Bearish Bets on Petrobras ADRs Hold Near Record Before Earnings By Julia Leite/Bloomberg 12:29 PM BRT April 22, 2015 Bets on further declines of Petroleo Brasileiro SA held near a record high before the oil producer’s long-delayed audited results. Short interest in its American depositary receipts was at 16 percent of shares outstanding as of... Continue Reading →
Petrobras Seen Unlocking Bond Market Shuttered by Bribery Crisis
Petrobras Seen Unlocking Bond Market Shuttered by Bribery Crisis By Filipe Pacheco/Bloomberg 8:00 PM BRT April 21, 2015 A man gets back in his car after purchasing gasoline at a Petroleo Brasileiro SA station in Rio de Janeiro. The state-controlled oil producer will release audited financial results on Wednesday for the first time since August.... Continue Reading →
Brazil Makes Latin America Fallen Angels Hub, Moody’s Says
Brazil Makes Latin America Fallen Angels Hub, Moody’s Says by Julia Leite/Bloomberg 2:09 PM BRT April 21, 2015 Brazil’s stagnant economy and sinking currency are putting investment-grade ratings at risk, making Latin America the region with the biggest number of high-grade bonds that could end up as junk, Moody’s Investors Service said. Power producer Centrais... Continue Reading →
Petrobras Scandal Buries Brazilian Prosperity Plan at Sea
Petrobras Scandal Buries Brazilian Prosperity Plan at Sea By Juan Pablo Spinetto Anna Edgerton / Bloomberg 8:00 PM BRT April 20, 2015 Buried off the coast of Brazil, beneath miles of seawater, rock and salt, lie vast oil reserves -- at least 50 billion barrels -- that were supposed to yield untold riches for this... Continue Reading →
Re-Loaded Petrobras Board and Audited Results Coming, Levy Says
Re-Loaded Petrobras Board and Audited Results Coming, Levy Says By David Biller/Bloomberg 3:04 PM BRT April 20, 2015 Brazil’s state-run oil producer Petroleo Brasileiro SA has improved its management and should soon have a board “loaded” with people from the private sector, said Finance Minister Joaquim Levy. The expectation is for the company to release... Continue Reading →
As Petrobras scandal spreads, economic toll mounts for Brazil
Mon Apr 20, 2015 10:58am EDT As Petrobras scandal spreads, economic toll mounts for Brazil BY JEB BLOUNT A tower with a Brazilian flag representing an oil rig is pictured during a protest in front of the Petrobras headquarters in Rio de Janeiro March 4, 2015. REUTERS/SERGIO MORAES ITABORAÍ, Brazil (Reuters) - For the 20 men hanging... Continue Reading →
Petrobras and improving policy outlook help Brazil’s markets
http://www.ft.com/cms/s/0/214aec34-e72d-11e4-a01c-00144feab7de.html#ixzz3XqKpxCY8 April 20, 2015 9:09 am Petrobras and improving policy outlook help Brazil’s markets Joe Leahy in São Paulo ©Getty At the construction site of a wing of the prestigious Sirio-Libanes Hospital in São Paulo, a security guard recalls how workers from the Schahin industrial group suddenly left the project 15 days ago. The Brazilian... Continue Reading →
Petrobras shares rise as company prepares to end results delay
http://www.ft.com/cms/s/0/ac956eba-e56e-11e4-a02d-00144feab7de.html#ixzz3XmmUP5O7 April 19, 2015 3:04 pm Petrobras shares rise as company prepares to end results delay Joe Leahy and Samantha Pearson in São Paulo ©Getty Investor optimism is rising that Brazil’s embattled state-owned oil company Petrobras will emerge from a crippling corruption scandal without defaulting on its $137bn in debt. Shares of the state-owned oil company company... Continue Reading →
UPDATE 1-Petrobras says covers 2015 financial needs with loans, sale
Fri Apr 17, 2015 7:02pm EDT UPDATE 1-Petrobras says covers 2015 financial needs with loans, sale (Recast with details of the operation, Petrobras comment and context) (Reuters) - Brazil's Petrobras said on Friday it approved 18.6 billion reais ($6.12 billion) in credit and sale operations to meet its financing needs as the state-run oil giant... Continue Reading →
Petrobras – Material Fact – Loan Contracts and Divestment Plan
Petrobras - Material Fact - Loan Contracts and Divestment Plan Rio de Janeiro, April 17, 2015 – Petróleo Brasileiro S.A. – Petrobras announces that concluded negotiations on the following loan contracts: · R$ 4.5 billion export note with Banco do Brasil through its subsidiary BR Distribuidora for a 6-year period. · R$ 2 billion standby... Continue Reading →
Brazil Energy Insight 