Oct. 24, 2016 Petrobras president, Pedro Parente, and the president of Total, Patrick POUYANNE, signed a memorandum of understanding to consolidate a strategic alliance in the segments of Exploration and Production (E & P) and Gas and Energy (G & E) in Brazil and potential opportunities abroad. From this memo, the companies are committed... Continue Reading →
Petrobras reaches agreement with investors to settle four individual securities actions in the United States
Rio de Janeiro, October 21, 2016 – Petróleo Brasileiro S.A. – Petrobras announces that its Board of Directors approved, in a meeting held today, agreements to settle four individual securities actions brought before the US District Court for the Southern District of New York by PIMCO Total Return Fund, et al., Dodge & Cox International... Continue Reading →
Petrobras Raised by Moody’s on New Fuel Policy, Asset Sales
Petroleo Brasileiro SA was rewarded with its first rating upgrade in five years after it stepped up efforts to unload assets and began implementing a new fuel price policy. Petrobras, as the Rio de Janeiro-based oil company is known, had its rating raised one level to B2 by Moody’s Investors Service, which pointed to lower... Continue Reading →
BRIEF-Moody’s upgrades Petrobras’ ratings to B2, changes outlook to ‘stable’
Oct 21 Moody's: * Moody's upgrades Petrobras' ratings to B2; changes outlook to stable * Actions on Petrobras' ratings reflect improvements in company's liquidity profile and in regulatory framework in brazil over last few months * Petrobras' ratings have stable outlook; expect that, in next 12 to 18 months, company's liquidity and overall credit risk... Continue Reading →
Petrobras – New diesel and gasoline pricing policy
Click below for the Petrobras - New Diesel and Gasoline Pricing Policy Presentation. apresentacao-politica-de-precos-ing
Aker Solutions to Acquire Majority Stake in Brazil’s C.S.E.
October 21, 2016 - Aker Solutions agreed to buy 70 percent of Brazilian C.S.E. Mecânica e Instrumentação Ltda, building on a strategy to expand its services business in key international markets. The agreement includes an option to purchase the remaining 30 percent of the company three years after the expected close of the transaction... Continue Reading →
GE Cuts Sales Outlook as Oil Drop Hampers Industrial Growth
General Electric Co. may not grow this year as low oil prices, a strong dollar and a sluggish economy crimp demand for oilfield equipment and locomotive parts, a setback for Chief Executive Officer Jeffrey Immelt as he pursues a sharpened focus on manufacturing. The stock fell the most in more than a month after GE... Continue Reading →
AQUALIS WINS OFFSHORE SERVICES CONTRACTS IN THREE PRE-SALT PLATFORMS
20 Out, 2016 Norwegian engineering consultancy Aqualis Offshore was contracted by Japanese company Modec and the BrasFELS shipyard to provide services in three platform ships for the pre-salt layer. Modec contracted Aqualis to work for the integration of the FPSO City Campos dos Goytacazes MV29 in the BrasFELS shipyard in Angra dos Reis, in the... Continue Reading →
Petrobras – Negotiations to sell interest in Guarani
Rio de Janeiro, October 21, 2016 – Petróleo Brasileiro S.A. – Petrobras announces that it is beginning negotiations with Tereos Internacional S.A. regarding the sale of 45.9% interest of Petrobras Biocombustível in the sugarcane company Guarani S.A. and that it is in progress the hiring of Banco Itaú BBA to advise in the transaction. The... Continue Reading →
Moody’s downgrades Odebrecht’s ratings; outlook negative
Global Credit Research - 20 Oct 2016 Approximately USD3.1 billion of Debt Securities Affected New York, October 20, 2016 -- Moody's Investors Service, ("Moody's") Moody's Investors Service downgraded to Caa1 from B3 the foreign currency rating assigned to the senior unsecured notes issued by Odebrecht Finance Ltd. (OFL) and guaranteed by Odebrecht Engenharia e... Continue Reading →
