Petrobras Bonds Drop on Report Company Seeking Extended Deadline By Filipe Pacheco Paula Sambo 12:23 PM BRT March 13, 2015 (Bloomberg) -- Bonds and stocks of Petroleo Brasileiro SA fell after a newspaper reported that the company is in talks with creditors to extend a deadline for publishing audited results and avoid a possible... Continue Reading →
Petrobras Bankers Have $30 Billion on the Line
Petrobras Bankers Have $30 Billion on the Line By Paula Sambo 8:07 PM BRT March 10, 2015 The headquarters of Petroleo Brasileiro in Rio de Janeiro .Photographer: Dado Galdieri/Bloomberg (Bloomberg) -- Aldemir Bendine never worked in the oil industry, but he already knew plenty about Petroleo Brasileiro SA before becoming its chief executive officer last... Continue Reading →
Moody’s: Petrobras probe weakens Brazil’s sectors
Announcement: Moody's: Petrobras probe weakens Brazil's sectors Global Credit Research - 09 Mar 2015 New York, March 09, 2015 -- The corruption investigation into Petroleo Brasileiro S.A. (Petrobras) will negatively affect parts of the public and private sectors, but government support for the company is likely to help contain the credit-negative impact, says a report... Continue Reading →
Petrobras New Board Member Confident on Audited Results
Petrobras New Board Member Confident on Audited Results By Sabrina Valle 12:41 PM BRT March 5, 2015 (Bloomberg) -- Petroleo Brasileiro SA is on track to quantify a graft-related writedown needed to release audited financial results and restore investor confidence, according to the most recent appointee to the offshore producer’s board. Luiz Navarro, a lawyer... Continue Reading →
Petrobras scandal threatens to scupper Brazil austerity drive
http://www.ft.com/cms/s/0/5753f704-c233-11e4-ad89-00144feab7de.html#ixzz3TRlh2dtz Last updated: March 4, 2015 6:14 pm Petrobras scandal threatens to scupper Brazil austerity drive Joe Leahy in São Paulo Brazil’s currency slid to a 10-year low against the dollar on Wednesday as concerns grew that a corruption scandal at state-run oil group Petrobras engulfing the country’s political elite threatens to scupper the government’s austerity drive. The real fell... Continue Reading →
Petrobras – Divestment Plan U$13.7 billion to 2016
Petrobras - Divestment Plan U$13.7 billion to 2016 Rio de Janeiro, March 2, 2015 – Petróleo Brasileiro S.A. – Petrobras announces that its Executive Board, convened on February 26, 2015, has approved the company’s two-year (2015/2016) divestment plan. Divestitures total US$ 13.7 billion, and include Exploration & Production assets in Brazil and abroad (30%), as... Continue Reading →
Petrobras Jitters…
Petrobras Jitters… March 2, 2015 The Petrobras corruption investigation will enter a new phase this week as the Attorney General of the republic will bring forth charges against politicians mentioned as being on the take during the investigation up to now. The list of politicians is vast, the list apparently reaches 39 including a former... Continue Reading →
Petrobras Likely to Get Government Support If Needed, Fitch Says
Petrobras Likely to Get Government Support If Needed, Fitch Says By Filipe Pacheco Paula Sambo 5:09 PM BRT February 27, 2015 (Bloomberg) -- Brazil will probably provide funding to Petroleo Brasileiro SA if the state-controlled oil producer remains unable to borrow from banks or sell bonds amid an ongoing corruption scandal, according to Fitch... Continue Reading →
Petrobras Credit Traders Signal Brazil Support Not Enough
Petrobras Credit Traders Signal Brazil Support Not Enough By Peter Millard Filipe Pacheco 9:35 PM BRT February 26, 2015 (Bloomberg) -- As the fallout from a widening bribery probe plunges Petroleo Brasileiro SA into junk, derivatives traders are signaling that government support alone may not be enough to stave off more ratings cuts. Compared with... Continue Reading →
Brazil State Bank Petrobras Rescue Seen as Blow to Credibility
Brazil State Bank Petrobras Rescue Seen as Blow to Credibility By David Biller 3:41 PM BRT February 26, 2015 (Bloomberg) -- State bank loans for Brazil’s beleaguered state-run oil producer would be a blow to the Finance Ministry’s efforts to shore up market confidence and avoid a sovereign downgrade, say analysts interviewed by Bloomberg. Brazil’s... Continue Reading →
