Petrobras Prepayment of bank debts

Rio de Janeiro, May 11, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that has made the following debt prepayments: i) US$ 300 million, on 04/26/2018, with Banco Safra, due in January 2023; and ii) US$ 600 million, on 05/10/2018, with JP Morgan Bank, with expiration date in […]

McDermott-CB&I $6B merger complete

Offshore engineering, construction, and installation company McDermott International has expanded its capabilities, becoming an onshore-offshore EPCI specialist, as it closed the acquisition of CB&I on Thursday. The new company, described as the “premier, fully integrated provider of technology, engineering and construction solutions for the energy industry” will continue under […]

Polarcus returns to profit

Seismic player Polarcus returned to profit in the first quarter of the year despite lower revenues. Polarcus on Friday posted a net profit of $2.8 million for the first quarter of 2018, compared to a net loss of $38 million in the corresponding period of 2017. Read more

McDermott wrapping up CB&I acquisition

Offshore engineering and construction specialist McDermott has made a step toward completion of the acquisition of CB&I. The company on Thursday announced the completion of the reverse split of its common stock and the expiration and results of its previously announced exchange offer for shares of Chicago Bridge […]

Petrobras Clarification on News on TAG

Rio de Janeiro, May 8, 2018 – Petróleo Brasileiro S.A. – Petrobras reports that it received the Official Letter No. 189/2018/CVM/SEP/GEA-1, which requests the following clarification: Official Letter No 189/2018/CVM/SEP/GEA-1 “Dear Officer, 1. We refer to the news published on 05.05.2018 in the newspaper “O Estado de São […]