NRGBriefs: YPF’s 3Q:21 Webcast, PGF’s Global Notes

(Energy Analytics Institute, 30.Sep.2021) — Energy briefs including Argentina’s YPF announcing details of its 3Q:21 webcast, Petrobras Global Finance B.V. (PGF) on settlement of early redemption of global notes, and refining worker detentions in Venezuela, among other updates.



— Argentina’s YPF will release its 3Q:21 results on 9 Nov. after the market closes. On 10 Nov. 2021 between 8:30- 10:30am BAT the co. will hold a webcast. Participant’s can dial-in toll free via (888) 550-5497 while international participants can dial-in via (646) 960-0806


Petrobras’ wholly-owned subsidiary Petrobras Global Finance B.V. (PGF) concluded on 29 Sep. 2021 settlement of the early redemption of the 4.375% Global Notes and 4.25% Global Notes, both maturing in 2021, the state oil co. said 29 Sep. in an official stmt. The total amount of the redemption was around $1.3bn, excluding accrued and unpaid interest on the principal amount of the notes, considering the exchange ratio of $1.1717/€ for the euro securities.

Moody‘s raised Petrobras’ credit profile by one notch, from “Ba2” to “Ba1”, w/ a stable outlook, Petrobras announced 28 Sep. 2021 in an official stmt. The agency also raised the co.’s stand-alone credit profile (intrinsic risk) by one notch, from “ba2” to “ba1”. With this upgrade Petrobras is rated one notch above the Brazilian govt, which Moody’s “says stems from the co.’s superior credit profile, including proven resilience in adverse economic and business conditions.”


— A $175mn SDR allocation from the IMF boosted foreign currency reserves, which reached $610mn in Aug. 2021, the highest level since May 2018, wrote Caribbean economist Marla Dukharan in her September “Caribbean Monthly Economic Report.”


— The Charge d’Affaires to the Venezuelan Embassy in Colombia, Eduardo Battistini accompanied members of the National Assembly of Workers to deliver a document to the UN that provides evidence of the various violations of labor rights in Venezuela against more than 150 workers, the embassy announced 30 Sep. 2021 in an official stmt.

— A number of workers were arbitrarily detained at Venezuela’s Punta Cardón refinery located within the Paraguaná Refining Center. The workers were handcuffed and taken from their workplaces and homes, oil union official Ivan Freites told Energy Analytics Institute (EAI).


By Ian Silverman, Aaron Simonsky and Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.