Brazil Archives - Page 42 of 48 - Editores LatinPetroleum

(Petrobras, 6.Dec.2018) — Petrobras, in compliance with article 12 of CVM Instruction no. 358, dated of 1/3/2002, was notified by BlackRock, Inc. that the latter has acquired preferred shares issued by the company and as of December 4, 2018 it manages share interests of approximately 5% of preferred shares issued […]

Brazil Warns Against Sidelining Poorer Countries On Climate

(AP, 6.Dec.2018) — Brazil warned Wednesday against freezing developing nations out of negotiations at the UN climate summit, suggesting this could lead to an acrimonious collapse in talks as seen in Copenhagen nine years ago. Accusations of back-room deals aren’t uncommon at such meetings, where diplomatic huddles often last late […]

Petrobras’ 2019-2023 Business Plan

(Petrobras, 5.Dec.2018) — Petrobras reports that its Board of Directors has approved, in a meeting held yesterday, the 2040 Strategic Plan and the 2019-2023 Business and Management Plan, prepared in an integrated manner. 2040 Strategic Plan The Strategic Plan brings a new vision of an integrated energy company, aligned with […]

Petrobras: 2040 Strategic Plan, 2019-2023 Business And Management Plan

Petrobras’ Invitation 2040 Strategic Plan & 2019-2023

(Petrobras, 5.Dec.2018) — Petrobras informs that today, Dec. 5, 2018, the company will disclose its 2040 Strategic Plan and 2019-2023 Business and Management Plan. We are pleased to invite you to participate in our teleconference/webcast about the plan, with broadcast in Portuguese and simultaneous translation to English, as follows: December […]

Petrobras Announces Reduction Of Significant Shareholding Interest

(Petrobras, 4.Dec.2018) — Petrobras, in compliance with article 12 of CVM Instruction no. 358, dated of 1/3/2002, informs that it was notified by BlackRock, Inc. that the latter has sold preferred shares issued by the company, and as of November 29, 2018 it manages shareholding interest less than 5% of […]

Petrobras To Pay Interest On Own Capital

(Petrobras, 3.Dec.2018) — Petróleo Brasileiro S.A (Petrobras) is paying today Interest on Own Capital (IOC), as defined in art. 9, sole paragraph of its Bylaws. The value to be distributed, totaling R$ 1,304,449,693.00, corresponds to a gross amount of R$0.10 per common or preferred share, based on shareholding positions as […]

Petrobras And Murphy Conclude Formation Of GOM Joint Venture

(Petrobras, 3.Dec.2018) — Petrobras, following up on the release disclosed on October 10, 2018, concluded the operation that has resulted in the formation of a joint venture company (JV), of which Murphy Exploration & Production Company has an 80% stake, while Petrobras America Inc (PAI) holds the remaining 20% stake, […]

Petrobras Executes New Contractual Deal Related To Eletrobras Debts

(Petrobras, 3.Dec.2018) — Petrobras, following up on the release published on Apr. 30, 2018, reports that today it executed contractual instruments related to a new agreement negotiated with Centrais Elétricas Brasileiras S.A. (“Eletrobras”) and its subsidiaries Amazonas Energia (“AmE”) e Amazonas Geração e Transmissão (“AmGT”) for the resetting of guarantees […]

Cosan Limited Announces Commencement Of Tender Offer

(Cosan Limited, 30.Nov.2018) — Cosan Limited commenced a tender offer to purchase up to U.S.$100,000,000 of its Class A common shares, or the shares, at (i) prices specified by the tendering shareholders of not greater than U.S.$9.30 nor less than U.S.$8.88 per share or (ii) at the purchase price determined […]

Brazil Withdraws Offer To Host UN Climate Change Conference

(AP, 30.Nov.2018) — Brazil has withdrawn its offer to host a large United Nations conference on climate change next year, the foreign ministry said on Wednesday, leading environmental groups to question the government’s commitment to reducing carbon emissions. Brazil pulled its offer to host the 2019 climate change conference because […]

Shale Gluts, Ship Rules Make Heavy Sweet Oil An Unlikely Star

(Bloomberg, Serene Cheong and Dan Murtaugh, (30.Nov.2018) — There’s a rising star in the oil world, and it’s heavy and sweet. Dense, low-sulfur oil, known in industry parlance as heavy sweet crude, is fetching increasingly stronger prices relative to benchmark lighter grades. For example, Angola’s Dalia traded at just 10 […]

Petrobras Reports On End Of Special Committee Activities

(Petrobras, 29.Nov.2018) — Petrobras reports that its Board of Directors approved yesterday the end of the Special Committee set up in December 2014 to provide a reporting line for the independent investigations conducted by Trench, Rossi e Watanabe Advogados and Gibson, Dunn & Crutcher LLP. Likewise, it also approved the […]

Petrobras Announces Adjustment Of Diesel Sale Price

(Petrobras, 29.Nov.2018) — Petrobras, following up on the release disclosed on October 29, 2018 informs that, due to the methodology established in the National Petroleum Agency (ANP) Resolution no. 743 of 8/27/18, the average price of diesel will be R$1.7984 per liter in the period from November 29, 2018 to […]

Perenco Acquires Three Fields In The Campos Basin From Petrobras

(Petrobras, 28.Nov.2018) — Petrobras signed with Perenco the contracts for the full sale of Petrobras’ stake in the fields of Pargo, Carapeba and Vermelho, the so-called Polo Nordeste, located in shallow waters off the coast of Rio de Janeiro state. The Assets The Pargo field was discovered in 1975, and […]

Petrobras Sales Stake In Shallow Campos Fields

(Petrobras, 28.Nov.2018) — Petrobras reports that it has signed today with Perenco the contracts for the full sale of Petrobras’ stake in the fields of Pargo, Carapeba and Vermelho, the so-called Polo Nordeste, located in shallow waters off the coast of Rio de Janeiro state. The assets The Pargo field […]

Petrobras Divests Of Stake In 34 Onshore Fields In Rio Grande Do Norte

(Petrobras, 28.Nov.2018) — Petrobras announces that its Board of Directors approved yesterday the full sale of its stake in 34 onshore production fields, located in the Potiguar Basin, in Rio Grande do Norte state, to the company 3R Petroleum. The Assets The 34 concessions are mature fields in production for […]

Petrobras Reports Oil And Natural Gas Output For October

(Petrobras, 27.Nov.2018) — Petrobras informs that in October its total production of oil and gas, including natural gas liquids (NGL), was 2.66 million barrels of oil equivalent per day (boed), 2.54 million boed produced in Brazil and 119 thousand boed abroad. The total operated production of the company (Petrobras and […]

Petrobras Updates On CARF Decision Related To Remittances For Vessel Chartering

(Petrobras, 27.Nov.2018) —Petrobras reports that today the Administrative Board of Tax Appeals (CARF) issued a decision against the company in administrative tax proceedings on a total estimated amount of R$ 7 billion, arising from tax assessments drawn up by the Federal Revenue Service for the collection of CIDE (base year […]

Petrobras Offers Clarification Related To Business and Management Plan

(Petrobras, 27.Nov.2018) — Petrobras reports that it has received the Letter No. 1936/2018 -SAE, which requests the following clarification: Letter no. 1936/2018 -SAE “Dear gentlemen, In the news published by Valor Econômico newspaper on 11/27/2018, entitled “Petrobras evaluates 2019-2023 plan,” among other information, it is stated that Petrobras’ BMP 2019-2023 […]

UAE Urges Brazil To Remove It From ‘Tax Haven’ List

(Arabian Business, 26.Nov. 2018) — UAE says to expand its multi-billion dollar investments in Brazil as long as it’s no longer labeled a tax haven by Latin America’s largest economy The UAE is willing to expand its multi-billion dollar investments in Brazil as long as it’s no longer labeled a […]

LatAmNRG Chart Analysis: Venezuela’s R/P Rises As Oil Output Plunges

(Energy Analytics Institute, Pietro D. Pitts, 24.Nov. 2018) — Venezuela is suffering a complete meltdown across all sectors. The Venezuelan oil sector, which generates upwards to 95% of the country’s foreign currency revenues, is in a precarious state to say the least as oil output continues its downward trend. Interesting […]

Bolsonaro Seeks $30 Billion Brazil Oil Boon

(Bloomberg, Sabrina Valle and Samy Adghirni, 23.Nov.2018) — President-elect Jair Bolsonaro is pursuing the sale of Brazil’s deep-sea treasure-trove of oil, but just weeks after his election he’s facing the same political obstacles as his two predecessors. While Bolsonaro’s transition team argues the sale could net some $30 billion to […]

Total Enters Brazil Fuels Sector With Purchase Of Grupo Zema Business

(Total, 22.Nov.2018) — Total has entered into an agreement with Brazilian company Grupo Zema to acquire its fuel distribution company Zema Petróleo, its reseller and retailer arm Zema Diesel as well as its importation company Zema Importacao. Zema Petróleo currently manages an extensive branded network of 280 dealer-operated service stations […]