Petrobras is negotiating the sale of a stake in the most coveted areas of the pre-salt - close to the mega fields Lula and Sapinhoá - to the French group Total. The transaction is part of a strategic partnership agreement announced by the two companies in October and should also include two thermal plants... Continue Reading →
Petrobras – Divestment process of concession rights for Baúna and Tartaruga Verde/Karoon hit with injunction on $1.5bn Petrobras deal
Australian player hits pause on field purchases from Brazilian state player amid court ruling Rio de Janeiro, 21 November 2016 – Petróleo Brasileiro S.A. – Following the material fact disclosed on 10/06/2016, Petrobras informs that became aware of the existence of an action in respect of which an injunction was granted to suspend the... Continue Reading →
Swiss open investigation of Trafigura employee in Petrobras case
Swiss prosecutors have opened a criminal probe into an employee of commodities group Trafigura as part of a wider investigation into suspected corruption at Brazil's state oil company Petrobras, the Office of the Attorney General said on Monday. Read more
Petrobras could get back 5.5 billion reais in corruption probe: CEO
Fri Nov 18, 2016 | Reuters Brazil's state-run oil company Petroleo Brasileiro SA Chief Executive Officer Pedro Parente attends an economics and politics forum in Sao Paulo, Brazil, September 30, 2016. REUTERS/Paulo Whitaker Brazilian state-controlled oil company Petróleo Brasileiro SA could receive up to 5.5 billion reais ($1.6 billion) back as a result of an... Continue Reading →
Clarification on News: Negotiations with individual investor
Rio de Janeiro, November 16, 2016 – Petróleo Brasileiro S.A. – Petrobras responds to the Official Letter No. 3252/2016-SAE/GAE 2 requesting clarifications, as follows: Official Letter No. 3252/2016-SAE/GAE 2 “Dear Sirs, In news published by the newspaper Valor Econômico, on 11/16/2016, it is stated, among other information, that Petrobras has progressed in negotiations with... Continue Reading →
Petrobras – Approval of the signing of the contract for the sale of Liquigás
Rio de Janeiro, November 17, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors approved, at a meeting held today, the signing of the contract for the sale of Liquigás Distribuidora S.A. to Companhia Ultragaz S.A., a subsidiary of Ultrapar Participações S.A. Liquigás is a wholly-owned subsidiary of Petrobras and... Continue Reading →
Brazil’s Andrade Gutierrez, CADE Cut Deal Over Belo Monte Dam Probe
Antitrust body said ‘leniency agreement’ signed in September By ROGERIO JELMAYER and LUCIANA MAGALHAES Nov. 17, 2016 3:02 p.m. ET SÃO PAULO—Brazil’s antitrust body said it signed a ‘leniency agreement’ in September with construction company Andrade Gutierrez SA and kept it confidential during the agency’s preliminary investigations into the company’s activities. The agreement was signed... Continue Reading →
Petrobras Renews Financing with Caixa Economica Federal
Rio de Janeiro, November 16, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that it renewed today with Caixa Econômica Federal a loan in the amount of R$ 3.7 billion. The financing has a new maturity date for November 2023 and it is unsecured.
Brazil arrests former Rio governor in corruption probe: police
Brazilian federal police arrested the former governor of Rio de Janeiro state on Thursday as part of an investigation into the embezzlement of 220 million reais ($64 million) in public work projects, a police spokesman said. Sergio Cabral is the highest-profile politician to be arrested in recent months amid a massive anti-corruption investigation that... Continue Reading →
Petrobras will concentrate investments in Brazil over the next five years
Petrobras will concentrate investments in Brazil over the next five years, president Pedro Parente said on Tuesday in New York, where he attended a Bradesco BBI event. "In the next five years, we will focus on Brazil," he said during a speech at the event. "We will invest outside Brazil only if it is in... Continue Reading →
Brazil Energy Insight 