Petrobras CEO Presentation to Investors June 5, 2017 - please see attached Petrobras CEO Presentation to Investors
Petrobras will not slow down asset sales upon meeting debt targets -CEO
Mon Jun 5, 2017 - State-controlled oil company Petróleo Brasileiro SA will not slow down asset sales or debt-cutting efforts if it meets debt targets earlier than expected, Chief Executive Pedro Parente said on Monday. Petrobras plans to cut net debt to 2.5 times operating profits by 2018, down from 3.24 times in the first quarter.... Continue Reading →
Court trial to determine fate of Brazilian presidency
Brazil's top electoral court opens a trial on Tuesday over the alleged use of illicit money to fund President Michel Temer's 2014 election campaign in a case that could force him from office. The court has no deadline to reach a decision and could take weeks to rule, though the political turmoil Brazil is living... Continue Reading →
Petrobras – Request for certification in the Corporate Governance Program for State-Owned Companies and studies for joining the special listing segment Level 2 of B3
Rio de Janeiro, June 05, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that, after promoting, in the last months, a series of measures to improve its corporate governance, requested B3 (former BMF&BOVESPA), last Friday, June 02, for its certification in the scope of the Corporate Governance Program for State-Owned Companies (“Program”). For the intended... Continue Reading →
In a new phase, OGX seeks strategic partner
After filing to conclude its judicial recovery process, OGX, jewel of the crown of the former Empire X of Eike Batista, faces important challenges to overcome in the coming months. With difficulties to honor its investment commitments and living with risks of having its only source of revenue generation interrupted as early as next year, the... Continue Reading →
PETROBRÁS STARTS DRILLING OF TWO NEW WELLS
Jun. 2 , 2017 Petrobras kicked off the drilling of two wells, one offshore and another onshore. The first is located in the Campos Basin in the Marlim Sul field. The drilling is being done by the Norbe IX rig, which belongs to Odebrecht. The well, which bears the technical name of 6BRSA1349RJS, is in... Continue Reading →
Petrobras – Pre-payment of bank debt with Itaú
Rio de Janeiro, June 2, 2017 - Petróleo Brasileiro S.A. – Petrobras informs that has executed today the pre-payment of an Export Credit Note with Banco Itaú, in the amount of R$ 1 billion and maturity in 2020. Petrobras will continue to assess new funding opportunities according to its liability management strategy, which aims to... Continue Reading →
KNOT Offshore Partners LP Announces Completion of the Acquisition of Vigdis Knutsen
June 01, 2017 ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (the “Partnership”) (NYSE:KNOP) announced today that it has completed its acquisition of the ownership interests in the company that owns and operates the shuttle tanker Vigdis Knutsen (KNOT Shuttle Tankers 25 AS “KNOT 25”) for an aggregate purchase price of $147.0 million less $137.7 million of outstanding indebtedness plus... Continue Reading →
Brazil Oil production increases 10.9% compared to April 2016
June 01, 2017 In April 2017, oil production in Brazil totaled 2,539 million barrels per day (bbl / d). The volume represents a growth of 10.9% in relation to the same month in 2016 and a decrease of 0.4% in comparison with the previous month. Meanwhile, natural gas production was 103 million cubic meters per... Continue Reading →
UNDER NEW MANAGEMENT, SCHAHIN OIL & GAS CHANGES NAME TO BASE
JUNE 2, 2017 Schahin OIL & GAS has a new face. Or rather, new name. The company that carried the founders' last name for 50 years is now called Base. The move is part of the restructuring following the corruption scandals discovered by the Lava Jato operation and follows the course of the judicial... Continue Reading →
Brazil Energy Insight 