Petrobras - Clarification on News: Divestments in Pre-Salt areas Rio de Janeiro, May 5th, 2015 – Petróleo Brasileiro S.A. – Petrobras´ response to Official Letter BM&FBovespa 1.634/2015-SAE that requests clarification as follows: OFFICIAL LETTER 1.634/2015-SAE “An article published by Agência Estado – Broadcast, on May 5th, 2015, states, among other information, that Petrobras has plans... Continue Reading →
Brazil Probes Ex-Finance Minister Mantega
Brazil Probes Ex-Finance Minister Mantega Finance Minister Guido Mantega allegedly misled investors by requiring state-run oil firm Petróleo Brasileiro SA to subsidize domestic fuel prices A couple fish near a Petrobras facility in the state of Rio de Janeiro. PHOTO: EFE/ZUMA PRESS By PAUL KIERNAN/WSJ May 5, 2015 10:12 p.m. ET RIO DE JANEIRO—Brazil’s government is investigating... Continue Reading →
Brazil regulator says former Petrobras board misguided investors
Tue May 5, 2015 8:49am EDT Brazil regulator says former Petrobras board misguided investors RIO DE JANEIRO Reuters) - Brazil's securities industry regulator accused the former board of state-run oil producer Petrobras of setting a fuel pricing policy that misguided investors and hurt the company. The former board, which former Finance Minister Guido Mantega presided... Continue Reading →
Stumbling blocks emerge for Brazil prosecutors in Petrobras case
Mon May 4, 2015 9:00 pm EDT Stumbling blocks emerge for Brazil prosecutors in Petrobras case SAO PAULO | BY CAROLINE STAUFFER (Reuters) - Recent setbacks for prosecutors in a huge corruption scheme at Brazil's state-run oil company Petroleo Brasileiro SA suggest they will struggle to win as many convictions as they seek. The Supreme Court's decision... Continue Reading →
OTC Distinguished Achievement Award recognizes Petrobras’ pre-salt development for their successful implementation of ultra-deepwater solutions and setting new water depth records.
OTC Names 2015 Distinguished Achievement Award Recipients Winners to Be Honored 3 May at Annual OTC Dinner Houston, Texas, USA (2 February 2015) – The 2015 Offshore Technology Conference (OTC) will kick off on Sunday, 3 May in Houston with the Annual OTC Dinner to honor the recipients of this year’s Distinguished Achievement Awards.... Continue Reading →
Brazil’s Petrobras Confirms New Board Members
Brazil’s Petrobras Confirms New Board Members Vale CEO takes helm as chairman Brazilian state-run energy giant Petróleo Brasileiro underwent a board shake-up that went mostly as expected. PHOTO: AGENCE FRANCE-PRESSE/GETTY IMAGES By PAUL KIERNAN/WSJ Updated April 30, 2015 3:57 p.m. ET RIO DE JANEIRO—Brazilian state-run energy giant Petróleo Brasileiro SA underwent a board shake-up late Wednesday that went mostly as... Continue Reading →
House Arrest for Brazil Executives Seen as Blow to Graft Probe
House Arrest for Brazil Executives Seen as Blow to Graft Probe By David Biller Anna Edgerton / Bloomberg 4:05 PM BRT April 29, 2015 A decision by Brazil’s Supreme Court to free executives accused of involvement in a kickback scheme at state-run oil producer Petroleo Brasileiro SA is likely to slow down the investigation into... Continue Reading →
Petrobras – Notices and Facts
Petrobras - Notices and Facts Conclusion of the third well in the Moita Bonita Area, at Sergipe´s Basin Rio de Janeiro, April 29th, 2015 – Petróleo Brasileiro S.A. – Petrobras announces the conclusion of the well drilling 3-BRSA-1296-SES (ANP nomenclature) in Sergipe Basin´s ultra-deep waters, in concession BM-SEAL-10, block SEAL-M-499. The test results confirmed the... Continue Reading →
Three Petrobras Board Members Criticize 2014 Earnings Calculations
Three Petrobras Board Members Criticize 2014 Earnings Calculations Last week’s earnings report included write-downs related to a massive graft scandal at the oil company By PAUL KIERNAN/WSJ April 28, 2015 5:09 p.m. ET RIO DE JANEIRO—Three independent members of the board of directors of Brazil’s state-run Petróleo Brasileiro SA strongly criticized the company’s calculations of its 2014 financial results... Continue Reading →
Petrobras CEO: Asset Sales Won’t Reduce Debt Enough
Petrobras CEO: Asset Sales Won’t Reduce Debt Enough Company says it will have to strengthen governance to mitigate corruption risks Petrobras CEO Aldemir Bendine speaks during the presentation of the company’s audited 2014 financial results last week. Mr. Bendine on Tuesday said Petrobras’ asset-sale plan isn’t enough to reduce its debt to a desirable level. PHOTO: ANTONIO... Continue Reading →
Brazil Energy Insight 