Rio de Janeiro, July 25, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that in 2014 it started a study to reassess the processes at refining and fertilizer units, and, therefore, adjust the number of job posts for safer, more reliable and efficient operations at its industrial units. The Organization and Methods of Work (O&M)... Continue Reading →
Petrobras – Enrollment of debt related to Petros Plan renegotiation in the Special Program for Tax Regularization
Rio de Janeiro, July 26, 2017 – Petróleo Brasileiro S.A. – Petrobras, pursuant to the material fact of June 30, 2017, reports that its Board of Directors approved today the inclusion in the Special Program for Tax Regularization (Programa Especial de Regularização Tributária – “PERT”),, established by Provisional Measure no. 783 of May 31, 2017,... Continue Reading →
Petrobras – Public Offering of Debentures with Limited Distribution Efforts
Rio de Janeiro, July 26, 2017 - Petróleo Brasileiro S.A. – Petrobras, in compliance with the provisions of Instruction no. 358, of January 3, 2002, by the Securities and Exchange Commission of Brazil ("CVM"), reports that its Board of Directors has approved, in a meeting held today, the 5th (fifth) issue of simple, nonconvertible, unsecured... Continue Reading →
Brazil’s Petrobras sees $1.9 billion hit to second quarter results from tax debits
SAO PAULO (Reuters) - Brazilian state-run oil company Petrobras said on Wednesday that its second-quarter results will be hit by a 6 billion reais ($1.9 billion) charge to include debits from changes to a pension fund scheme in its tax normalization program. Petroleo Brasileiro SA said in a filing that it will make a total... Continue Reading →
Brazil police arrest former Petrobras CEO Bendine in graft probe
RIO DE JANEIRO (Reuters) - Brazilian federal police on Thursday arrested former Petrobras Chief Executive Officer Aldemir Bendine on suspicion he received large bribes from construction conglomerate Odebrecht. [ In a statement, the prosecutor-general's office said police served three arrest warrants and executed 11 search and seizure orders as part of the so-called Car Wash... Continue Reading →
CGG extends Saturno survey offshore Brazil
French geophysical services company CGG has completed an extension of its Santos VII broadband 3D multi-client survey offshore Brazil. CGG said on Wednesday that the 1,867 square kilometer extension to the original footprint gives the company a total of almost 16,000 square kilometers of newly acquired and imaged pre-salt coverage. Read more
Subsea 7 posts higher profit
UK-based subsea engineering, construction and services company Subsea 7 saw an increase in its profit and revenues during the second quarter of this year lifted by renewables and heavy lifting business unit. Subsea 7 on Wednesday posted a profit of of $146 million for the second quarter 2017, up $10 million or 7% compared to... Continue Reading →
Hess sinks deeper in the red
Independent energy company Hess Corporation recorded a bigger loss for this year’s second quarter compared to the one in the prior-year quarter. Hess on Wednesday reported a net loss of $449 million for the second quarter of 2017 compared with a net loss of $392 million in the second quarter of 2016, reflecting a lower effective tax rate... Continue Reading →
Seadrill gets a one-month breather from creditors
Seadrill, a cash-strapped offshore driller, has been given some breathing space in an effort to restructure its reported $14 billion debt. Read more
Petrobras 2nd Quarter 2017 Results Release Date
Rio de Janeiro, July 25, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that it will release its 2nd quarter 2017 results on August 10, 2017 after the market is closed. Therefore, between 07/26/2017 and 08/10/2017, the Company will be in quiet period, during which it will not be able to comment or provide clarifications... Continue Reading →
Brazil Energy Insight 