Petrobras - Clarification on news: Notice from the Bahia state government against the sale of Gaspetro 10/15/2015 Rio de Janeiro, October 15, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby complies with OFFICIAL LETTER 409/2015/CVM/SEP/GEA-1, which requests clarifications as follows: OFFICIAL LETTER No 409/2015/CVM/SEP/GEA-1 “We refer to the news article published on this date in... Continue Reading →
Petrobras – Fitch reaffirms Petrobras’ global ratings
Petrobras - Fitch reaffirms Petrobras’ global ratings 10/15/2015 Rio de Janeiro, October 15th, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that the rating agency Fitch has reaffirmed Petrobras’ global ratings at BBB-, with a negative outlook. Thus, Petrobras continues to be classified as an investment grade company for this agency. Fitch points out in... Continue Reading →
Fitch keeps Petrobras rating at the cusp of investment grade
Unlike Moody's and S&P that have downgraded Petrobras to junk, Fitch kept the rating of the company at a notch above junk and maintaining its investment grade same as the sovereign rating of Brazil but with a negative outlook at "BBB-".
Petrobras – Clarification on news: Business in Benin
Petrobras - Clarification on news: Business in Benin 10/14/2015 Rio de Janeiro, October 14, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby complies with OFFICIAL LETTER 405/2015/CVM/SEP/GEA-1, which requests clarifications as follows: OFFICIAL LETTER No 405/2015/CVM/SEP/GEA-1 “We refer to the news article published on October 11, 2015 in the O Globo newspaper, O País [The... Continue Reading →
Petrobras – Clarification of News Item: Negotiations of Petrobras Distribuidora Shares with Foreign Investors
Petrobras - Clarification of News Item: Negotiations of Petrobras Distribuidora Shares with Foreign Investors 10/14/2015 Rio de Janeiro, October 14, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby responds of Official Letter 407/2015/CVM/SEP/GEA-1, as transcribed below: Official Letter 407/2015/CVM/SEP/GEA-1 We refer to the news item published in the Painel section of the October 11, 2015... Continue Reading →
UPDATE 1-Petrobras begins search for fuel distribution unit partner
State-controlled oil producer Petróleo Brasileiro SA has begun a search for a strategic partner for fuel distribution unit BR Distribuidora, which in recent weeks scrapped an initial public offering plan in light of deteriorating market conditions. In a securities filing on Wednesday, the board of Petrobras, as the oil firm is commonly known, gave the... Continue Reading →
Petrobras Said to Cancel Local Bond Sale Amid Weak Demand
Petroleo Brasileiro SA, the world’s biggest junk-rated borrower, canceled a plan to sell 3 billion reais ($790 million) of local bonds, according to a person familiar with the matter. Petrobras couldn’t raise as much as it wanted because of lackluster demand after the state-controlled oil producer’s credit rating was cut to junk by Standard &... Continue Reading →
Petrobras – Drilling of new wells confirms the Libra area potential
Petrobras - Drilling of new wells confirms the Libra area potential 10/14/2015 Rio de Janeiro, October 14, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that the consortium responsible for the Libra area, in the pre-salt of Santos Basin, has concluded the drilling of well 3-BRSA-1310-RJS, located in the central portion of the block. This... Continue Reading →
Petrobras saved $3.8 billion this year by managing debt better: CE
Wed Oct 14, 2015 Petrobras saved $3.8 billion this year by managing debt better: CEO Reuters People walk in front of the Petrobras headquarters in Rio de Janeiro February 2, 2015. REUTERS/SERGIO MORAES Brazilian state-run oil company Petroleo Brasileiro SA has saved $3.8 billion this year by improving the way it manages its debt, Chief... Continue Reading →
UPDATE 1-Brazil cuts oil output outlook
RIO DE JANEIRO, Oct 14 (Reuters) - Brazil's oil regulator ANP cut its outlook for petroleum production in Brazil to 4 million barrels a day in 2025 or 2026 from 4.5 million barrels a day in 2022, the agency's director general Magda Chambriard said on Wednesday. The reduction comes after a decline in oil prices,... Continue Reading →
Brazil Energy Insight 