Dec 7 (Reuters) - A Brazilian labor court suspended a deal between Petroleo Brasileiro SA and 3R Petroleum, documents seen by Reuters show. The judge said that Petrobras’ board of directors approved the deal without the presence of its employee representative. Petrobras announced a $453 million agreement with oil company 3R Petroleum over 34 oil... Continue Reading →

Brazil’s incoming mines and energy minister, Bento Albuquerque, supports more nuclear and wind power development to diversify the country’s energy matrix, while saying hydropower had reached its limit, newspaper Folha de S.Paulo reported on Friday. Albuquerque favors restarting construction of the Angra 3 nuclear power plant, which has been halted since 2015, as well as... Continue Reading →

Petrobras (“Petrobras”) (NYSE: PBR) announces the commencement of offers by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) to purchase for cash PGF’s notes (all such notes appearing in either tables below, the “Notes” and each a “series” of Notes), for an aggregate purchase price, excluding accrued and unpaid interest, of up to US$1,500,000,000, divided... Continue Reading →

The FPSO "Pioneer of Libra" completes one year of operation in the field of Mero and the completion of the first Long-Term Test, a process to evaluate the behavior of the oil reservoir, at the Libra field. Safety and environment indicators reinforce the success of the vessel, which surpassed the mark of nine million barrels... Continue Reading →

Rio de Janeiro, December 06, 2018 – Petróleo Brasileiro S.A. – Petrobras, in compliance with article 12 of CVM Instruction no. 358, dated of 1/3/2002, reports that it was notified by BlackRock, Inc. ("BlackRock") that the latter has acquired preferred shares issued by the company and as of December 04, 2018 it manages share interests... Continue Reading →

 America turned into a net oil exporter last week, breaking 75 years of continued dependence on foreign oil and marking a pivotal -- even if likely brief -- moment toward what U.S. President Donald Trump has branded as "energy independence." The shift to net exports is the dramatic result of an unprecedented boom in American... Continue Reading →

12/6/18 The Búzios field, in the Santos Basin pre-salt, will absorb 20% of Petrobras' total development investments between 2019 and 2023, in the order of US $ 48.4 billion. The onerous assignment project will receive US $ 9 billion in the period, according to Petrobras' new business plan for the period, released on Wednesday (5/12).... Continue Reading →

12/06/18 Petrobras will invest about US $ 3.7 billion in natural gas for the period between 2019-2023, according to the business plan released on Wednesday (5/12) by the company. Despite changes in its operations in the domestic market, Petrobras intends to develop its operations in the global gas market. Among the main projects that will... Continue Reading →