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Brazil has told Dutch SBM Offshore NV, the world's top oil production ship leaser, to agree soon to a $250 million bribery settlement if it wants to regain its biggest client in the world's largest oilship market, a government source told Reuters. The ultimatum gives SBM several days to sign a leniency deal that includes... Continue Reading →
Pimco sues Brazil’s Petrobras for fraud Bloomberg By WILL CONNORS RIO DE JANEIRO--Add giant investment firm Pacific Investment Management Co. to the list of entities suing Brazil’s troubled state-run oil company Petroleo Brasileiro SA. California-based Pimco claims in its lawsuit that Petrobras PBR, -1.00% PETR4, -0.62% misled investors about the scope and scale of a... Continue Reading →
The five Brazilian banks owed $3.6 billion from Sete Brasil, a company set up to build offshore drill-rigs for state-led oil company Petroleo Brasileiro SA, will extend a repayment deadline into next year, the Estado de S.Paulo newspaper reported on Tuesday. The debt, owed to state-led Banco do Brasil SA and state-owned Caixa Economica Federal... Continue Reading →
Sevan Drilling Ltd: Press Release 16.10.2015 Reference is made to the Company's press release dated 29 June, 2015, regarding Brazilian authorities' investigation into corrupt activities involving Petrobras. In 2011, Sevan Drilling was separated out from the 100% ownership of Sevan Marine ASA and listed separately on the Oslo stock exchange.The Company notes that Sevan Marine... Continue Reading →
Petrobras - Oil and natural gas production in September 10/16/2015 Rio de Janeiro, October 16, 2015 – Petróleo Brasileiro S.A. – Petrobras announces that its average production of oil and natural gas, in Brazil and abroad, was 2.72 million barrels of oil equivalent per day (boed) in September 2015, compared to 2.88 million boed produced... Continue Reading →
For much of the past year, Petroleo Brasileiro SA’s unrelenting rout has pushed down bond prices to new lows day after day. Now, Deutsche Bank AG is finally starting to see value in the state-controlled oil producer’s debt. The strategy is simple: buy its $3.35 billion of notes due in 2017 -- whose yields have more... Continue Reading →
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 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 →
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 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 →
