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Financials and Investment News in Brazil

New Brazilian Government Plans Concessions for Oil Auctions
11/22/2018 - A top aide to Brazilian president-elect Jair Bolsonaro said the new government would adopt concession contracts for lucrative pre-salt oil auctions, raising concerns that talks to change the regime wo...
Pre Payment of Debt and New Financing with Banco Santander
10/31/2018 - Petrobras prepaid a debt with Banco Santander in the amount of US$ 1 billion, due 2023. Simultaneously, it signed with the same institution a new line of credit worth US$ 750 million, due October 2028...
Petrobras Posts Profit in the First Half and Reduces Its Debt
8/3/2018 - Petrobras reported net income of R$ 17 billion in the first half of 2018. The positive result was mainly influenced by the increase in international oil prices, associated with the depreciation of the...
ANP Approves Neon (Echidna) & Goia (Kangaroo) Declaration of Commerciality
5/25/2018 - Karoon has received approval from the ANP for the Neon (Echidna) and Goia (Kangaroo) Declaration of Commerciality. ...
Revolving Credit Facility with Banco do Brasil
3/26/2018 - Petrobras reports that it has signed on 3/23/2018 with Banco do Brasil a revolving credit facility in the amount of R$ 2 billion, with maturity in February 2023. Through the instrument, the company ma...
Petrobras Signs US$4.35 billion Revolving Credit Facility
3/8/2018 - Petrobras has signed with a syndicate of 17 banks, a revolving credit facility (RCF) in the amount of US$ 4.35 billion, with maturity in March 2023. Through the instrument, the company may make withdr...
Petrobras Signs Agreement to Settle Class Action in the US
1/3/2018 - Petrobras announces that it has signed an agreement in principle to settle the securities class action lawsuit filed in the United States District Court for the Southern District of New York (SDNY). ...
Keppel Reaches Global Resolution with Authorities in US, Brazil & Singapore
12/23/2017 - Keppel Corporation Limited (Keppel Corporation or Keppel) confirmed that KOM has reached a global resolution with criminal authorities in the United States, Brazil and Singapore in relation to corrupt...
Petrobras Signs $5B Financing Agreement with CDB
12/5/2017 - Petrobras has signed with China Development Bank (CDB) a financing agreement of US$5 billion with maturity in 2027. Petrobras has also signed a commercial agreement with Unipec Asia Company, establish...
Odebrecht Oil & Gas Signs Reorganization Plans
5/23/2017 - Odebrecht Oleo e Gas S.A. (OOG) and certain subsidiaries have entered into an agreement with a group of creditors to restructure their financial debt. This process will occur by means of an extrajudic...
Odebrecht O&G Nears $5B Debt Restructuring Deal
5/12/2017 - Odebrecht Oleo & Gas SA, the offshore oil drilling firm owned by Brazil's Odebrecht SA, has obtained support from more than 60 percent of its creditors for a restructuring of about $5 billion in debt,...
U.S Judge Approves $2.6 Billion Fine for Odebrecht
4/17/2017 - A U.S. judge on Monday sentenced Brazilian engineering company Odebrecht SA to pay $2.6 billion in fines in a massive criminal corruption case, signing off on a plea deal between the company and U.S.,...
ANP's Notice on Government Participation in Lula Field
3/31/2017 - Petroleo Brasileiro S.A. Petrobras informs that Consortium BM-S-11 received, on March 30th, 2017, a notice issued by the National Petroleum, Natural Gas and Biofuels Agency - ANP, regarding Lula Fie...
Leniency Agreement Provides for Reimbursement of Over $ 81 M
1/19/2017 - Petrobras will receive approximately R $ 81 million from the British company Rolls-Royce, which entered into a leniency agreement with the Federal Public Prosecutor's Office (MPF) under Operation Lava...
Petrobras Says Raises $4B in Bond Issue
1/17/2017 - Brazil's state-controlled oil company Petrobras said that it had raised $4 billion in an international issue of bonds maturing in 2022 and 2017. ...
Petrobras to Buy Back Up to $2 Billion of Debt in Cash
1/9/2017 - Petroleo Brasileiro SA has launched a program to buy back up to $2 billion of existing bonds in cash and the offering of new debt, as the world's most indebted oil company seeks to refinance debt matu...
Petrobras Revises the Price of Fuels
1/5/2017 - According to our pricing policy announced in October 2016 , the Executive Group Markets and Prices (GEMP) decided to raise the price of diesel at the refinery by 6.1% on average. The new values start ...
Petrobras & China Development Bank Signed Contract
12/16/2016 - Petrobras signed a $ 5 billion ten-year financing agreement with the China Development Bank (CDB). The funding is the result of commitment agreement entered into between the parties, as announced on 2...
Petrobras to Reduce Its Indebtedness
11/28/2016 - Petroleo Brasileiro S.A. - Petrobras, further to the Material Fact disclosed on November 22, 2016, informs that the amount of US$ 1.25 billion received upon the closing of the sale of the stake in the...
Petrobras Likely to Get Credit for Oil
11/1/2016 - The revision of a massive exploration contract between Brazil's government and Petrobras will be based on the price of oil at the end of 2014, likely leaving the state-run oil company with a credit, t...

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