RIO DE JANEIRO, BRAZIL – September 18, 2017 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) today announced the pricing of two series of global notes denominated in U.S. Dollars (the “New Money Notes”) to be issued by its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”). As previously announced in Petrobras’s press release dated... Continue Reading →
Brazil’s new top prosecutor is sworn in, says will maintain graft fight
The new prosecutor general tasked with leading Brazil’s anti-corruption drive was sworn in on Monday, and said she would continue her predecessor’s campaign against graft in Latin America’s biggest nation. Raquel Dodge took over as head of the prosecutor-general’s office from Rodrigo Janot, during whose tenure investigators uncovered Brazil’s largest graft scheme, involving billions of... Continue Reading →
Petrobras to offer US dollar denominated global notes in principal amount of up to U$ 2 billion
Rio de Janeiro September 18, 2017 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) today announced that its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), plans to offer (the “New Money Offer”) U.S.-dollar denominated global notes in one or more series (the “New Money Notes”), in an expected aggregate principal amount of up to... Continue Reading →
Big Oil Becomes Greener With Progress in Cutting Pollution
It’s no secret that oil majors are among the biggest corporate emitters of pollution. What may be surprising is that they’re reducing their greenhouse-gas footprints every year, actively participating in a trend that’s swept up most corporate behemoths. Sixty-two of the world’s 100 largest companies consistently cut their emissions on an annual basis between 2010... Continue Reading →
Petrobras Oil and natural gas production in August
Rio de Janeiro, September 15, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that its total oil and natural gas production in August was 2.72 million barrels of oil equivalent per day (boed), 2.61 million boed of which produced in Brazil and 107 thousand boed produced abroad. The average oil production in the country was... Continue Reading →
Brazil’s Temer faces new graft charges over JBS testimony
Brazilian President Michel Temer was charged with obstruction of justice and racketeering on Thursday, according to a statement posted on the prosecutor general’s office website, threatening to delay the government’s economic reform agenda in Congress. It is the second set of criminal charges filed against the president based on the plea-bargain testimony of the owners... Continue Reading →
Shell to invest $2 billion per year in Brazil through 2020
(Reuters) - The Brazilian unit of Royal Dutch Shell PLC will invest $2 billion per year in the country through 2020, Flávio Rodrigues, the unit’s director of government relations and regulatory affairs, said at an industry event on Thursday. The investment plan does not include potential bids for oil exploration areas, he said, which the... Continue Reading →
Brazil economic activity posts solid start to third quarter
(Reuters) - Economic activity in Brazil expanded at a faster pace than expected in July, suggesting the economy got off to a solid start to the third quarter despite a string of mixed reports. Economic activity rose 0.41 percent in July after seasonal adjustments. The median forecast in a Reuters poll indicated a 0.10 percent... Continue Reading →
Brazil says 17 firms registered to bid for pre-salt oil exploration
A total of 17 companies have registered to take part in two rounds of bidding for licenses to explore pre-salt oil areas in Brazil, Oil and Gas Secretary Marcio Felix said on Thursday. The auctions next month include some of the most promising oil blocks in the world. Pre-salt oil, referring to reserves found beneath... Continue Reading →
Petrobras approves settlement with investors to end individual securities action in the United States
Rio de Janeiro, September 13, 2017 – Petróleo Brasileiro S.A. – Petrobras announces that its Board of Directors approved today an agreement to settle an individual securities action brought before the U.S. federal District Court for the Southern District of New York, by a number of funds affiliated with Discovery Global Citizens Master Fund, Ltd.... Continue Reading →
