Petrobras - Material Fact - Release of Financial Statements Rio de Janeiro, April 13, 2015 – Petróleo Brasileiro S.A. – Petrobras announces that on April 22 its Board of Directors will meet to: (i) review its interim financial statements for the third quarter 2014, reviewed by the Company’s independent auditors; and (ii) approve the Company’s... Continue Reading →
UPDATE 1-Petrobras shares jump on report of plans to sell Braskem stake
Mon Apr 13, 2015 11:34am EDT UPDATE 1-Petrobras shares jump on report of plans to sell Braskem stake (Reuters) - Shares in Brazil's Petrobras rose 6 percent on Monday after local media reported that the state-run oil company plans to sell a stake in petrochemicals firm Braskem SA for around 2.8 billion reais ($903 million).... Continue Reading →
Petrobras sees cost of corruption at up to 6 billion reais – report
Fri Apr 10, 2015 2:08pm BST Related: BUSINESS Petrobras sees cost of corruption at up to 6 billion reais - report RIO DE JANEIRO A demonstrator holds a placard during a protest against Brazil's President Dilma Rousseff at Paulista Avenue in Sao Paulo March 15, 2015. REUTERS/NACHO DOCE (Reuters) - Brazil's state-run oil company Petrobras... Continue Reading →
Petrobras Said to Consider Prized Oil Area in Divestment Plan
Petrobras Said to Consider Prized Oil Area in Divestment Plan By Cristiane Lucchesi Sabrina Valle Peter Millard 2:04 PM BRT April 10, 2015 (Bloomberg) Petroleo Brasileiro SA is considering including fields from its fastest-growing deepwater oil region in a divestment plan to raise money for expenditures and debt payments, six people with knowledge of the... Continue Reading →
PETROBRAS -Clarification on News: Financial Statements
PETROBRAS -Clarification on News: Financial Statements Rio de Janeiro, April 9, 2015 – Petróleo Brasileiro S.A. – Petrobras complies with OFFICIAL LETTER BM&FBovespa 0990/2015-SAE, which requests the following clarification: OFFICIAL LETTER 0990/2015-SAE “We request clarifications about news released on April 9, 2015, in the newspaper Valor Econômico, entitled “Petrobras Financial Statements will be released by... Continue Reading →
Petrobras (PBR) Stock Rises 8.38% to U$7.50
Petrobras (PBR) Stock Rises 8.38% to U$7.50 ByAndrew Meola|04/09/15 - 03:44 PM EDT NEW YORK (TheStreet) -- Shares of Brazilian state-run energy company Petrobras (PBR - Get Report) rose 8.38% to $7.50 in late afternoon trading Thursday as Brazilian President Dilma Rousseff said the company is ready to move on from the corruption scandal that has plagued it for months. Rousseff... Continue Reading →
Brazil’s Rousseff says Petrobras has cleaned up corruption
Thu Apr 9, 2015 1:12pm EDT Brazil's Rousseff says Petrobras has cleaned up corruption BRASILIA, APRIL 9 | BY ANTHONY BOADLE (Reuters) - State-run oil company Petrobras has purged corrupt managers and put a graft scandal behind it, while hitting record output levels from off-shore deposits, Brazil's President Dilma Rousseff said on Thursday. The indictment of former senior... Continue Reading →
Bradesco’s Clemente Says Brazil Economy Nearing Turning Point/Release of delayed Petrobras earnings expected to clear up uncertainty
Bradesco’s Clemente Says Brazil Economy Nearing Turning Point Release of delayed Petrobras earnings expected to clear up uncertainty By ROGERIO JELMAYER And JEFFREY T. LEWIS/WSJ April 8, 2015 11:59 a.m. ET SÃO PAULO—Brazil’s sluggish economy is nearing a turning point with the approaching release of the 2014 earnings results of Petroleo Brasileiro SA, or Petrobras, the head ofBradesco investment banking... Continue Reading →
Brazil’s Vaccari Testifies in Congress About Petrobras Corruption Allegations
Brazil’s Vaccari Testifies in Congress About Petrobras Corruption Allegations Workers’ Party treasurer says donations to PT were legal Workers’ Party Treasurer João Vaccari Neto on Thursday testifies before a special committee of the Brazilian Congress investigating alleged corruption in the state-owned oil company Petrobras. (Evaristo Saevaristo/Agence France-Presse/Getty Images) PHOTO: AGENCE FRANCE-PRESSE/GETTY IMAGES By PAULO TREVISANI And JEFFREY T.... Continue Reading →
Shell Buying BG to Ease Petrobras Stress in Key Brazil Arena
Shell Buying BG to Ease Petrobras Stress in Key Brazil Arena By Rodrigo Orihuela Juan Pablo Spinetto 5:42 AM BRT April 8, 2015 (Bloomberg) Royal Dutch Shell Plc’s acquisition of BG Group Plc not only increases access to deep-water fields in Brazil, but provides greater heft in dealings with Petroleo Brasileiro SA, the local partner... Continue Reading →
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