Petrobras Finalizes Sale Of Three Fields

(Petrobras, 8.Oct.2019) — Petrobras, following up on the release of 11/28/2018, reports that today it completed the sale of its interests in Pargo, Carapeba and […]

Petrobras Pays Interest On Capital

(Petrobras, 4.Oct.2019) — Petrobras informs that in connection to the press released of August 1st, 2019 is paying today Interest on Capital  (IOC), as defined […]

Petrobras Reveals 3Q:19 Release Date

(Petrobras, 4.Oct.2019) — Petrobras reports that on October 17, after market closes, the company will release its quarterly production and sales report for 3Q19 and […]

Petrobras On Collective Bargaining Agreement

(Petrobras, 1.Oct.2019) — Petrobras informs that since May 2019 has been negotiating with unions to reach an understanding on the 2019-2020 Collective Bargaining Agreement (“ACT”). […]

Brazil Approves 14 Firms For November Oil Tender

(Reuters, 30.Sep.2019) — Fourteen companies have been officially approved by Brazilian authorities to participate in an oil bidding round in November, in which total signing bonuses […]

Petrobras’ Strategic Revision

(Petrobras, 26.Sep.2019) — Petrobras reports that its Board of Directors approved, at a meeting held yesterday, the update of the Vision, Purpose and Strategies for […]

Petrobras’ Offers Voluntary Severance Program

(Petrobras, 26.Sep.2019) — Petrobras reports that it has approved a new Voluntary Severance Program (“PDV”) exclusively for employees working in the company’s corporate segment. The […]

Petrobras Complete Bookbuilding Procedure

(Petrobras, 25.Sep.2019) — Petrobras, following the press release issued on July 23, 2019, reports that the bookbuilding procedure of the 7th issuance of simple, non-convertible, […]

Petrobras Reports Mooring Incident At P-50

(Petrobras, 23.Sep.2019) — Petrobras reports that platform P-50, located in the Campos Basin, in the Albacora Leste field, had its production preemptively halted on Sunday […]

Petrobras Updates On Provisioning

(Petrobras, 18.Oct.2019) — Petrobras informs that, within its ongoing process of contingencies assessment, it will provision R$ 3.2 billion as a result of: (i) litigation […]

Petrobras Maintains Prices

(Reuters, Gram Slattery and Marta Nogueira, 16.Sep.2019) — – Brazilian President Jair Bolsonaro and Petrobras said on Monday the oil firm was not planning to […]

Petrobras’ Private Exchange Offer Results

(Petrobras, 16.Sep.2019) — Petrobras announced the expiration and expiration date results of the previously announced offers to exchange (the “Exchange Offers”), by its wholly-owned subsidiary […]

Petrobras Offers Clarification Of News

(Petrobras, 16.Sep.2019) — Petrobras reports that it received the Official Letter No. 830/2019-SLS, which requests the following clarification: Official Letter no. 830/2019-SLS “Dear Gentlemen, In […]

Petrobras’ Teaser For Amazonas Fields

(Petrobras, 13.Sep.2019) — Petrobras reports that it has started the opportunity disclosure stage (Teaser), regarding the sale of its interests in two onshore concessions, including […]

Petrobras Reveals Staff Plan For Employees

(Petrobras, 13.Sep.2019) — Petrobras informs that it has approved a staff plan for employees allocated to assets/units in divestment process, which provides for three tools: […]

Petrobras Discloses Teaser For Onshore Fields

(Petrobras, 13.Sep.2019) — Petrobras reports that it has started the opportunity disclosure stage (Teaser), regarding the sale of its interests in two onshore concessions, including […]

Petrobras Finishes Maromba Field Divestment

(Petrobras, 10.Sep.2019) — Petrobras, following up on the release dated 03/08/2019, concluded the sale of its 70% interest in the Maromba field, located in shallow […]

Petrobras Updates On TOR Approval

(Petrobras, 5.Sep.2019) — Petrobras reports that the Brazilian Senate approved the Constitutional Amendment Proposal (CAP) that allows the Federal Government to share with states, the […]

Petrobras Reveals August Production Figures

(Petrobras, 3.Sep.2019) — Petrobras reports that in August its total oil and gas production, including natural gas liquids (NGL), was 3 million barrels of oil […]

Petrobras BODs Names New Governance Officer

(Petrobras, 28.Aug.2019) — Petrobras reports that its Board of Directors, in a meeting held today, elected Mr. Marcelo Barbosa de Castro Zenkner for the position […]

Petrobras Updates On FPSO Rio de Janeiro Leak

(Petrobras, 26.Aug.2019) — Petrobras, following the press release disclosed today, informs that the company Modec has reported that a new overflight has found oil on […]

Petrobras Refinery Sale Draws PetroChina

(Reuters, Tatiana Bautzer and Rodrigo Viga Gaier, 26.Aug.2019) — Brazil’s planned privatization of eight Petroleo Brasileiro SA refineries has lured several of the world’s largest […]

Bolsonaro Wants To Privatize Petrobras

(Reuters, 21.Aug.2019) — The economic team of Brazilian President Jair Bolsonaro wants to privatize state-controlled oil company Petroleo Brasileiro SA before the end of his […]