Petrobras/R$ 157 million recovered by Lava Jato Operation Rio de Janeiro, May 12, 2015 - Petróleo Brasileiro S.A. – Petrobras announces that today R$ 157 million in funds repatriated by Brazil’s Federal Prosecutor as a result of Operation Lava Jato were made available for the Company. This is the first reimbursement of funds to the... Continue Reading →
Petrobras prepares Brazil domestic bond offering, sources say
Tue May 12, 2015 8:31am EDT Petrobras prepares Brazil domestic bond offering, sources say SAO PAULO/Reuters May 12 Petróleo Brasileiro SA is preparing an offering of debt notes in Brazil's domestic markets that could be sold as early as next week, two sources with direct knowledge of the situation said on Tuesday. Rio de Janeiro-based... Continue Reading →
Buy-Brazil Rules Said to Be Eased in Plan to Spur Oil Projects
Buy-Brazil Rules Said to Be Eased in Plan to Spur Oil Projects by Sabrina Valle/Bloomberg 12:00 AM BRT May 12, 2015 Energy Minister Eduardo Braga Energy Minister Eduardo Braga said May 3, “There’s no way Petrobras can do all the investments needed for the Brazilian economy.” Photographer: Wenderson Araujo/AFP via Getty Images Brazil is preparing... Continue Reading →
Petrobras fallout and poor growth add to pressure on Rousseff/FT Special Report
http://www.ft.com/cms/s/0/2e41877e-d3df-11e4-99bd-00144feab7de.html#ixzz3ZujXC79n May 12, 2015 12:16 am Petrobras fallout and poor growth add to pressure on Rousseff/FT Special Report Joe Leahy/FT ©Nelson Almeida/AFP On the march: demonstrators against President Dilma Rousseff Late last year, São Paulo’s Museu da Casa Brasileira, a design museum, staged an exhibition, “Excelência Italiana” (Italian excellence). On the way in, guests could... Continue Reading →
Witness Repeats Allegations Against Politicians in Petrobras Inquiry
Witness Repeats Allegations Against Politicians in Petrobras Inquiry Rousseff, Lula da Silva named in connection with alleged corruption at Petrobras Alberto Youssef, a witness in Brazil’s investigation into alleged corruption at state-owned oil company Petrobras, is escorted by federal policemen before a hearing at the federal court in Curitiba in February. PHOTO: REUTERS By LUCIANA MAGALHAES And WILL... Continue Reading →
Petrobras says it plans lawsuits to recoup $440 mln in graft
Fri May 8, 2015 6:36pm EDT Petrobras says it plans lawsuits to recoup $440 mln in graft RIO DE JANEIRO/Reuters May 8 Brazil's state-run oil company Petroleo Brasileiro SA plans to sue five construction and engineering firms and their senior executives to recover about 1.3 billion reais ($440 million) lost in a corruption scandal, the... Continue Reading →
Petrobras Said to Attract Mitsui in Sale of Brazil Gas Pipelines
Petrobras Said to Attract Mitsui in Sale of Brazil Gas Pipelines 9:03 PM BRT May 7, 2015 Petroleo Brasileiro SA has drawn interest from Mitsui & Co. in the sale of a package of natural gas pipelines, according to people with knowledge of the matter. Petrobras, as the Brazilian state oil company is known, has... Continue Reading →
Brazil Needs Oil to Rebound to $80 to Open Prized Fields Auction
Brazil Needs Oil to Rebound to $80 to Open Prized Fields Auction By Sabrina Valle Juan Pablo Spinetto / Bloomberg 7:30 PM BRT May 5, 2015 Crude prices need to recover for Brazil to advance plans to open its most sought-after fields to investors, the country’s oil regulator said. Brent prices would have to rise... Continue Reading →
Pummeled by Petrobras Probe, Rig Bond Is Now Swarmed by Buyers
Pummeled by Petrobras Probe, Rig Bond Is Now Swarmed by Buyers By Anna Edgerton Paula Sambo/Bloomberg 8:00 PM BRT May 5, 2015 Few Brazilian companies were hit harder by the Petroleo Brasileiro SA bribery investigation than the nation’s rig suppliers. Queiroz Galvao Oleo e Gas Constellation, one of the biggest, saw some of its bonds... Continue Reading →
Petrobras / Quiet Period – 1st Quarter 2015
Petrobras / Quiet Period – 1st Quarter 2015 Rio de Janeiro, May 5th, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that it will release its 1st Quarter 2015 results on May 15th, 2015, Friday, after the market is closed. Therefore, from May 5th to May 15th, the Company will be in quiet period. During... Continue Reading →
Brazil Energy Insight 