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Brazilian prosecutor Carlos Lima. Photographer: Evaristo Sa/AFP via Getty Images Two Brazilian prosecutors probing a scandal at Petroleo Brazileiro SA that rocked the nation’s political establishment say it would be hard to consider the company a perpetrator in the multibillion-dollar kickback scheme. Carlos Lima and Deltan Dallagnol lead a group of nine federal prosecutors in... Continue Reading →
Brazil's Petrobras bet big and won this week after printing a US$2.5bn Century bond - the largest-ever trade with this tenor and the oil company's first bond sale since a corruption scandal locked it out of the capital markets last year. Few thought the company, still reeling from a high-profile investigation into kick-backs, was prepared... Continue Reading →
Petrobras Supplier Blacklist Seen as Illegal by Attorney General June 3, 2015 — 4:19 PM BRT Brazil's Attorney General Luis Inacio Adams. Photographer: Evaristo Sa/AFP/Getty Images Petrobras acted hastily in banning more than 20 contractors from bidding for new work during a graft investigation, according to Brazil’s attorney general. The blacklist -- issued by... Continue Reading →
The Petrobras logo is reflected in the window of the company's headquarters in Sao Paulo April 23, 2015. REUTERS/PAULO WHITAKER Reuters reports that indebted Brazilian oil company Petrobras has brought in Bank of America Merrill Lynch to help manage a multi-billion dollar divestment plan and has already contacted major oil companies who might be interested... Continue Reading →
Local sources report that the Petrobras administration plans to submit the new Business Plan for 2015 to 2019 for Board approval on June 23. If approved the plan will be made public immediately. It has been been reported that the new Plan will reveal substantial decrease from the previous Plan and will concentrate efforts in... Continue Reading →
Petrobras - Petrobras discovers new oil accumulation at Poço Verde area, in Sergipe Basin 06/01/2015 Rio de Janeiro, June 1st, 2015 – Petróleo Brasileiro S.A. - Petrobras informs that well 3-SES-189 (Petrobras nomenclature), located at BM-SEAL-4 concession, discovers new oil accumulation in Sergipe Basin´s ultradeep waters. The well, informally known as Poço Verde 4, is... Continue Reading →
Petrobras - Financing between Petrobras Distribuidora and Banco Bradesco 06/01/2015 Rio de Janeiro, June 1st, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that concluded today the financing operation with Banco Bradesco, through its wholly-owned subsidiary Petrobras Distribuidora S.A., in the form of an export credit note, worth R$ 3 billion and a maturity date... Continue Reading →
U.S. Alerted in Brazil’s Foreign Supplier Probe, Prosecutor Says June 2, 2015 — 10:32 AM BRT Prosecutors investigating Brazil’s largest corruption scandal say they notified the U.S. Department of Justice of evidence that at least four foreign companies allegedly paid bribes to win Petroleo Brasileiro SA contracts. The allegations are against units or affiliates of... Continue Reading →
Petrobras - Pricing in the international market 06/01/2015 Rio de Janeiro, June 1st, 2015 – Petróleo Brasileiro S.A. – Petrobras announces the pricing of its 100-year Global Notes denominated in U.S Dollars (U.S.$) issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) and unconditionally guaranteed by Petrobras. Closing is expected to occur on June... Continue Reading →
Petrobras - Suspension from the Brazilian Institute of Corporate Governance - IBGC Rio de Janeiro, June 1st, 2015 - Petróleo Brasileiro S.A. - Petrobras informs that received a mail from the Brazilian Institute of Corporate Governance – IBGC communicating that its Board of Directors decided to suspend Petrobras from its members for a period of... Continue Reading →
Brazil Energy Insight 