(Petrobras, 20.May.2015) – 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 […]
Tag: Petrobras
Petrobras Impairment of Trade Receivables
(Petrobras, 20.May.2015) – 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) – Petrobras’ 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) – 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) – Petrobras has filed joint lawsuits with the Federal Public Prosecutors’ Office for improper conduct against the contractors and executives identified as responsible […]
Petrobras Reports New Composition of Committee
(Petrobras, 8.May.2015) – Petrobras’ Board of Directors has unanimously approved the new composition of its Audit Committee, by appointing Directors Luiz Nelson Guedes, Luiz Augusto […]
Petrobras Completes Third Sergipe Basin Well
(Petrobras, 29.Apr.2015) – Petrobras finished drilling well 3-BRSA-1296-SES (ANP nomenclature) in the Sergipe Basin’s 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) – On 24.Apr.2015, Petrobras submitted a request to assist the Federal Prosecutors Office in seven criminal lawsuits related to Operação Lava Jato (Operation […]
Moody’s Confirms Petrobras Argentina Notes
(Moody’s, 28.Apr.2015) – Moody’s Latin America Agente de CalificaciĂłn de Riesgo confirmed the Ba2/Aaa.ar global scale rating and national scale rating on Petrobras Argentina S.A.’s […]
Petrobras Reports Audited Results for 2014
(Petrobras, 23.Apr.2015) – Petrobras presented a loss of R$21.6 billion for the year 2014, mainly due to an asset impairment charge of R$44.6 billion, a […]
Karoon Confirms Find at Echidna-1 Well
(Karoon Gas Australia Ltd., 21.Apr.2015) – Karoon Gas Australia Ltd. announced that a 699 foot (213 meter) gross oil column has been confirmed in the […]
Petrobras Approves Loan for Contracts
(Petrobras, 17.Apr.2015) – Petrobras has approved the following contracts: — R$ 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) – 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) – Norway’s Subsea 7 S.A. was awarded a contract worth approximately $200 million with a duration of approximately 2-years. “This new […]
Petrobras Reports Sale of Assets in Argentina
(Petrobras, 31.Mar.2015) – The Board of Directors of Petrobras Argentina (PESA) approved the sale of all of its assets in the Austral Basin (province of […]
Petrobras’ Board Election
(Petrobras, 27.Mar.2015) – The Petrobras Annual Shareholders’ Meeting scheduled for April 29, 2015 will elect new members of the Board of Directors and Fiscal Council. […]
Petrobras’ Withdrawal Plan from Okinawa
(Petrobras, 27.Mar.2015) – 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) – 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) – 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) – 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) – 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) – 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) – 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 “Operação Lava Jato”
(Petrobras, 13.May.2015) – Petrobras CEO Aldemir Bendine participated in a ceremony to return to Petrobras sums recovered through the Federal Police’s “Operação Lava Jato” anti-corruption […]
Petrobras Early Production System in Buzios Field
(Petrobras, 12.Mar.2015) – On March 10, 2015 Petrobras started up its early production system in the Santos Basin’s Buzios field. This will be the first […]
Petrobras Reports on Appointment of Plaintiff
(Petrobras, 6.Mar.2015) – Petrobras announces that on March 4, 2015, the presiding judge appointed Universities Superannuation Scheme, Ltd. as the lead plaintiff in the Class […]
Moody’s Comments on Braskem
(Global Credit Research, 3.Mar.2015) – 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) – 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) – Petrobras announced that its Executive Board, on a meeting on February 26, 2015, has approved the company’s two-year (2015/2016) divestment plan. Divestitures […]
Petrobras Credit Rating Downgrade
(Petrobras, 27.Feb.2015) – 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) – 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) – 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 […]
Mood’s Downgrades Construtora Andrade Gutierrez
(Global Credit Research, 21.Jan.2015) – Approximately $500 million of rated debt affected. Moody’s Investors Service (Moody’s) downgraded to Ba2 from Ba1 the corporate family rating […]
Rafael Ramirez Speech in Puerto La Cruz
(Energy Analytics Institute, Piero Stewart, 4.Oct.2013) – Venezuela’s Oil Minister President Rafael Ramirez spoke with journalist in Puerto La Cruz, Venezuela. What follows are excerpts […]
Brazil, Venezuela, and Mexico: Three Ways To Nationalize Oil
(CSMonitor, 12.May.2012) — Argentina’s renationalization of its biggest oil company, YPF, recently caused an outcry. But the cases of oil nationalization in Brazil, Mexico, and […]
Galp Energia Inks E&P Deal In Uruguay
(Galp Energia, 2.Sep.2010) — Galp Energia and its consortium partners Petrobras and YPF have signed today in Montevideo, an exploration and production agreement for the […]
Bolivia’s Nationalization of Oil and Gas
(Council on Foreign Relations, Carin Zissis, 12.May.2006) — In a region seen as turning leftward, forging alliances would seem a natural course of events. But […]