Tag: Petrobras

• Tuesday, January 12th 2016 - 06:50 UTC

  Brazilian prosecutors looking into possible foreign and local banks involvemrny in Petrobras corruption

  

  Brazil's federal tax authority and prosecutors are investigating 13 foreign and local banks for possible financial crimes intermediating loans to Brazilian engineering conglomerate Grupo Schahin, newspaper O Estado de S Paulo says.

• Friday, January 8th 2016 - 18:15 UTC

  Petrobras plans further 2016/20 investments cuts, says Sao Paulo media

  

  Brazil state-run hydrocarbons giant Petrobras will reportedly present a five-year investment plan next month with a target lower than the US$19 billion plan announced last year. Despite two budget cuts last year, Petrobras' plans for the 2016 to 2020 period will include a further drop, with the cuts expected to come from onshore and shallow-water areas, according to a report in the Brazilian daily Estado de S Paulo.

• Thursday, December 24th 2015 - 11:11 UTC

  Capital-strapped Petrobras wants to extend oil and gas fields contracts

  

  Brazil's state-run oil company Petrobras will have to agree to extract at least 900 million barrels more of oil and natural gas equivalent from its Marlim and Voador offshore oil fields to win early renewal of its concession rights, oil regulator ANP said.

• Wednesday, December 16th 2015 - 07:26 UTC

  Expect a much smaller and more profitable Petrobras, in four years, says CEO Bendini

  

  Petrobras, Brazil's largest corporation, carried out asset sales and underwent a restructuring this year in response to a severe financial crisis, emerging smaller but with a more profitable and productive future ahead, CEO Aldemir Bendini said Tuesday.

• Saturday, December 12th 2015 - 06:56 UTC

  Petrobras not selling any stake of its giant Libra offshore oil prospect

  

  Petrobras, is not considering selling a 10% stake in its giant Libra offshore oil prospect at this time, Brazil's state-run oil company said on Friday. Petrobras was responding to a report on Tuesday that industry sources had been told by the company that the Libra stake was on offer.

• Tuesday, December 1st 2015 - 07:32 UTC

  Petrobras board chairman resigns; apparent disagreements with CEO Bendine

  

  Murilo Ferreira has resigned as chairman of Brazilian state oil company Petrobras, the firm said Monday. Ferreira, the CEO of mining giant Vale, took a leave of absence in September and Luiz Nelson Guedes de Carvalho, who has served as interim chairman since then, will continue in that role for the moment, the company said in a brief statement.

• Saturday, November 21st 2015 - 08:01 UTC

  Petrobras back to normal activity as splinter union ends 20-day strike

  

  Earlier on Friday a key Petrobras workers union voted to end a 20-day strike that disrupted output. Workers at the Sindipetro Norte Fluminense local, who had ignored the largest oil workers' union FUP's call to end the strike that started on November first, will return to work Friday evening at onshore operations, union spokesman Tezeu Bezerra.

• Friday, November 20th 2015 - 07:36 UTC

  Brazil considering plan to bolster Petrobras capital with 'hybrid securities'

  

  Brazil’s government is considering a debt plan to bolster the capital of heavily indebted state-controlled oil Petrobras, Agencia Estado news agency reported on Thursday. Under the plan, the Brazilian Treasury would transfer so-called hybrid securities to Petrobras, which would then book the securities as equity until it sold new stock, Estado reported.

• Friday, November 20th 2015 - 05:48 UTC

  UK Export Finance extends US$ 500m credit to debt-strapped Petrobras

  

  Brazil's oil company Petrobras has concluded negotiations with international export credit agencies (ECAs) for a total of US$1.84bn. According to a company statement. The financing will contribute towards its fundraising efforts for 2016.

• Wednesday, November 18th 2015 - 08:22 UTC

  Petrobras splinter union refuses to end strike and calls members to abandon offshore vessels

  

  Brazilian oil workers union local responsible for the bulk of the country's oil and gas output told its members on Tuesday to abandon Petrobras vessels operating in the Campos Basin, Brazil's most productive oil district.