Rio de Janeiro, February 13, 2017 – Petróleo Brasileiro S.A. – Petrobras responds to Official Letter no. 83/2017/CVM/SEP/GEA-1 which requests clarifications, as follows: Official Letter no. 83/2017/CVM/SEP/GEA-1 “Dear Officer, 1. I refer to the article published by O Globo newspaper, under the headline “Todos contra a Petrobras” [“All against Petrobras”], regarding reparation for investments in... Continue Reading →
China’s Sinohydro in talks for Odebrecht stake in Colombia river project
Chinese construction company Sinohydro is negotiating with Odebrecht to take over the Brazilian company's stake in Colombia's Magdalena River navigability project, a deal that could save the $873 million contract, a government official said. Power China is interested in becoming involved through its Sinohydro unit, Luis Fernando Andrade, president of Colombia's National Infrastructure Agency, told... Continue Reading →
Nova Transportadora do Sudeste Sale Process
Rio de Janeiro, February 10, 2017 – Petróleo Brasileiro S.A. – Petrobras, in addition to the material fact disclosed on November 30, 2016, when the Extraordinary General Meeting approved the sale of 90% of Petrobras stake in Nova Transportadora do Sudeste (NTS), informs that today was officially notified by a Regional Federal Court of... Continue Reading →
Standard & Poor’s improves Petrobras’ rating
Rio de Janeiro, February 10, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that credit rating agency Standard & Poor’s announced that it raised the rating for the Company’s corporate debt to 'BB-' from 'B+' and altered its outlook to stable from negative. The agency noted on its report that the improvement in Petrobras’ rating... Continue Reading →
Petrobras announces final tender results and final settlement for cash tender offers
RIO DE JANEIRO, BRAZIL – FEBRUARY 9, 2017 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that holders of US$4,899,100,000 and €631,753,000 principal amount of the outstanding notes of the series set forth in the table below (all such notes, collectively, the “Old Notes” and each a “series” of Old Notes), issued by... Continue Reading →
Aker Solutions: 4Q net loss deepens. No dividend for 2016
Image source: Aker SolutionsAker Solutions’ revenue fell, and net loss deepened in the fourth quarter of 2016, amid the global market slowdown in demand for oil services. The company expects more of the challenging market conditions ahead and will pay no dividend for 2016. The Norwegian offshore oilfield services provider said its revenue fell to... Continue Reading →
An Energy Giant Bigger Than Exxon in the Shadow of Saudi Aramco
Qatar Petroleum is the hidden giant of the global energy industry, overshadowed by its neighbor Saudi Aramco. Yet, the country’s colossal natural gas resources allow the state-run company to pump more oil and gas than Rosneft PJSC or Exxon Mobil Corp. After almost two decades of breakneck growth, the company needs to change tack. QP... Continue Reading →
NORWEGIAN COMPANIES PLAN TO MERGE AND CREATE MEGA ENTERPRISE OF THE SUPPORT VESSELS SECTOR
Feb 8, 2017 A major new power house in the maritime support navigation sector may be born soon. Norwegian companies Farstad Shipping, Deep Sea Supply and Solstad Offshore have reached an agreement to join forces, creating a new mega company with a fleet of 154 vessels, one of the largest in the world.... Continue Reading →
Public consultation on request of waiver of the FPSO for Libra – ANP
02/09/2017 ANP will open today a “Public Consultation” to collect data to analyze the request of exemption of compliance of local content (waiver) for the FPSO of Libra. The consultation will last 30 days, counting from the publication in the Official Gazette of the Union. Contributions can be sent to the address isencao02@anp.gov.br. The... Continue Reading →
STATOIL PLANS TO START SECOND PHASE OF PEREGRINO PRODUCTION IN 2020
Feb. 08, 2017 Not everything is a crisis in Brazil. With the growing interest in the country, Statoil will concentrate its efforts on the second phase of production of the Peregrino field in the Campos Basin, which will begin in 2020. The company's president, Eldar Sætre , stated that the Peregrino Project is an important... Continue Reading →
