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Brazilian prosecutors plan to file criminal charges stemming from the lease of an Ensco Plc offshore oil-drilling ship to Brazil's state-run oil company Petrobras "in due course," they said. The plan to prosecute over the Ensco-Petrobras charter was mentioned in a Thursday statement presenting corruption charges stemming from the 2009 lease of another drillship, Vantage... Continue Reading →
Petrobras - Clarification of news article: Update on 2030 Strategic Plan 08/07/2015 Rio de Janeiro, August 7, 2015 – Petróleo Brasileiro S.A. – Petrobras complies with the Official Letter n.º 305/2015/CVM/SEP/GEA-1, which requests clarifications, as follows: Official Letter n.º 305/2015/CVM/SEP/GEA-1 “We refer to the news article published on this date in the O Estado de... Continue Reading →
The chief executive of Brazil's Petroleo Brasileiro SA estimates it will take five years for the state-run oil producer to win back the credibility it lost among investors after a massive corruption scandal sent some of its top executives to jail. Aldemir Bendine told daily O Estado de S.Paulo that the corruption scandal will weigh... Continue Reading →
Attached below is Webcast Presentation of the 2Q 2015 Results/ Webcast-2T15- Ingles
In a securities filing distributed early on Friday, Petrobras said the listing of BR Distribuidora would depend on global and domestic market conditions. Petrobras will pursue all the necessary authorizations from securities industry watchdog CVM as well as other regulatory agencies to carry out the transaction, the filing said. Petrobras did not specify terms of... Continue Reading →
RIO DE JANEIRO, Aug 6 (Reuters) - Brazilian state-led oil company Petroleo Brasileiro SA said its second-quarter net income plunged 89 percent after a one-time charge for underperforming assets that caught analysts off guard. The 1.28-billion-real charge was taken as Petrobras' new executives and board of directors try to control the company's $132 billion debt,... Continue Reading →
Board of Brazil's Petrobras approves plan for fuel unit IPO SAO PAULO Aug 7 The board of Petróleo Brasileiro SA has approved a plan to request regulatory permission to list the state-controlled oil producer's fuel distrbution unit on the São Paulo Stock Exchange. In a securities filing distributed early on Friday, the company known as... Continue Reading →
PETROBRAS - FIRST HALF 2015 RESULTS Rio de Janeiro – August 6, 2015 - FIRST HALF 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... Continue Reading →
Petrobras - Settlement of Tax Contingency 08/06/2015 Rio de Janeiro, August 6, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby announces that, due to the publication of Joint Ordinance RFB/PGFN n. 1064 and Regulatory Instruction 1576 on August 3, 2015, decided to include in said program the processes related to Financial Operations Tax on loans... Continue Reading →
Brazilian petrochemical giant Braskem SA on Thursday reported a sharp jump in quarterly profit, and its chief executive said it had proposed a flexible new supply contract with state-run oil firm Petrobras . In a press conference to discuss Braskem's second-quarter results, CEO Carlos Fadigas said the company had offered to buy naphtha from Petrobras,... Continue Reading →
Brazil Energy Insight 