(Petrobras, 4.Oct.2019) â Petrobras informs that in connection to the press released of August 1st, 2019 is paying today Interest on Capital (IOC), as defined in art. 9, sole paragraph of its Bylaws. The gross value to be distributed, totaling R$ 2,608,840,252.20, corresponds to a gross amount of R$0.20 per […]
Tag: Petrobras
Petrobras Kicks Off Non-binding Phase Of REGAP
(Petrobras, 4.Oct.2019) â Petrobras, following up on the release dated 09/13/2019, informs the beginning of the non-binding phase related to the sale of the Gabriel Passos Refinery (REGAP) in Minas Gerais state, with its associated logistics assets. Potential buyers qualified for this phase will receive a descriptive memorandum with more […]
Petrobras Reveals 3Q:19 Release Date
(Petrobras, 4.Oct.2019) â Petrobras reports that on October 17, after market closes, the company will release its quarterly production and sales report for 3Q19 and on October 24, also after market closes, it will disclose the financial statements report. On October 25 it will be held two conference calls/webcasts to […]
Petrobras Delists Shares From Argentine Exchange
(Petrobras, 4.Oct.2019) â Petrobras informs, in addition to the press release issued on August 9, 2019, that the ComisiĂłn Nacional de Valores (CNV), the Argentine capital market regulator, has authorized the withdrawal of its shares from the public offering regime, exempting the company from promoting a public offering for the […]
Petrobras On Collective Bargaining Agreement
(Petrobras, 1.Oct.2019) â Petrobras informs that since May 2019 has been negotiating with unions to reach an understanding on the 2019-2020 Collective Bargaining Agreement (âACTâ). After more than 20 meetings between representatives of Petrobras and the union, with the submission by the company of three proposals that were not accepted, […]
Petrobras Inks Deal Onshore Fields In The Potiguar Basin
(Petrobras, 30.Sep.2019) â Petrobras signed with the company Central Resources do Brasil Produção de PetrĂłleo Ltda. contracts for the sale of all its stake in the onshore fields of Ponta do Mel and Redonda, located in the state of Rio Grande do Norte. The sale amount is US$ 7.2 million, […]
BP Comes Up Empty Offshore Exploration Hotspot
(Bloomberg, Peter Millard and Kelly Gilblom, 30.Sep.2019) â It was supposed to be BPâs big Brazilian breakthrough after years of setbacks in one of the worldâs top destinations for offshore oil. The potential bonanza is still out of reach, two years after the London-based major teamed up with Brazilâs national […]
Brazil Approves 14 Firms For November Oil Tender
(Reuters, 30.Sep.2019) â Fourteen companies have been officially approved by Brazilian authorities to participate in an oil bidding round in November, in which total signing bonuses are expected to be the biggest so far, exceeding $25 billion, national oil regulator ANP said on Monday. As widely expected, the companies participating include […]
Petrobras Says Revap Refinery Fire Occurred During Scheduled Stoppage
(Reuters, 30.Sep.2019) â A major refinery owned by Brazilian state-run oil firm Petrobras was already undergoing a scheduled stoppage when a fire broke out over the weekend, the company told Reuters on Monday, likely limiting the effects on production. Petroleo Brasileiro SA, as the firm is formally known, did not […]
Brazil Reports Oil Spill Along Northeast Beaches
(Reuters, Marta Nogueira and Roberto Samora, 26.Sep.2019) â Brazil’s environmental agency Ibama said on Thursday that an analysis of a vast oil spill along the country’s northeastern beaches showed the spilled crude did not originate in the country. Ibama said in a statement that it had been investigating the spill […]
Petrobras’ Strategic Revision
(Petrobras, 26.Sep.2019) â Petrobras reports that its Board of Directors approved, at a meeting held yesterday, the update of the Vision, Purpose and Strategies for the new 2020-2024 plan, which is currently being prepared. Petrobras’ new vision is to be the best energy company in generating value for the shareholder, […]
Petrobras’ Offers Voluntary Severance Program
(Petrobras, 26.Sep.2019) â Petrobras reports that it has approved a new Voluntary Severance Program (âPDVâ) exclusively for employees working in the companyâs corporate segment. The initiative is part of the ongoing effort to make the company more sustainable with an efficient staff management. This is the third PDV offered this […]
Petrobras BODs Names Innovation Executive Officer
(Petrobras, 26.Sep.2019) â Petrobras reports that the Board of Directors, in a meeting held yesterday, elected, effective 10/01/2019, Mr. NicolĂĄs Simone for the role of Digital Transformation and Innovation Executive Officer, a new area of the Company that will be deployed after the General Shareholders Meeting to be held on […]
Petrobras Complete Bookbuilding Procedure
(Petrobras, 25.Sep.2019) â Petrobras, following the press release issued on July 23, 2019, reports that the bookbuilding procedure of the 7th issuance of simple, non-convertible, unsecured debentures, in up to 3 (three) series, for placement under best efforts, pursuant to CVM Instruction no. 400 of December 29, 2003, as currently […]
Petrobras Stockpiles LSFO In Malaysia, Singapore
(Argus, 24.Sep.2019) â Petrobras has begun stockpiling low-sulphur fuel oil in Malaysia and Singapore as the 1 January start date approaches for new global marine fuel sulphur regulations. Petrobras is not a registered bunker supplier in Singapore, the biggest bunkering port in the world, but its trading office in Singapore […]
Unit Serving Petrobras Halted Due To Regulatory Issues
(Reuters, 23.Sep.2019) â An oil production unit supporting the operations of Brazilian state-controlled oil firm Petroleo Brasileiro SA has been paralyzed since Sept. 19 due to regulatory issues, the operator, Modec, told Reuters on Monday. The nature of the previously unreported irregularities was not immediately clear. However, Modec said the […]
Petrobras Reports Mooring Incident At P-50
(Petrobras, 23.Sep.2019) â Petrobras reports that platform P-50, located in the Campos Basin, in the Albacora Leste field, had its production preemptively halted on Sunday night, due to the disruption of the mooring of the anchor system. Anchored by another 15 moorings, the platform is stable and safe, offering no […]
Petrobras Reports Advance Of Eletrobras Receivables
(Petrobras, 20.Sep.2019) â Petrobras entered into a Cession Agreement of Credit Rights, allowing the advance of about R$ 8.4 billion of receivables from Eletrobras, recognized in the Debt Assumption Agreements (IADs) referring to the totality of the debts confessed in 2014 by the Eletrobras Group, with original maturity until January […]
Petrobras Updates On Provisioning
(Petrobras, 18.Oct.2019) â Petrobras informs that, within its ongoing process of contingencies assessment, it will provision R$ 3.2 billion as a result of: (i) litigation involving the company Sete Brasil, (ii) environmental process in the state of ParanĂĄ; and (iii) disputes on special participation and royalties involving the National Agency […]
Petrobras Maintains Prices
(Reuters, Gram Slattery and Marta Nogueira, 16.Sep.2019) â – Brazilian President Jair Bolsonaro and Petrobras said on Monday the oil firm was not planning to immediately raise fuel prices in response to the attack in Saudi Arabia, showing the state-run firm may be open to overlooking market pricing norms for […]
Petrobras’ P-68 Departs For BerbigĂŁo And Sururu fields
(Petrobras, 16.Sep.2019) â Petrobras reports that the P-68 platform left today the Jurong Aracruz Shipyard, heading to the BerbigĂŁo and Sururu fields, in the Santos Basin pre-salt. Production of these fields is expected to begin in the fourth quarter of 2019. In line with its 2019-2023 Business and Management Plan, […]
Petrobrasâ Private Exchange Offer Results
(Petrobras, 16.Sep.2019) â Petrobras announced the expiration and expiration date results of the previously announced offers to exchange (the âExchange Offersâ), by its wholly-owned subsidiary Petrobras Global Finance B.V. (âPGFâ), relating to seven series of its outstanding notes set forth in the tables below (the âOld Notesâ). The Exchange Offers […]
Petrobras Offers Clarification Of News
(Petrobras, 16.Sep.2019) â Petrobras reports that it received the Official Letter No. 830/2019-SLS, which requests the following clarification: Official Letter no. 830/2019-SLS âDear Gentlemen, In a news report published by the newspaper Valor EconĂŽmico, on 09/13/2019, under the title “Petrobras is studying to combine pre-salt gas pipelines and go public”, […]
Petrobras Informs On Petrol Prices Due To Saudi Arabia Attacks
(Petrobras, 16.Sep.2019) â Petrobras informs that, due to the latest events in Saudi Arabia, it will carry on with its international market monitoring process. The company points out that, according to its current pricing practices, there is no pre-defined frequency for applying adjustments. Recognizing that the oil market is volatile […]
Petrobras’ Teasers For REGAP, REMAN, LUBNOR And SIX Refineries
(Petrobras, 13.Sep.2019) â Petrobras, following up on the releases disclosed on April 26, 2019 and June 28, 2019, reports the beginning of the opportunity disclosure stage (teasers) regarding the second phase of sale processes of downstream assets and associated logistics in Brazil, which includes: Gabriel Passos Refinery (REGAP) in Minas […]
Petrobras’ Teaser For Amazonas Fields
(Petrobras, 13.Sep.2019) â Petrobras reports that it has started the opportunity disclosure stage (Teaser), regarding the sale of its interests in two onshore concessions, including outflow facilities, denominated CupiĂșba and CarapanaĂșba Cluster, located in the state of Amazonas. The Teaser, which contains key asset information and eligibility criteria for selection […]
Petrobras Reveals Staff Plan For Employees
(Petrobras, 13.Sep.2019) â Petrobras informs that it has approved a staff plan for employees allocated to assets/units in divestment process, which provides for three tools: Internal Recruitment, Termination by Mutual Agreement Procedure (PDA) and a Specific Voluntary Severance Program (PDV). The staff plan will be presented to the employees at […]
Petrobras Discloses Teaser For Onshore Fields
(Petrobras, 13.Sep.2019) â Petrobras reports that it has started the opportunity disclosure stage (Teaser), regarding the sale of its interests in two onshore concessions, including outflow facilities, denominated CupiĂșba and CarapanaĂșba Cluster, located in the state of Amazonas. The Teaser, which contains key asset information and eligibility criteria for selection […]
Petrobras Finishes Maromba Field Divestment
(Petrobras, 10.Sep.2019) â Petrobras, following up on the release dated 03/08/2019, concluded the sale of its 70% interest in the Maromba field, located in shallow waters in the Campos Basin, to BW Offshore Production do Brasil Ltda. (âBWOâ). The transaction was completed with the payment of the first installment of […]
Petrobras Start Binding Phase For Cricaré Cluster
(Petrobras, 6.Sep.2019) â Petrobras, following up on the release dated 06/11/2019, reports the beginning of the binding phase to sell all of its stakes in 27 onshore exploration and production concessions, located in EspĂrito Santo, jointly called CricarĂ© Cluster. Qualified parties for this phase will receive a process letter with […]
Petrobras Updates On TOR Approval
(Petrobras, 5.Sep.2019) â Petrobras reports that the Brazilian Senate approved the Constitutional Amendment Proposal (CAP) that allows the Federal Government to share with states, the Federal District and municipalities the funds raised in the pre-salt auctions – CAP 98/2019, one of the required steps to enable the payment by the […]
Petrobras Wins Award For Innovative Technologies
(Petrobras, 3.Sep.2019) â Petrobras is receiving one of the most important awards in the petroleum and gas industry, given by the Brazilian chapter of the Offshore Technology Conference (OTC Brazil), for the series of innovations developed during the Libra Long Term Testing (TLD), at the Bacia de Santos’ pre-salt layer. […]
Brazil Senate Approves TOR Settlement With Petrobras
(Reuters, 3.Sep.2019) â Brazilâs Senate on Tuesday night approved an amended transfer of rights agreement settling a dispute over pre-salt oil fields between the government and oil company Petrobras that still needs to pass the lower house to clear the way for auctions later this year. Senators agreed that 3 […]
Petrobras Reveals August Production Figures
(Petrobras, 3.Sep.2019) â Petrobras reports that in August its total oil and gas production, including natural gas liquids (NGL), was 3 million barrels of oil equivalent per day (boed), with daily production achieving 3.1 million boed, both reaching record high. In addition, the average pre-salt production (including partners share), in […]
Petrobras Starts Binding Phase For Campos Basin
(Petrobras, 2.Sep.2019) â Petrobras, following up on the release dated 08/09/2019, reports the beginning of the binding phase to sell all of its operated working interest in 11 producing shallow waters fields located in the Campos Basin, jointly called Garoupa Cluster. Qualified parties for this phase will receive a process […]
Petrobras Extends Deadline To Divest Of Refineries
(Petrobras, 30.Aug.2019) â Petrobras, following up on the releases disclosed on 06/28/2019 and 07/15/2019, referring to the first stage of the sale processes of downstream and logistics assets in Brazil, which includes the refineries Abreu e Lima (RNEST), Landulpho Alves Refinery (RLAM), President GetĂșlio Vargas (REPAR) and Alberto Pasqualini (REFAP), […]
Petrobras Reports On Debentures Public Offering
(Petrobras, 30.Aug.2019) â Petrobras was notified on the suspension of the public offering of simple, non-convertible, unsecured debentures, in up to three (3) series, of the seventh (7th) issue of the company (âDebenturesâ), for a period of up to 30 days, by decision of the Brazilian Securities and Exchange Commission […]
Petrobras BODs Approves New Shareholder Compensation Policy
(Petrobras, 28.Aug.2019) â Petrobras says its Board of Directors, in a meeting held today, approved the new Shareholder Compensation Policy. The new policy aims to establish an objective parameter for the payment of earnings, providing investors with more transparency on their compensation, considering the company’s indebtedness and cash flow. The […]
Petrobras Updates On FPSO Rio de Janeiro Incident
(Petrobras, 28.Aug.2019) â Petrobras, following up on the release disclosed on Aug. 26, reports that Modec has informed the company that the FPSO Cidade do Rio de Janeiro, located in the Campos Basin, 130 kilometers from the coast, remains stable and under normal draft and slope conditions. Overflight conducted yesterday […]
Petrobras BODs Names New Governance Officer
(Petrobras, 28.Aug.2019) â Petrobras reports that its Board of Directors, in a meeting held today, elected Mr. Marcelo Barbosa de Castro Zenkner for the position of Chief Governance and Compliance Executive Officer. Marcelo Zenkner holds a BA. in Law from the Federal University of Juiz de Fora (UFJF), specializing in […]
Petrobras Announces CARF Decision Related To PIS
(Petrobras, 28.Aug.2019) â Petrobras has been notified of final decision, without possibility of appeal, from the Administrative Board of Tax Appeals (CARF) that canceled a debt of R$ 5.9 billion in favor of the company regarding the approval of PIS and Cofins credits. The decision will result in the exclusion […]
Petrobras Reports Incorporation Of Petrobras LogĂstica de GĂĄs S.A.
(Petrobras, 28.Aug.2019) â In compliance with CVM Instruction 358/02, Petrobras reports that its Board of Directors held a meeting today and approved the incorporation of Petrobras LogĂstica de GĂĄs S.A. (âLOGIGĂSâ). The incorporation aims at simplifying and optimizing the corporate structure of the Petrobras Group. This is an incorporation of […]
Petrobras Reports Incident At Abreu e Lima Refinery
(Petrobras, 27.Aug.2019) â Petrobras informs that yesterday it detected a leakage of estimated 5 cubic meters of oily waste (oil and water) in the industrial waste treatment plant of the Abreu e Lima Refinery (Rnest). A small amount of oil reached a stream that passes through the refinery internal grounds. […]
Petrobras Updates On FPSO Rio de Janeiro Leak
(Petrobras, 26.Aug.2019) â Petrobras, following the press release disclosed today, informs that the company Modec has reported that a new overflight has found oil on the sea, with an estimated volume of 6.6 cubic meters, in addition to the 1.2 cubic meter leakage identified and now collected. Seven collection and […]
Petrobras Refinery Sale Draws PetroChina
(Reuters, Tatiana Bautzer and Rodrigo Viga Gaier, 26.Aug.2019) â Brazilâs planned privatization of eight Petroleo Brasileiro SA refineries has lured several of the worldâs largest trading and oil companies as prospective bidders, two sources with knowledge of the matter said. Around 20 companies have signed non-disclosure agreements granting them access […]
Petrobras Clarifies News In âFolha de SĂŁo Pauloâ
(Petrobras, 26.Aug.2019) â Petrobras reports that it received the Official Letter No. 269/2019/CVM/SEP/GEA-1, which requests the following clarification: Official Letter No 269/2019/CVM/SEP/GEA-1 âDear Executive Officer, 1. We refer to the news published today, in the newspaper âFolha de SĂŁo Pauloâ, âPoderâ section, under the title: “‘Press commits suicide and is […]
Moodyâs Ups Petrobras’ Stand-Alone Credit Profile
(Petrobras, 23.Aug.2019) â Petrobras informs that the rating agency Moody raised its stand-alone credit profile (SCP) by one notch to “ba2″ from ” ba3″ and affirmed the âBa2â corporate rating, with a stable outlook. Moody’s highlighted that the upgrade reflects Petrobras’ continued success in improving its credit metrics and liquidity […]
Petrobras Receives Binding Offers For LiquigĂĄs
(Petrobras, 23.Aug.2019) â Petrobras, in relation to the news reported in the media, clarifies that as part of the competitive process of divestment of its entire stake in LiquigĂĄs Distribuidora S.A. the consortium formed by ItaĂșsa, Copagaz and Nacional GĂĄsButano presented the best binding offer for the acquisition of this […]
Bolsonaro Wants To Privatize Petrobras
(Reuters, 21.Aug.2019) â The economic team of Brazilian President Jair Bolsonaro wants to privatize state-controlled oil company Petroleo Brasileiro SA before the end of his term in 2022, Brazilian newspaper Valor Economico reported on its website on Wednesday, citing anonymous sources. The report also cites a speech by Economy Minister […]
Bolsonaro Said Wanting To Privatize Petrobras: Rpt
(Reuters, 21.Aug.2019 ) â The economic team of Brazilian President Jair Bolsonaro wants to privatize state-controlled oil company Petroleo Brasileiro SA before the end of his term in 2022, Brazilian newspaper Valor Economico reported on its website on Wednesday, citing anonymous sources. The report also cites a speech by Economy […]