Financials and Investment News in Brazil

Suspension of Seizure of Net Revenue from Sales of Oil and OGX Income
11/23/2015 - Ogpar & OGX inform their shareholders and the market in general that, due to appeal filed the Companies, the decision was obtained, resu lting in the suspension of the seizure effects of (i) the net r...
Export Credit Agencies Funding
11/16/2015 - Petrobras informs that in line with its strategy of diversifying funding sources, is concluding negotiations the Export Credit Agency (ECA) from Italy – SACE, from the United Kingdom - UK Export Finan...
Petrobras Posts $1.01 bln 3rd-Quarter Loss on Exchange Rate
11/12/2015 - Petrobras posted a loss of 3.76 billion reais ($1.01 billion) in the third quarter as lower oil prices, a weaker Brazilian currency against the dollar and the country's worst recession in decades crim...
Postponement of the IPO of Petrobras Distribuidora
10/23/2015 - Petrobras hereby announces that, given the adverse conditions in the capital market, its Board of Directors approved, in a meeting held, the postponement, for an undetermined period, of the registrati...
Brazil Gives SBM Ultimatum in $250m Bribery Settlement
10/22/2015 - Brazil has told Dutch SBM Offshore NV to agree soon to a $250 million bribery settlement if it wants to regain its biggest client in the world's largest oilship market, a government source told Reuter...
Brazil's Subsalt Oil Profitable at $55
10/20/2015 - Brazil's giant offshore subsalt oil and gas areas will only break even with oil worth $55 a barrel or more, Oswaldo Pedrosa, chief executive of state-owned oil-asset management company Pre-Sal Petrole...
Financing Agreement with ICBC Leasing
10/13/2015 - Petrobras concluded the negotiations with the Industrial and Commercial Bank of China Leasing - ICBC Leasing related to a financing transaction amounting to US$2 billion for a period of 10 years, thro...
Petrobras Increase Prices at the Refinery Gate
9/30/2015 - Petrobras informs the following increase in prices at the refinery gate, which will be in effect beginning midnight, September 30, 2015: ...
Brazil's Petrobras Agrees to Refinance 6 bln Reais Tax Bill
8/14/2015 - State-controlled Petroleo Brasileiro SA agreed to refinance an outstanding 6 billion reais ($1.7 billion) tax debt with the Brazilian government, allowing the debt-laden oil producer to restructure an...
Brazil Targets Minimum 1 bln Reais for October Oil Blocks Auction
6/12/2015 - Brazil's oil and gas auction in October will look to sell 266 exploration blocks with a combined minimum value of 978.77 million reais ($313.7 million). ...
Petrobras Brings in Merrill to Help in $5b Selloff Plan
6/3/2015 - Indebted Brazilian oil company Petrobras has brought in Bank of America Merrill Lynch to help manage a multi-billion dollar divestment plan and has already contacted major oil companies who might be i...
Financing between Petrobras Distribuidora and Banco Bradesco
6/1/2015 - Petrobras informs that concluded the financing operation with Banco Bradesco, through its wholly-owned subsidiary Petrobras Distribuidora S.A., in the form of an export credit note, worth R$ 3 billion...
Brazil's Petrobras Posts 5.33 bln 1st Quarter Profit
5/15/2015 - Brazil's state-run oil company Petroleo Brasileiro SA beat analyst forecasts, posting first-quarter profit little changed from a year earlier, as an end to fuel subsidies helped overcome a plunge in c...
R$ 157 million Recovered by Lava Jato Operation
5/12/2015 - Petrobras announces that today R$ 157 million in funds repatriated by Brazil’s Federal Prosecutor as a result of Operation Lava Jato were made available for the Company. This is the first reimbursemen...
Petrobras Plans Lawsuits to Recoup $440m in Graft
5/8/2015 - Brazil's state-run oil company Petroleo Brasileiro SA plans to sue five construction and engineering firms and their senior executives to recover about 1.3 billion reais ($440 million) lost in a corru...
Petrobras Presented R$21.6 billion Loss in 2014
4/22/2015 - We presented a loss of R$21.6 billion in 2014, mainly due to an asset impairment charge of R$44.6 billion and a R$6.2 billion write-down arising from improper payments identified within the scope of t...
Loan Contracts and Divestment Plan
4/17/2015 - Petrobras announces that concluded negotiations on the following loan contracts:

· R$ 4.5 billion export note with Banco do Brasil through its subsidiary BR Distribuidora for a 6-year perio...
OGPAR and OGX Enter into a Standstill Support Agreement
4/10/2015 - OGPar, OGX have entered into Standstill and Settlement Support Agreement, Assumption of Affirmative and Negative Covenants and Other Arrangements with certain consenting creditors who , directly or t...
Swiss Prosecutor Finds 300 Bank Accounts Linked to Petrobras Scandal
3/18/2015 - Swiss prosecutors have uncovered over 300 accounts at more than 30 Swiss banks that they suspect are linked to the massive corruption and money-laundering scandal at Brazil's state-run oil company Pet...
Dow Jones Sustainability Index
3/16/2015 - Petrobras announces that the Dow Jones Sustainability Index Committee has notified that the company is no longer a member of the Dow Jones Sustainability Index World (DJSI World) as of March 23, 2015....

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