Financials and Investment News in Brazil

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...
Strategic Plan and Business and Management Plan 2017-2021
9/20/2016 - Petrobras announces that its Board of Directors approved, at a meeting held yesterday, the new Strategic Plan and the Business and Management Plan 2017-2021. ...
Karoon Hits Pacific with Another Default Notice
7/29/2016 - Karoon Gas Australia Ltd would like to update stakeholders on further developments relating to Karoon’s 65% owned Santos Basin Brazil blocks S-M-1037, 1101, 1102, 1165 & 1166. ...
Brazil Committee Votes to End Exclusive Petrobras Subsalt Rights
7/7/2016 - A bill that would allow companies other than state-led Petrobras to run new oil and gas projects in Brazil's prolific subsalt region advanced when a committee of the lower house of Congress voted to r...
Petrobras' Indian Partners Fight Delay in Troubled Brazil Oil Project
7/4/2016 - Petrobras has warned its Indian partners in a huge offshore project to not expect oil from the site until 2022, according to sources, a fresh sign of how low oil prices and the state-owned company's c...
Uncertainty Impacting Developments in Brazil – May 2016
Uncertainty Impacting Developments in Brazil – May 2016 6/11/2016 - Ratings agency Fitch downgraded Brazil’s long-term foreign and local currency ratings to BB from BB+, with a negative outlook, reflecting the agency’s concerns about the ongoing economic contraction, ...
Emerging and Developing Economies – May 2016
Emerging and Developing Economies – May 2016 6/5/2016 - In Brazil, the reading of April’s consumer confidence index summarizes the negative sentiment triggered by the country’s economic and political hurdles. The index registered its lowest reading ever at...
Petrobras Signs Credit Facility with China Exim Bank
5/9/2016 - Petrobras has signed with the China Exim Bank a term sheet containing the main terms and conditions for a financing contract of US$1 billion and that the final agreement is already under negotiation. ...
Petrobras to Save $500m a Year with Reorganization Plan
3/30/2016 - State-controlled Petroleo Brasileiro SA, the Brazilian oil producer at the center of a sweeping corruption probe, plans to save 1.8 billion reais ($500 million) a year through a reorganization plan th...
Petrobras Posts Record Loss as Oil Price Slump Forces Writedowns
3/21/2016 - Brazil's state-controlled oil company Petrobras posted its biggest-ever quarterly loss after booking a large writedown for oil fields and other assets as oil prices slumped and refinery projects falte...
Disbursement of the Financing Agreement with ICBC Leasing
3/8/2016 - Petrobras informs that the amount of US$ 1 billion, associated with the financial leasing of P-52 platform, signed with ICBC Leasing (Industrial and Commercial Bank of China Leasing) was disbursed . ...
Petrobras Signed Term Sheet with CDB
2/26/2016 - Petrobras has signed a Term Sheet with the China Development Bank (CDB), for financing of US$10 billion. The document contains the main terms and conditions of the operation and was signed by the Pre...
Petrobras Slashes Oil Reserves to Lowest Level in 14 Years
1/29/2016 - Brazil's state-controlled oil producer Petrobras slashed its oil and natural gas reserves 20 percent, hit by a plunge in energy prices, a heavy debt load, high costs and a corruption scandal. ...
Petrobras to Cut Staff, Aims to Save $442m A Year
1/28/2016 - Petroleo Brasileiro SA will cut staff and restructure management to adapt to dwindling oil prices and prioritize high-yield projects, the state-controlled oil producer said in a statement. ...

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