Venezuela’s navy “intercepted” a ship exploring for oil on behalf of Exxon Mobil Corp (XOM.N) in Guyanese waters over the weekend, Guyana’s foreign ministry said in a statement, while neighboring Venezuela said the incident occurred within its territory. The latest incident in a century-old border dispute comes after a series of offshore oil discoveries have... Continue Reading →

Rio de Janeiro, December 21, 2018 - Petróleo Brasileiro S.A - Petrobras informs that its Board of Directors approved the dismissal, on 12/31/2018, of Mr. Ivan de Souza Monteiro of the position of the company’s CEO. In view of this dismissal, Mr. Ivan de Souza Monteiro presented his resignation as Petrobras' Board Member, as of... Continue Reading →

Rio de Janeiro, December 21, 2018 - Petróleo Brasileiro S.A. - Petrobras reports that yesterday it signed with the French company Total new documents related to the strategic partnership between the two companies announced on 03/01/2017. In the scope of this partnership, the companies have already signed transactions that resulted in the payment of U$... Continue Reading →

Rio de Janeiro, December 20, 2018 - Petróleo Brasileiro S.A. – Petrobras reports that in December it pre-paid bank debts and contracted new financing, according to the tables below.   Table I: Prepayment operations Institution Prepayment Amount (R$ million) Original Maturity BNDES 2,560 2025   Table II: Prepayment and new financing Institution Prepayment Amount (US$... Continue Reading →

Rio de Janeiro, December 20, 2018 – Petróleo Brasileiro S.A. – Petrobras, in relation to the news published in the media on the injunction rendered on December 19, 2018 by Minister Marco Aurélio Mello, in a declaratory action of unconstitutionality (ADI No. 5942) proposed before the Federal Supreme Court, understands that this decision does not... Continue Reading →

Brazilian federal prosecutors on Thursday charged 12 people in connection with an alleged bribery scheme meant to benefit oil trader Vitol Group at the expense of Brazil’s state-led oil firm Petroleo Brasileiro SA. Prosecutors say at least $2.85 million in bribes were involved, but have called their discoveries so far the “tip of the iceberg.”... Continue Reading →

RIO DE JANEIRO, BRAZIL – DECEMBER 20, 2018 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announced today the early results of its previously announced debt tender offers. As of 5:00 p.m., New York City time, on December 19, 2018 (the “Early Tender Deadline”) holders of: (i) US$1,065,376,000 principal amount of the outstanding notes of... Continue Reading →