By Kevin Allison and Neil Unmack The author is a Reuters Breakingviews columnist. The opinions expressed are his own. It would be hard for Brazil to let Petroleo Brasileiro go. The embattled oil company is hobbled by rising debt with bond yields pricing in a high degree of distress. The government of President Dilma Rousseff... Continue Reading →
OTC Brasil Highlights
OTC Brasil Nov. 27-29, Rio de Janeiro OTCBrasil29Nov2015
Tax tangle arises as Brazil starts importing U.S. condensate
Petrobras' move to start buying processed U.S. condensate will help output at its domestic refining network, but the purchases have exposed a wrinkle in Brazilian law that could allow the state-run company to import the light oil duty-free, tax lawyers and traders said. Typically, condensate is considered a very light form of crude found in... Continue Reading →
Petrobras – Clarification on News: Indemnification for piped gas service to Fafen
Petrobras - Clarification on News: Indemnification for piped gas service to Fafen 10/28/2015 Rio de Janeiro, October 28, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby responds to BM&FBovespa Official Letter 3229/2015-SAE requests clarification, as transcribed below: BM&FBovespa Official Letter 3229/2015-SAE “A news item published in Valor Econômico newspaper on October 27, 2015 states, among... Continue Reading →
Petrobras – 3rd Quarter 2015 Results Release Date
Petrobras - 3rd Quarter 2015 Results Release Date 10/27/2015 Rio de Janeiro, October 27th 2015 – Petróleo Brasileiro S.A. – Petrobras informs that it will release its 3rd Quarter 2015 results on November 12th, 2015, after the market is closed. Therefore, from October 29th to November 12th, the Company will be in quiet period, during... Continue Reading →
How A Lone Oil Rig Embodies the Brazil Boom That Never Was
Oil majors had big plans for Brazil, but you can’t tell by looking at the country’s offshore drilling these days. After crude was first struck in the pre-salt formation in the seas off Rio de Janeiro, producers including BP Plc and Total SA were ready to flock to Brazil with billions of dollars in investments.... Continue Reading →
Brazil Set to Ease Procurement Rules for Oil, Lobby Group Says
Brazil is expected to loosen regulations in the oil industry on contracting goods and services after current restrictions dampened demand during a recent licensing round, an industry group said. The changes, under study by the Energy Ministry and that still need to be signed by president Dilma Rousseff, would make Brazilian projects more competitive amid... Continue Reading →
Technip Awarded a Substantial Contract to Supply the First Flexible Pipes for the Libra Pre-Salt Field | Business Wire
Technip Awarded a Substantial Contract to Supply the First Flexible Pipes for the Libra Pre-Salt Field Confirming its strong expertise in deepwater and leveraging its technological leadership October 27, 2015 02:00 AM Eastern Daylight Time PARIS--(BUSINESS WIRE)--Regulatory News: “gas injection flexible pipes. Designed to produce the first Libra field oil, they are the first 8’’... Continue Reading →
Petrobras – Approval of Sale of Interests in Gaspetro
Petrobras - Approval of Sale of Interests in Gaspetro 10/23/2015 Rio de Janeiro, October 23, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby announces that, continuing the operation announced on September 22, 2015, its Board of Directors, in a meeting held today, approved the sale to Mitsui Gás e Energia do Brasil Ltda of 49%... Continue Reading →
Clarification of News item: Petrobras has already received a proposal to acquire part of BR
Clarification of News item: Petrobras has already received a proposal to acquire part of BR 10/23/2015 Rio de Janeiro, October 23, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 425/2015/CVM/SEP/GEA-1 requesting clarifications, as transcribed below: Official Letter 425/2015/CVM/SEP/GEA-1 “We refer to the news item published today in the Empresas (Companies) section... Continue Reading →
Brazil Energy Insight 