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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's state-led oil company Petroleo Brasileiro SA offered striking workers a 9.54 percent wage hike on Wednesday in an effort to end a 10-day strike and prevent it from causing further production losses. But union officials said the deal makes almost no concessions on their most important demands. These include calls on Petrobras, as the... Continue Reading →
11/11/2015 Rio de Janeiro, November 11, 2015 – Petróleo Brasileiro S.A. – Petrobrás hereby responds to Official Letter 457/2015/CVM/SEP/GEA-1, which requests the following clarifications: Official Letter no. 457/2015/CVM/SEP/GEA-1 “We refer to the news published today in the Empresas (Companies) section of Valor Econômico newspaper, entitled Refinarias 'premium' tinham 98% de chance de dar prejuízo, diz... Continue Reading →
11/11/2015 Rio de Janeiro, November 11, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 458/2015/CVM/SEP/GEA-1 requesting clarifications, as transcribed below: Official Letter 458/2015/CVM/SEP/GEA-1 “We refer to the news item published on November 8, 2015 in Miriam Leitão’s column in the newspaper O Globo, entitled Retrato da Corrupção (Portrait of Corruption), which... Continue Reading →
Union members of Sindipetro, on strike, report leakage on P 37 oil rig in the Campos Basin. The rig is being operated by a Petrobras contingency crew. No confirmation from Petrobras as of this writing. Keep you posted.
