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 →

Rio de Janeiro - Federal Minister of Justice Marco Aurélio Mello of the Federal Supreme Court (STF) decided on Wednesday to suspend the effects of the decree that defines the rules for the assignment of rights of exploration and development of oil and natural gas production by Petrobras. In practice, the decision leaves the state's... Continue Reading →

Brazil’s Prosecutor General Raquel Dodge on Wednesday charged President Michel Temer with corruption and money laundering uncovered in an investigation into graft related to port concessions, according to a statement from her office. Temer, who leaves office on Jan. 1, is under investigation for allegedly taking bribes in exchange for issuing a decree in 2017... Continue Reading →

  The chief justice of Brazil’s Supreme Court late on Wednesday knocked down a colleague’s ruling that would have freed from jail former president Luiz Inacio Lula da Silva, but said the full court will take up the contentious case in April. Chief Justice Dias Toffoli wrote in his ruling that it would be up... Continue Reading →