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Nov 16 Brazil's Federal Police on Monday began a new round of arrests and search and seizure operations in the states of Rio de Janeiro and Bahia related to a corruption probe involving state-controlled oil producer Petróleo Brasileiro SA, police said. In a statement, the police said officers were making 11 search and seizure orders... Continue Reading →
Petroleo Brasileiro SA reached an agreement to end a two-week national strike that reduced output in 50 platforms to protest spending cuts and asset sales that threaten jobs, a workers group said. FUP, an umbrella group for Brazilian oil-worker unions, reached an accord with the state-controlled producer after meetings with Chief Executive Officer Aldemir Bendine,... Continue Reading →
Leaders of Brazil's largest oil workers' union said on Friday they had proposed ending a 13-day strike, the most disruptive in 20 years, at state-run oil firm Petroleo Brasileiro SA, or Petrobras. The union, known as FUP, said on its website that it had made progress on its main goal of reversing investment cuts and... Continue Reading →
Petrobras's poor third-quarter results, weaker oil prices and reports that the Brazilian finance minister may step down sent the country's bonds on another rollercoaster ride on Friday. Petrobras bonds were off the intra-day low Friday afternoon but still as much as 1.5 points down on the day after the state-owned oil company posted a R$3.76bn... Continue Reading →
Petroleo Brasileiro SA is looking to fight back the junk debt ratings that have made its borrowing costs balloon. The oil industry’s most indebted major producer is studying ways to borrow against future crude exports as part of an effort to cut its dependency on international capital markets, Chief Financial Officer Ivan Monteiro said during a... Continue Reading →
Friday 13, 2015 English presentation of the Petrobras Webcast 3Q, 2015 Webcast-3T15-Ingles
Newspaper Valor Economico’s real-time news service reported that Rousseff has not yet decided on a replacement for Levy, and there is no set date for his exit. The new minister would not be totally autonomous, the news report says without disclosing how it got the information. The currency also declined as slowing credit growth in... Continue Reading →
11/13/2015 Rio de Janeiro, November 13, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby announces that, its Board of Directors approved the appointment of Mário Vinícius Claussen Spinelli as the Company’s new Ombudsman General. As disclosed on May 15, 2015, the Company approved the restructuring of the Ombudsman General’s Office, including the appointment of a... Continue Reading →
Oil stockpiles have swollen to a record of almost 3 billion barrels because of strong production in OPEC and elsewhere, potentially deepening the rout in prices, according to the International Energy Agency. This “massive cushion has inflated” on record supplies from Iraq, Russia and Saudi Arabia, even as world fuel demand grows at the fastest pace... Continue Reading →
Nov 13 Leaders of Brazil's main oilworkers' union said on Thursday that a contract offer from Petrobras falls short of their demands and sought a meeting with the company's chief executive officer to discuss their requests. Meanwhile the 12-day strike will go on, said FUP, as Brazil's largest oilworkers union federation is known, in a... Continue Reading →
