% of the Libra field.
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.
Petrobras – Clarification on News: Hedge Accounting
12/10/2015 Rio de Janeiro, December 10, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 529/2015/CVM/SEP/GEA-1, which requests the following clarifications: Official Letter no. 529/2015/CVM/SEP/GEA-1 “We refer to the article published in the Economia & Negócios (Economy and Business) section of today’s edition of the newspaper O Estado de São Paulo, entitled:... Continue Reading →
Petrobras Tries American-Shale Boys’ Tack to Survive Oil Crisis
The head of Brazil’s troubled oil giant is carving a path through the the worst oil rout in a generation that would look familiar to producers throughout the U.S. shale patch: focus on the core. Petroleo Brasileiro SA is preparing to deepen spending cuts and concentrate on its best fields to confront the collapse of... Continue Reading →
Primary activity grinds to halt as Petrobras in focus
Bankers covering Latin America are ready to put 2015 behind them, as a rout in oil prices and more negative headlines out of Brazil indicate December is likely to end with virtually no issuance out of the region. Hopes that opportunistic borrowers might try to exploit a narrow window before a key Federal Reserve meeting... Continue Reading →
Petrobras CEO expects to sell $20 billion in debt in 2016
Dec 10, 2015 Petrobras CEO expects to sell $20 billion in debt in 2016: Bloomberg RIO DE JANEIRO/Reuters The Petrobras logo is seen in front of the company's headquarters in Sao Paulo April 23, 2015. REUTERS/PAULO WHITAKER Brazil's Petroleo Brasileiro SA (PETR4.SA) plans to sell about $20 billion of debt next year to finance its... Continue Reading →
