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Petrobras Said to Start Asset Sale With Fields in Argentina By Rodrigo Orihuela Daniel Cancel 11:48 AM BRT March 27, 2015 Billionaire Eduardo Eurnekian. Photographer: Scott Eells/Bloomberg (Bloomberg) -- Petroleo Brasileiro SA, the state-controlled company at the center of Brazil’s biggest corruption scandal, agreed to sell oil and natural gas fields in southern Argentina to... Continue Reading →
Mexico’s Pemex Lands Pipeline Deal With BlackRock, First Reserve Project will bring cheap U.S. natural gas to central Mexico Pemex has landed a major investment deal for a natural-gas pipeline. PHOTO: BLOOMBERG NEWS By LAURENCE ILIFF/WSJ March 26, 2015 5:33 p.m. ET MEXICO CITY—National oil company Petróleos Mexicanos has landed its first major investment since an overhaul... Continue Reading →
Petrobras Names Vale CEO Ferreira to Take Over Board on April 29 by Juan Pablo Spinetto Paula Sambo 10:11 AM BRT March 27, 2015 (Bloomberg) -- Petroleo Brasileiro SA is appointing the top executive at iron-ore miner Vale SA to lead its board from the end of next month as Brazil’s state-run oil producer attempts... Continue Reading →
Notices and Facts - PETROBRAS Clarification on News: Financial Statements Rio de Janeiro, March 26, 2015 – Petróleo Brasileiro S.A. – Petrobras complies with OFFICIAL LETTER/CVM/SEP/GEA-1/No. 91/2015, which requests the following information: OFFICIAL LETTER /CVM/SEP/GEA-1/No. 91/2015 “In reference to news released today by Agência Estado – Broadcast at 7:09:57 p.m. entitled “Sources: Petrobras to record... Continue Reading →
Brazil’s Economy Expanded Slightly in 2014 Economy grew 0.1% for the year, but shrank 0.2% in the fourth quarter By JEFFREY T. LEWIS and ROGERIO JELMAYER/WSJ March 27, 2015 8:38 a.m. ET SÃO PAULO—Brazil’s economy grew slightly in 2014 from 2013, a better-than-expected performance, but shrank in the fourth quarter from a year earlier as investment... Continue Reading →
Petrobras Boardroom Helm Handed to Rousseff State Banker Ally By Juan Pablo Spinetto Sabrina Valle 6:48 PM BRT March 26, 2015 (Bloomberg) -- Petroleo Brasileiro SA appointed a long-time ally of President Dilma Rousseff to lead its board, shunning calls to regain credibility by naming a more market-friendly executive. Petrobras, the Rio de Janeiro-based oil... Continue Reading →
Brazil’s Economy Expected to Shrink in 2015, as Joblessness Rises in February Central bank sees GDP contracting 0.5% this year, with worsening inflation A man sits below a job advertisement while waiting for a job interview in Brasília on March 17. PHOTO: REUTERS By JEFFREY T. LEWIS and ROGERIO JELMAYER/WSJ Updated March 26, 2015 12:34 p.m. ET SÃO... Continue Reading →
Petrobras Oil Delays Seen by Fitch as Possible Rate-Cut Trigger By Sebastian Boyd Peter Millard 12:17 PM BRT March 26, 2015 (Bloomberg) -- Petroleo Brasileiro SA, the biggest oil producer in deep waters, risks losing its investment-grade credit rating if it fails to complete deep-water production vessels fast enough to accelerate output, said Joe Bormann,... Continue Reading →
Petrobras Bonds, After Slump, Find Takers Prices have risen in the past week amid expectations the oil company soon will resolve uncertainty over its finances Petrobras headquarters in Rio de Janeiro. Some of the state-run oil company’s bonds have risen 7% in the past week. PHOTO: ANTONIO LACERDA/EUROPEAN PRESSPHOTO AGENCY By CAROLYN CUI/WSJ March 25, 2015 6:54... Continue Reading →
Galvao Engenharia Files for Bankruptcy Protection Amid Probe By Julia Leite 8:35 PM BRT March 25, 2015 (Bloomberg) -- Galvao Engenharia SA, a Brazilian builder being investigated in a probe of alleged kickbacks at Petroleo Brasileiro SA, filed for bankruptcy protection in Rio de Janeiro. The company said in an e-mailed statement Wednesday that its... Continue Reading →
