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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 →
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 →
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 ($6.12 billion) in credit and sale operations to meet its financing needs as the state-run oil giant... Continue Reading →
Petrobras - Material Fact - Loan Contracts and Divestment Plan Rio de Janeiro, April 17, 2015 – Petróleo Brasileiro S.A. – Petrobras announces that concluded negotiations on the following loan contracts: · R$ 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 →
Petrobras Supplier Schahin Seeking Brazil Bankruptcy Protection By Francisco Marcelino/Bloomberg 12:57 PM BRT April 17, 2015 Grupo Schahin filed for Brazil’s equivalent of Chapter 11, becoming the latest Petroleo Brasileiro SA contractor to seek protection from creditors as a corruption probe and a rout in oil prices limit access to funding. Schahin, which owns building... Continue Reading →
Petrobras - Oil and natural gas output for March Rio de Janeiro, April 16, 2015 – Petróleo Brasileiro S.A. – Petrobras announces that its oil and natural gas output in Brazil and abroad, in March 2015, was 2,764,000 barrels of oil equivalent per day (boed), down 1.3% from February 2015 (2,801,000 boed). Of this total,... Continue Reading →
Wed Apr 15, 2015 8:48pm EDT UPDATE 1-Petrobras says has no plans to sell sub-salt oil fields (Recasts with Petrobras statement and context) (Reuters) - Brazilian state-run oil company Petroleo Brasileiro SA said on Wednesday it has no plans to sell sub-salt oilfields in a divestment program aimed at shoring up its finances. Petrobras, as... Continue Reading →
For Petrobras CEO, It’s One Problem Down and Many More to Come By Sabrina Valle Peter Millard/Bloomberg 12:00 AM BRT April 16, 2015 Photographer: Dado Galdieri/Bloomberg Petroleo Brasileiro SA’s new chief executive officer is close to overcoming his first major hurdle: getting auditors to approve financial results. His next big task will be figuring out... Continue Reading →
http://www.ft.com/cms/s/0/2e2a58fe-de18-11e4-8d14-00144feab7de.html#ixzz3XOZamFwq April 15, 2015 3:10 pm Petrobras shows corruption is now a high-stakes game in Brazil Samantha Pearson/FT ©Reuters A protester dressed as Batman denounces the Petrobras affair in Brasília earlier this year In the 1980s, corruption in Brazil was a simple, albeit sweaty, affair. The first challenge for any executive entrusted with paying a bribe was... Continue Reading →
Wed Apr 15, 2015 7:57am EDT Petrobras may sell stakes in sub-salt blocks: paper SAO PAULO A view is seen of the Petrobras headquarters in Rio de Janeiro December 16, 2014. REUTERS/SERGIO MORAES (Reuters) - Brazil's Petrobras may include stakes in some sub-salt oil fields in an asset sale program aimed at reducing capital spending... Continue Reading →
