Petrobras - Resignation of Petrobras Distribuidora CEO Rio de Janeiro, September 16, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that the CEO of Petrobras Distribuidora (BR), Mr. José Lima de Andrade Neto, has resigned today for health reasons. The CFO of Petrobras Distribuidora, Mr. Carlos Alberto Tessarollo, who was already replacing Mr. Lima during... Continue Reading →
Petrobras – Oil and Natural Gas Production in August
Petrobras - Oil and Natural Gas Production in August 09/16/2015 Rio de Janeiro, September 16, 2015 – Petróleo Brasileiro S.A. – Petrobras announces that its average production of oil and natural gas, in Brazil and abroad, was 2.88 million barrels of oil equivalent per day (boed) in August 2015, an increase of 3.1% compared to... Continue Reading →
Petrobras – Clarification on News: Unprecedented expense cuts
Petrobras - Clarification on News: Unprecedented expense cuts Rio de Janeiro, September 14, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby responds to BM&FBovespa Official Letter 2851/2015-SAE, which requests the following clarifications: BM&FBovespa Official Letter 2851/2015-SAE “We request that you provide clarification, by 9:00 a.m. on September 15, 2015, of the content of the article... Continue Reading →
Petrobras – Clarification on News: Rental of Drilling Rigs/Sete Brasil – Further Explanation
Petrobras - Clarification on News: Rental of Drilling Rigs – Further Explanation 09/15/2015 Rio de Janeiro, September 15, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 354/2015/CVM/SEP/GEA-1, which requests the following clarifications: Official Letter 354/2015/CVM/SEP/GEA-1 “We report hereby to the to the above Official Letter, we request that you verify about... Continue Reading →
Petrobras Oil Output May Face Interruptions If Workers Strike
Petrobras Oil Output May Face Interruptions If Workers Strike Oil production in Brazil may be interrupted if Petroleo Brasileiro SA workers decide to strike for an extended period, said Deyvid Bacelar, the company’s board member representing workers. Workers may decide whether to go on strike as soon as Friday, Bacelar, who is also an oil union... Continue Reading →
Petrobras Chairman of the board leave of absence
Strong rumors from reliable sources point to possible final resignation of Murilo Ferreira as Chairman of Petrobras. The latest downgrade by S&P to junk level and infighting at the Petrobras Board of Directors might be the real reasons for the leave of absence. We are monitoring the situation closely.
Petrobras to slow asset sales, focus on cost cutting
Brazil's state-run Petroleo Brasileiro SA is slowing down a planned sale of assets and turning its attention to cost cutting to trim its massive debt, a senior company source told Reuters on Monday. The change in strategy by Petrobras, as the company is known, means that the plan to sell up to 25 percent of... Continue Reading →
Petrobras – Appointment of the Temporary Chairman of Board of Directors
Petrobras - Appointment of the Temporary Chairman of Board of Directors 09/14/2015 Rio de Janeiro, September 14, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby announces that its Board of Directors has approved, on a meeting held today, the appointment of Director Luiz Nelson Guedes de Carvalho to perform the duties of the Chairman of... Continue Reading →
UPDATE 1-Petrobras chairman to take leave, to focus on job as Vale CEO
Murilo Ferreira will take a leave of absence as chairman of state-run oil firm Petrobras, turning his full attention to his job as chief executive of Vale SA as the mining giant grapples with a downturn in the sector. Petroleo Brasileiro SA, as the company is formally known, did not give a reason for Ferreira's... Continue Reading →
Petrobras – Chairman of the Board of Directors‘ leave of absence
Petrobras - Chairman of the Board of Directors‘ leave of absence 09/14/2015 Rio de Janeiro, September 14, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that the Chairman of its Board of Directors, Mr. Murilo Pinto de Oliveira Ferreira, announced today his leave of absence from the Company´s Board until November, 30th. The above appeared... Continue Reading →
