Petrobras - Funding Agreement of USD 5 billion with China Development Bank Corporation Rio de Janeiro, May 20, 2015 - Petróleo Brasileiro SA - Petrobras informs that it has signed yesterday with China Development Bank Corporation- CDB a cooperation agreement for the years 2015 and 2016. This agreement includes funding of $ 3.5 billion, already... Continue Reading →
Petrobras Said Squeezed for Payment Five Years After Sale
Petrobras Said Squeezed for Payment Five Years After Sale by Anna Edgerton/Bloomberg 12:00 AM BRT May 19, 2015 Brazil's Finance Minister Joaquim Levy. Photographer: Simon Dawson/Bloomberg Investors in a 2010 Petrobras stock sale may have to abandon hope that Brazil will help cut their losses. The finance ministry is likely to seek reimbursement of as much... Continue Reading →
Goldman’s Oil Call Sinks Petrobras Shares as Ibovespa Declines
Goldman’s Oil Call Sinks Petrobras Shares as Ibovespa Declines by Denyse Godoy/Bloomberg 11:14 AM BRT May 19, 2015 Goldman Sachs Group Inc.’s forecast that oil will tumble sank Petroleo Brasileiro SA, sending the Ibovespa to the biggest drop among major stock gauges in the Americas. Oil slid for a fifth day as the New York-based firm... Continue Reading →
Petrobras – Oil and Natural Gas Production on April
Petrobras - Oil and Natural Gas Production on April Rio de Janeiro, May 18th, 2015 – Petróleo Brasileiro S.A. – Petrobras announces that, on April 2015, its oil and natural gas production was 2 million 785 thousand oil equivalent per day (boed), in Brazil and abroad, 0.8% above the volume registered on March of the... Continue Reading →
Brazil’s Petrobras output up 8.8 pct in April
Mon May 18, 2015 9:04pm EDT Brazil's Petrobras output up 8.8 pct in April SAO PAULO/Reuters May 18 Brazil's state-run oil company Petroleo Brasileiro SA said on Monday that output in Brazil and abroad rose 8.8 percent in April from a year ago to 2.78 million barrels a day of oil and equivalent natural gas... Continue Reading →
Brazil hogs limelight as Itau brings dollar trade
Mon May 18, 2015 11:53am EDT Brazil hogs limelight as Itau brings dollar trade BY PAUL KILBY/Reuters NEW YORK, May 18 (IFR) - Brazil was leading LatAm credit markets higher Monday following a rally in state-controlled Petrobras and a new issue from Itau-Unibanco - the country's first dollar bond of the year. While a reversal... Continue Reading →
Petrobras $7.2 Billion Profit Lifts Stock as Ibovespa Fluctuates
Petrobras $7.2 Billion Profit Lifts Stock as Ibovespa Fluctuates by Denyse Godoy/Bloomberg 9:49 AM BRT May 18, 2015 Surprising earnings at Petroleo Brasileiro SA, the oil producer at the center of Brazil’s largest corruption probe, sent its shares to a six-month high. The Ibovespa fluctuated. The company posted $7.2 billion in a measure of earnings,... Continue Reading →
Brazil seizes $327 million in contractor assets in Petrobras scandal
Fri May 15, 2015 8:11pm EDT Brazil seizes $327 million in contractor assets in Petrobras scandal BRASILIA A person walks past the Petrobras logo in front of the company's headquarters in Sao Paulo April 23, 2015. REUTERS/PAULO WHITAKER Brazilian prosecutors said on Friday they have obtained court orders for the seizure of 980 million reais... Continue Reading →
Petrobras Financial Results 1Q15 in USD
Petrobras Financial Results 1Q15 in USD 1Q15 Financial Report (USD) PBR 1Q15 results 1Q15 Financial Statements (USD) PBR 1Q15 US$ Income Rio de Janeiro – May 15, 2015 - (A free translation of the original in Portuguese). Petrobras announces today its consolidated results for the 1Q-2015 reviewed by independent auditors, stated in millions of Reais,... Continue Reading →
Petrobras Earnings Beat Estimates After Fuel Price Increase
Petrobras Earnings Beat Estimates After Fuel Price Increase By Sabrina Valle/Bloomberg 6:07 PM BRT May 15, 2015 Petroleo Brasileiro SA, Brazil’s state-controlled oil producer, reported first-quarter earnings excluding items that beat analysts’ estimates. Adjusted earnings before interest, taxes, depreciation and amortization, or Ebitda, rose to 21.5 billion reais ($7.2 billion) in the first three months... Continue Reading →
Brazil Energy Insight 