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Petrobras - Petrobras discovers new oil accumulation at Poço Verde area, in Sergipe Basin 06/01/2015 Rio de Janeiro, June 1st, 2015 – Petróleo Brasileiro S.A. - Petrobras informs that well 3-SES-189 (Petrobras nomenclature), located at BM-SEAL-4 concession, discovers new oil accumulation in Sergipe Basin´s ultradeep waters. The well, informally known as Poço Verde 4, is... Continue Reading →
Petrobras - Financing between Petrobras Distribuidora and Banco Bradesco 06/01/2015 Rio de Janeiro, June 1st, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that concluded today the financing operation with Banco Bradesco, through its wholly-owned subsidiary Petrobras Distribuidora S.A., in the form of an export credit note, worth R$ 3 billion and a maturity date... Continue Reading →
U.S. Alerted in Brazil’s Foreign Supplier Probe, Prosecutor Says June 2, 2015 — 10:32 AM BRT Prosecutors investigating Brazil’s largest corruption scandal say they notified the U.S. Department of Justice of evidence that at least four foreign companies allegedly paid bribes to win Petroleo Brasileiro SA contracts. The allegations are against units or affiliates of... Continue Reading →
Petrobras Bonds Tell You a Lot About the State of Markets Those century bonds sold by Petrobras have plenty to say June 2, 2015 — 11:32 AM BRT The Petrobras Building.Photographer: Rich Press/Bloomberg Petrobras, the scandal-ridden, junk-rated, state-controlled Brazilian oil producer, surprised markets to sell $2.5bn worth of bonds with a 100-year maturity on Monday. Here's what the unusual debt sale can... Continue Reading →
There is no logical explanation to the success of the Petrobras U$ 2.5 billion Century Bond issue. The market makers and writers are trying to make sense of this event.... Read More... http://www.reuters.com/article/2015/06/02/column-markets-saft-idUSL1N0YL0IZ20150602
Petrobras - Pricing in the international market 06/01/2015 Rio de Janeiro, June 1st, 2015 – Petróleo Brasileiro S.A. – Petrobras announces the pricing of its 100-year Global Notes denominated in U.S Dollars (U.S.$) issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) and unconditionally guaranteed by Petrobras. Closing is expected to occur on June... Continue Reading →
Petrobras surprises market by successfully issuing U$2.5 billion in rare Century Bonds. Dado Galdieri / Bloomberg News Read More http://www.bloomberg.com/news/articles/2015-06-01/petrobras-said-seeking-to-sell-century-bond-in-return-to-market
Petrobras supplier seeks to expand outside of Brazil. Odebrecht Oleo & Gas SA, the oil services arm of Latin America’s largest builder, is seeking to expand outside its home base of Brazil where the group is fighting a contract ban by its main client, Petrobras. Read More http://www.bloomberg.com/news/articles/2015-05-29/petrobras-rig-supplier-chasing-work-abroad-to-reduce-brazil-risk
Petrobras - Suspension from the Brazilian Institute of Corporate Governance - IBGC Rio de Janeiro, June 1st, 2015 - Petróleo Brasileiro S.A. - Petrobras informs that received a mail from the Brazilian Institute of Corporate Governance – IBGC communicating that its Board of Directors decided to suspend Petrobras from its members for a period of... Continue Reading →
Petrobras surprises market with rare Century Bond issue. The market was surprised with the announcement by Petrobras that it will issue a rare Century Bond to test the markets. An extremely bold move. Read more http://www.reuters.com/article/2015/06/01/petrobras-bonds-idUSL1N0YN0YY20150601
Brazil Energy Insight 