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Brazil’s congress is likely to pass a landmark bill that could ease financial pressure on state-controlled oil company Petrobras by opening the country’s biggest offshore oil discoveries to greater foreign and private investment. See attached FT Article - petrobras offshore bill FT
Petrobras - Business & Management Plan Conference Transcript Get information on the 2015-2019 Business and Management Plan. Access the Press Conference presentation and the Press Release below. Conference Transcript Transcricao-PNG-2015-2019-Petrobras-Imprensa-Ingles
Petrobras - 2nd Quarter 2015 Results Release Date 07/02/2015 Rio de Janeiro, July 2nd, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that it will release its 2nd Quarter 2015 results on August 6th, 2015, after the market is closed. Therefore, from July 23rd to August 6th, the Company will be in quiet period, during... Continue Reading →
Petrobras corruption losses may be larger than estimated, prosecutor says 7/2/2015, 3:13 PM (Source: Seeking Alpha) back Petroleo Bras...+2.08% 8.83 Brazilian prosecutors say Petrobras’ (PBR +2.4%) official estimates for losses it has suffered from the corruption scandal are too low, which Financial Times says may mean the company will need to adjust its 2014 financial... Continue Reading →
Petrobras - Studies for public offering of shares from Petrobras Distribuidora S.A. 07/01/2015 Rio de Janeiro, July 1st, 2015 – Petróleo Brasileiro S.A. – Petrobras, in compliance with article 157, § 4º of Act 6.404, of December 15th, 1976, as amended, and Normative Instruction no. 358 of January 3rd, 2002, from the Brazilian Securities Commission... Continue Reading →
Petrobras - Sale of Interest in Concessions of Bijupirá and Salema 07/01/2015 Rio de Janeiro, July 1st, 2015 – Petróleo Brasileiro S.A. – Petrobras announces that has signed today, with PetroRio S.A. (‘PetroRio’), the celebration of the contracts regarding the sale of 20% of its interest in the concessions of Bijupirá and Salema fields, currently... Continue Reading →
Ex Petrobras executive serving five years in prison for his role in the corruption scandal has begun talks with prosecutors in a bid to shorten his sentence, according to two people familiar with the talks. Nestor Cerveró, a former director of international operations at Brazil´s state-run oil firm Petróleo Brasileiro SA, was convicted in May of money laundering.... Continue Reading →
Brazilian police have arrested Jorge Zelada, former head of Petrobras' international division, as part of an ongoing investigation into bribery and corruption at the state-run oil producer, a local newspaper reported on Thursday. Zelada is accused of money-laundering, appropriating public funds, corruption, tax evasion and contract fraud, Folha de S. Paulo newspaper reported. He was... Continue Reading →
Petroleo Brasileiro SA, as Petrobras is formally known, agreed to sell its 20 percent interests in the Bijupirá and Salema oil and natural gas fields in Brazil's Campos Basin northeast of Rio de Janeiro to Petro Rio SA for $25 million, according to a statement. Petro Rio was formerly known as HRT Participações em Petroleo... Continue Reading →
Brazil’s state-controlled oil producer is considering listing the subsidiary, Petrobras Distribuidora SA, or BR, in a secondary public offering, the company said in a filing Wednesday. Other options include finding a strategic partner for the business, the company said. Read More
Brazil Energy Insight 