A top Brazilian prosecutor said more than 350 new investigations will spring from a trove of testimony by executives of construction firm Odebrecht, revealing how corruption cut across the political spectrum from the smallest cities to the highest levels of government. Carlos Lima, the dean of a team of prosecutors in southern Brazil that is... Continue Reading →
Petrobras – Federal Accounting Court (TCU) authorizes resuming the Divestment Program
Rio de Janeiro, March 15, 2017 – Petróleo Brasileiro S.A. – Petrobras, in continuation to the material facts disclosed on 12/8/2016 and 12/20/2016, reports that the decision by the Federal Accounting Court (TCU) issued today, repealed the preventive order preventing the company from initiating new divestment projects and concluding those in progress and, as for... Continue Reading →
Petrobras – Oil and natural gas production in February
Rio de Janeiro, March 14th, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that its total oil and natural gas production in February totaled 2.82 million barrels of oil equivalent per day (boed), from which 2.703 million boed were produced in Brazil and 113 thousand boed abroad. The average oil production in the country was... Continue Reading →
Brazil prosecutor dramatically broadens political corruption probe
Brazil's top public prosecutor dramatically expanded a corruption probe of the country's political establishment on Tuesday, asking the Supreme Court to open 83 new investigations of politicians named in explosive plea bargain testimony. Prosecutor General Rodrigo Janot also requested that the Court send 211 other requests to lower courts based on much-anticipated testimony by executives... Continue Reading →
ANP AUTHORIZES START OF P-66 PRODUCTION
A new pre-salt platform will boost domestic oil and gas production. The National Petroleum Agency (ANP) has authorized Petrobrás to start the FPSO P-66 activity, in the Lula Sul module, in the Santos Basin. ANP's board of directors approved the extraordinary natural gas burn of up to 130,000 Mm³ in the first... Continue Reading →
Clarification on News – Addendum: Energy Development Account Budget for the year 2017
Rio de Janeiro, March 13, 2017 – Petróleo Brasileiro S.A. – Petrobras responds to Official Letter no. 115/2017/CVM/SEP/GEA-1 which requests additional clarifications, as follows: Official Letter no. 115/2017/CVM/SEP/GEA-1 “Dear Sir, 1. We herein refer to the reply forwarded by the Company on 03.07.2017, through the Empresas.Net System, under Category “Market Communication”, Type “Clarifications on News:... Continue Reading →
Schahin believes in recovery with certificate of good results by Petrobras
Company facing trial on Monday (03/13) Schahin is more confident in the judicial recovery process. This is because Petrobras issued a certificate of good results in the operation of the Vitoria 10,000 drillship. The vessel is an important asset for the company’s survival. For Schahin's lawyers, the specter of renewal of the... Continue Reading →
Six fast supply vessels delivered for Petrobras charter
The final six fast supply vessels (FSVs), designed by the Australian ship designer Incat Crowther, have recently been delivered to Baru Offshore, for charter with Petrobras. Incat said on Wednesday the vessels were the last of a dozen 48 meter-long DNV Classed DP-1 monohulls named the Baru Serrana, Baru Tesoro, Baru Sinu, Baru Sirius,... Continue Reading →
Let the good times roll.
Oil prices are down nearly 10 percent over the past month, leading some to wonder if we're set for a resumption of the plunge seen between 2014 and early 2016. Executives at oil companies, however, are optimistic. A new note from Goldman Sachs Group Inc. dives into fourth quarter earnings calls to get a sense... Continue Reading →
Exclusive: Brazil top court likely to free suspects in ‘Car Wash’ graft probe – source
Brazil's Supreme Court is likely to begin ordering the release next month of suspects in the country's biggest corruption investigation who have been held for months without being brought to trial, a senior judicial source with knowledge of the matter told Reuters. Such a decision would be a setback for Sergio Moro, the federal judge... Continue Reading →
