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Leaders of Brazil's largest oil workers' union said on Friday they had proposed ending a 13-day strike, the most disruptive in 20 years, at state-run oil firm Petroleo Brasileiro SA, or Petrobras. The union, known as FUP, said on its website that it had made progress on its main goal of reversing investment cuts and... Continue Reading →
Friday 13, 2015 English presentation of the Petrobras Webcast 3Q, 2015 Webcast-3T15-Ingles
11/13/2015 Rio de Janeiro, November 13, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby announces that, its Board of Directors approved the appointment of Mário Vinícius Claussen Spinelli as the Company’s new Ombudsman General. As disclosed on May 15, 2015, the Company approved the restructuring of the Ombudsman General’s Office, including the appointment of a... Continue Reading →
Nov 13 Leaders of Brazil's main oilworkers' union said on Thursday that a contract offer from Petrobras falls short of their demands and sought a meeting with the company's chief executive officer to discuss their requests. Meanwhile the 12-day strike will go on, said FUP, as Brazil's largest oilworkers union federation is known, in a... Continue Reading →
Petroleo Brasileiro SA will start a road show next week to talk to investors and find “strategic partners” for its Brazilian operations as part of an effort to reduce the biggest debt load in the oil industry, Chief Financial Officer Ivan Monteiro said Thursday. Executives will travel to countries including the U.S., China, Mexico, Canada... Continue Reading →
Rio de Janeiro – November 12, 2015 - THIRD QUARTER OF 2015 RESULTS - Reviewed by independent auditors, stated in millions of Reais, prepared in accordance with International Financial Reporting Standards - IFRS issued by the International Accounting Standards Board – IASB (a free translation of the original in Portuguese). . Net income was R$ 2,102... Continue Reading →
11/12/2015 Rio de Janeiro, November 12, 2015 – Petróleo Brasileiro S.A. – Petrobras announces that filed today with the National Oil, Natural Gas and Biofuels Agency (ANP) the Declaration of Commercial of the oil accumulation in northwest of the Júpiter Discovery Evaluation Plan (PAD) – Block BM-S-24 – in the pre-salt layer of the Santos... Continue Reading →
Petroleo Brasileiro SA said its net loss narrowed in the third quarter as higher domestic fuel prices softened the blow from a global energy slump. The net loss of 3.8 billion reais compared with a loss of 5.3 billion reais a year earlier, the state-controlled Rio de Janeiro-based oil producer, known as Petrobras, said Thursday. Read... Continue Reading →
Production at P-37 rig in the Marlim field in the Campos Basin has been suspended since the 10th of November due to leakage. P-37 produces 30,000 bpd. Petrobas has inspection team on board and are yet to authorize the restart of production activities.
Federal Police estimate that at least R$42 billion were siphoned off from Petrobras between 2004 and 2014. More than double the R$20 billion estimate at the start of the "Car Wash" investigation. The estimate is based on at least a 3% graft payment from the 27 companies under investigation which contracted R$ 215 billion with Petrobras... Continue Reading →
Brazil Energy Insight 