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 - 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 →

Petrobras surprises market with  rare Century Bond issue. The market was surprised with the announcement by Petrobras that it will issue a rare Century Bond to test the markets. An extremely bold move. Read more http://www.reuters.com/article/2015/06/01/petrobras-bonds-idUSL1N0YN0YY20150601

Petrobras - Notices and Facts New well confirms light oil potential in Carcará area at Santos Basin “pre-salt”  Rio de Janeiro, May 29, 2015 – Petrobras informs that the drilling of the second well in Carcará area (Block BM-S-8), located at Santos Basin´s ultra-deep waters, confirmed the light oil potential in pre-salt’s reservoirs. The well... Continue Reading →

Petrobras - Clarification on News: Asset Sales Rio de Janeiro, May 28, 2015 – Petróleo Brasileiro S.A. – Petrobras complies with OFFICIAL LETTER BM&FBovespa 2.072/2015-SAE, which requests the following clarification: OFFICIAL LETTER BM&FBovespa 2.072/2015-SAE “We request immediate clarification by March 29, 2015 at 9 a.m. regarding the content of news released by Valor Econômico on... Continue Reading →

Nestor Cevero, former Petrobras International Division Director, was convicted to a 5 year prison term for money laundering. So far, three Petrobras Directors and an Executive Manager have been imprisoned due to the corruption investigations plaguing Petrobras.