(Petrobras, 17.Jul.2015) â Due to the unfavorable final ruling by the Tax Appeals Board (CARF), Petrobras paid R$1.6 bln to cover the Tax Deficiency Notice […]
Category: Brazil
Brazil energy
Petrobras Decision on Parque das Baleias Arbitration
(Petrobras, 17.Jul.2015) â Further to the Parque das Baleias Arbitration released on July 6, 2015, the Arbitration Tribunal issued a new ruling (16.Jul.2015) to suspend […]
FPSO Cidade de Marica Arrives in Brazil
(SBM Offshore B.V., 10.Jul.2015) â SBM Offshore announced the arrival of FPSO Cidade de Marica at BRASA, Brazil. The SBM Offshore vessel berthed safely at […]
Douglas-Westood: Brazil in Deep Trouble
(Douglas-Westwood, 7.Jul.2015) â Douglas-Westwood commented on “Brazil â In Deep Trouble” in its latest edition of DW Monday. Petrobras has long been a pioneer in […]
FPSO Cidade de Itaguai Arrive at Iracema
(Petroleo Brasileiro S.A., 6.Jul.2015) â Petroleo Brasileiro S.A. (Petrobras) reported that the floating production, storage and offloading unit (FPSO) Cidade de Itaguai is now anchored […]
Courtâs Prelim Ruling on Parque das Baleias
(Petrobras, 6.Jul.2015) â On 2.Jul.2015, the Arbitration Court granted a provisional remedy in an action filed by Petrobras relating to a resolution of the National […]
Petrobras Reports Sale of BijupirĂĄ, Salema fields
(Petrobras, 2.Jul.2015) â Petrobras signed with PetroRio S.A. contracts for the sale of 20% of its stake in the concessions of BijupirĂĄ and Salema fields, […]
Petrobras to Study Petrobras Distribuidora Offering
(Petrobras, 1.Jul.2015) â Petrobrasâ Executive Board, at a meeting held on 30.Jun.2015, authorized studies to be prepared analyzing strategic alternatives for its wholly-owned subsidiary Petrobras […]
Petrobras to Spend $130.5 Bln Between 2015-2019
(Petrobras, 29.Jun.2015) â On 26.Jun.2015, the Board of Directors of Petrobras approved the 2015â2019 Business and Management Plan. The plan earmarks investments of $130.3 billion […]
Swire Secures Contract with Weatherford Brazil
(Swire Oilfield Services, 29.Jun.2015) â Swire Oilfield Services secured an exclusive five year contract with Weatherford International plc in Brazil. âThis is a great reward […]
Introduction to IBAMA
(The Brazil Business, Renata Garcia, 16.Jun.2015) â IBAMA is an institute that was created to ensure the preservation and maintenance of the environment. It acts […]
Petrobras Comments on FPSO Cidade de SĂŁo Mateus
(Petrobras, 12.Jun.2015) â Petrobras completes analysis of factors that contributed to accident on 11.Feb.2015, on board FPSO Cidade de SĂŁo Mateus, in EspĂrito Santo. The […]
Petrobras Set Record Pre-Salt Production
(Petrobras, 12.Jun.2015) â Petrobrasâ pre-salt production in May set two new monthly output records. Production handled by the company, including both Petrobras and partner production, […]
Petrobras Aims to Gas Reduce Faring by 60%
(Petrobras, 5.Jun.2015) â Brazil is now among the countries that best use their natural gas output. By significantly reducing gas flaring on its platforms, in […]
Moodyâs Assigns Ba2 Rating to Petrobras Notes
(Moody’s, 3.Jun.2015) â Moody’s Investors Service assigned a Ba2 rating to Petrobras Global Finance B.V.’s proposed global notes, which will be unconditionally guaranteed by Petrobras. […]
Petrobras Signs $5 Bln Deal with CDB
(Petrobras, 20.May.2015) â On 19.May.2015, Petrobras signed a cooperation agreement with the China Development Bank (CDB) for the years 2015-2016. The deal encompasses funding of […]
Petrobras Impairment of Trade Receivables
(Petrobras, 20.May.2015) â Petrobras has provisioned, in its 2014 Financial Statements, an allowance for impairment of trade receivables to cover uncollateralized receivables. In the 1Q:15 […]
Petrobras Reports Output for April 2015
(Petrobras, 19.May.2015) â Petrobrasâ foreign oil and natural gas production in April 2015 was 2.785 (Mmboe/d), in Brazil and abroad, up 0.8% on March 2015, […]
Petrobras’ New Pre-Salt Record
(Petrobras, 13.May.2015) â Petrobras announces that on April 11, 2015, oil production in the fields it operates in the pre-salt province of the Santos and […]
Petrobras Seeks Compensation Against Contractors
(Petrobras, 8.May.2015) â Petrobras has filed joint lawsuits with the Federal Public Prosecutorsâ Office for improper conduct against the contractors and executives identified as responsible […]
Petrobras Reports New Composition of Committee
(Petrobras, 8.May.2015) â Petrobrasâ Board of Directors has unanimously approved the new composition of its Audit Committee, by appointing Directors Luiz Nelson Guedes, Luiz Augusto […]
Moodyâs Assigns Rating to RaĂzen Energia
(Moody’s, 30.Apr.2015) â Moody’s AmĂ©rica Latina assigned a Baa3 global scale and Aaa.br national scale ratings to RaĂzen Energia S.A.’s proposed BRL 500 million senior […]
Petrobras Completes Third Sergipe Basin Well
(Petrobras, 29.Apr.2015) â Petrobras finished drilling well 3-BRSA-1296-SES (ANP nomenclature) in the Sergipe Basinâs ultra-deep waters, in concession BM-SEAL-10, block SEAL-M499. The test results confirmed […]
Petrobras Seeks Assist of Federal Prosecutors Office
(Petrobras, 28.Apr.2015) â On 24.Apr.2015, Petrobras submitted a request to assist the Federal Prosecutors Office in seven criminal lawsuits related to Operação Lava Jato (Operation […]
Petrobras Reports Audited Results for 2014
(Petrobras, 23.Apr.2015) â Petrobras presented a loss of R$21.6 billion for the year 2014, mainly due to an asset impairment charge of R$44.6 billion, a […]
Baker Hughes Announces 1Q:15 LatAm Results
(Baker Hughes Incorporated, 21.Apr.2015) â Baker Hughes Incorporated announced results for the first quarter of 2015. Latin America revenue was $493 million for the 1Q:15, […]
Karoon Confirms Find at Echidna-1 Well
(Karoon Gas Australia Ltd., 21.Apr.2015) â Karoon Gas Australia Ltd. announced that a 699 foot (213 meter) gross oil column has been confirmed in the […]
Petrobras Approves Loan for Contracts
(Petrobras, 17.Apr.2015) â Petrobras has approved the following contracts: — R$ 4.5 billion export note with Banco do Brasil through its subsidiary BR Distribuidora for […]
Petrobras Divestments Exclude Pre-salt Assets
(Petrobras, 15.Apr.2015) â Petrobras’ approved divestment plan does not contain pre-salt assets. As reported in a Material Fact on 2.Mar.2015, Petrobras has approved a divestment […]
Subsea 7 Signs $200 Mln Contract in Brazil
(Subsea 7 S.A., 14.Apr.2015) â Norway’s Subsea 7 S.A. was awarded a contract worth approximately $200 million with a duration of approximately 2-years. âThis new […]
Petrobrasâ Board Election
(Petrobras, 27.Mar.2015) â The Petrobras Annual Shareholders’ Meeting scheduled for April 29, 2015 will elect new members of the Board of Directors and Fiscal Council. […]
Petrobrasâ Withdrawal Plan from Okinawa
(Petrobras, 27.Mar.2015) â Petrobras has decided to initiate its plan for withdrawing from Okinawa, Japan. The plan involves closing down the refining activities of the […]
Petrobras Reviews Governance
(Petrobras, 25.Mar.2015) â At a meeting on March 24, 2015, Petrobras’ Executive Board gave the go-ahead for a project to review its corporate governance and […]
Petrobras Libra Consortium 2nd Extension Well
(Petrobras, 24.Mar.2015) â The Libra consortium has finished drilling extension well 3-BRSA-1267-RJS/3-BRSA-1267A-RJS (3-RJS-735/735A). The drilling results confirmed the presence of a hydrocarbon column approximately 200 […]
Coutinho Takes Over Petrobras Board
(Petrobras, 22.Mar.2015) â Economist Guido Mantega resigned on March 23, 2015 from the Petrobras’ Board of Directors, leaving his position as President. The Board approved […]
Olinda to Drill Kangaroo West1 Well
(Karoon Gas Australia Ltd., 20.Mar.2015) â Karoon Gas Australia Ltd.’s disclosed that the Kangaroo-2 appraisal well, located in exploration Block S-M-1165, confirmed a 820 foot […]
Petrobras Sets New Pre-Salt Records
(Petrobras, 19.Mar.2015) â Petrobras output from the Santos and Campos basin pre-salt clusters reached record levels in February. On 26 of the month, records were […]
Petrobras Breaks Record in Sergipe-Alagoas Basin
(Petrobras, 18.Mar.2015) â Petrobras set a new national record, drilling under a water column (distance between the water surface and the seabed) of 2,990 meters. […]
Petrobras Receives $157 Mln via âOperação Lava Jatoâ
(Petrobras, 13.May.2015) â Petrobras CEO Aldemir Bendine participated in a ceremony to return to Petrobras sums recovered through the Federal Policeâs âOperação Lava Jatoâ anti-corruption […]
Petrobras Early Production System in Buzios Field
(Petrobras, 12.Mar.2015) â On March 10, 2015 Petrobras started up its early production system in the Santos Basinâs Buzios field. This will be the first […]
Moodyâs Comments on Braskem
(Global Credit Research, 3.Mar.2015) â Moody’s Investors Service comments that Braskem S.A. announcement of a third extension of its naphtha supply contract with Petroleo Brasileiro […]
Petrobras Contract with Independent Auditor
(Petrobras, 2.Mar.2015) â Petrobras announces that its Board of Directors, on a meeting on February 27, has approved a contract with PricewaterhouseCoopers Auditores Independentes for […]
Petrobras Reveals Divestement Plan Review
(Petrobras, 2.Mar.2015) â Petrobras announced that its Executive Board, on a meeting on February 26, 2015, has approved the companyâs two-year (2015/2016) divestment plan. Divestitures […]
Petrobras Credit Rating Downgrade
(Petrobras, 27.Feb.2015) â Regarding the downgrade to Petrobras’ debt rating announced on February 24, 2015 by Moody’s, the company emphasizes that it is working to […]
Petrobras Names New CEO, Executive Officers
(Petrobras, 6.Feb.2015) â Petrobras informs that its Board of Directors, in a meeting, has approved with majority vote the election of Aldemir Bendine as CEO […]
Petrobras Reports New Campos Basin Find
(Petrobras, 4.Feb.2015) â Petrobras announced the discovery of new oil accumulations in concession BM-C-35 (exploratory block C-M-535), located in the Campos Basin postsalt layer. The […]
Moodâs Downgrades Construtora Andrade Gutierrez
(Global Credit Research, 21.Jan.2015) â Approximately $500 million of rated debt affected. Moody’s Investors Service (Moody’s) downgraded to Ba2 from Ba1 the corporate family rating […]
LatAmNRG: Heard On The Street 3Q:13
(Energy Analytics Institute, 30.Sep.2013) â Information in this section, provided by Energy Analytics Institute editors and reporters, is hearsay and thus should be treated as […]
Q&A with Arthur Littleâs Rodolfo Guzman
(Energy Analytics Institute, Pietro D. Pitts, 24.Sep.2013) â Arthur D. Little Partner Rodolfo Guzman spoke with Energy Analytics Institute in a brief interview from Houston, […]
Brazil, Venezuela, and Mexico: Three Ways To Nationalize Oil
(CSMonitor, 12.May.2012) â Argentina’s renationalization of its biggest oil company, YPF, recently caused an outcry. But the cases of oil nationalization in Brazil, Mexico, and […]