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Petrobras Raises Asset Sale Goal To $21B For 2017-2018 Period
Wednesday, March 22, 2017 Petrobras raises a goal for asset divestitures and partnerships for 2017 and 2018 to $21 billion from $19.5 billion.
Petrobras Resorts To Top Court To Free Divestment Plan
Friday, March 17, 2017 Petrobras has asked the Supreme Court to lift an injunction obtained by an oil workers' union that froze sales of its assets.
Oil Firm Quits Peru Amazon Due To Finances Not Tribal Pressure
Thursday, March 16, 2017 Pacific Exploration and Production Corp. decided not to develop one million hectares of land deep in the jungle on the Peru-Brazil border because of financial concerns, a company spokeswoman says.
President Energy Completes First Portion of Workover Campaign
Friday, March 10, 2017 President Energy announces that the first workover of a previously producing well, DP12 at the Dos Puntitas field in Argentina, has been completed on time and on budget.
CFO: Brazil's Petrobras Confident Accounting Practices Correct
Wednesday, March 08, 2017 Petrobras is "confident" its financial reporting is in line with regulation, its chief financial officer says.
Brazil's Watchdog Asks Petrobras To Restate Financial Reports From 2013-15
Wednesday, March 08, 2017 Brazil's stock market regulator CVM asks state controlled oil company Petroleo Brasileiro SA to restate its annual financial statements for 2013, 2014 and 2015.
Colombia's Ecopetrol Reports $525.6MM Profit In 2016
Monday, March 06, 2017 Colombia's state-controlled oil producer Ecopetrol reports a net profit of $525.6 million during 2016.
Guyana Says Future Oil Output Could Be Refined In Trinidad, Suriname
Thursday, March 02, 2017 The South American nation of Guyana could send future oil production to Trinidad and Tobago or Suriname for refining, a government official says.
Total, Petrobras Seal Strategic Alliance with 'Definitive Contracts'
Wednesday, March 01, 2017 Total and Petrobras sign 'definitive contracts', sealing a strategic alliance between the 2 companies and creating new partnerships in the upstream and downstream sectors.
Minister: Brazil To Lower Oil Industry Local Purchasing Rules By Half
Thursday, February 23, 2017 Brazil's government says it would relax local purchasing rules for the oil industry as of September in an effort to attract foreign investment and lower costs.