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 →
Petrobras – Clarification on News: Divestments in Pre-Salt areas
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 →
