Brazil's state-run oil company Petroleo Brasileiro SA is working to bring domestic diesel and gasoline prices into parity with international levels in order to attract downstream buyers or partners, a company executive said on Thursday. Petrobras, as the company is known, is looking to sell assets as it battles to survive a combination of mounting... Continue Reading →
Petrobras pays $508 million to settle tax dispute
Brazil's state-run oil company Petroleo Brasileiro SA said late Thursday it paid 1.6 billion reais ($508 million) to settle part of a tax dispute with Brazilian authorities and will take a charge against second-quarter earnings. The payment includes 1.2 billion reais in back taxes and 400 million reais in fines and interest, Petrobras, as the... Continue Reading →
Petrobras – Clarification of Press Article: Privatization of Gas Pipelines
Petrobras - Clarification of Press Article: Privatization of Gas Pipelines 07/15/2015 Rio de Janeiro, July 15, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 245/2015/CVM/SEP/GEA-1, as transcribed below: OFFICIAL LETTER 245/2015/CVM/SEP/GEA-1 “We refer to the article published today in the Market section of Folha de São Paulo entitled Petrobras estuda privatizar... Continue Reading →
Petrobras R$58 billion Asset Sale in Uncharted Territory
Petroleo Brasileiro SA’s $58 billion asset sale proposal would be unprecedented for the oil industry -- and for good reason. It may be impossible to pull off. The plan, released last week by the Brazilian state-run oil company known as Petrobras, calls for $15.1 billion in divestments by the end of 2016 and an additional... Continue Reading →
Petrobras – Oil and Natural Gas Production on June
Petrobras - Oil and Natural Gas Production on June 07/10/2015 Rio de Janeiro, Jully 10th, 2015 – Petróleo Brasileiro S.A. – Petrobras announces that, on June 2015, its oil and natural gas production was 2 million 746 thousand barrels of oil equivalent per day (boed), in Brazil and abroad, 0.7% lower than the volume produced... Continue Reading →
Petrobras – Order on the motion to dismiss in the U.S. action
Petrobras - Order on the motion to dismiss in the U.S. action 07/10/2015 Rio de Janeiro, July 10th, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that the judge responsible for the U.S. action today issued an order on the motion to dismiss presented by Petrobras, partially granting the company's motion. The motion to dismiss... Continue Reading →
Motion to dismiss a class-action lawsuit in the United States had been denied.
Brazil's state-run oil producer Petroleo Brasileiro SA, known as Petrobras, said in a securities filing on Friday that its motion to dismiss a class-action lawsuit in the United States had been denied by the court. Read More
Petrobras Grapevine – Sale of Argentine Assets
Local press reports that YPF plus 3 other energy groups in Argentina, Pan American Energy (Chinese), Tecpetrol (Techint) and Pluspetrol, have made offer for the purchase of the Petrobras assets in Argentina which include drilling rights, refineries and a chain of gas stations. Decision of proposal should be as soon as next week.
Petrobras Hopes to Boost Crude Processing at RNEST
Brazil's state-run oil company Petrobras hopes to boost the crude processing capacity of its newest refinery 62 percent to as much as 120,000 barrels per day (bpd) in the second half of this year, the company's refining chief said Wednesday. Petroleo Brasileiro SA plans to start testing higher processing levels at the Abreu e Lima,... Continue Reading →
Two die at Petrobras terminal; fire hits offshore platform -union
Two workers died at a construction project at a Brazilian oil terminal operated by state-run Petrobras on Tuesday, adding to a string of fatal and life-threatening accidents, a union representing oil workers said in a statement. A FUP affiliate known as SindipetroNF also said on Tuesday that there was a fire on the P-53 offshore... Continue Reading →
