Petrobras Company News

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Petrobras to Sell Pasadena, Texas, Refinery
Tuesday, February 06, 2018 Petrobras said it had started taking steps to sell its refinery in Pasadena, Texas, an installation ensnared in Brazil's largest corruption scandal.

Exxon, Petrobras Form Alliance To Develop Oil, Gas Projects
Thursday, December 14, 2017 ExxonMobil and Petrobras form an alliance to develop energy projects around the world.

Natural Gas In Petrobras Pipelines Up About 23% In 2017
Tuesday, December 05, 2017 The supply of natural gas in Petrobras' pipeline network likely grew about 23% this year.

Petrobras CEO Says To Discuss Refining Partnership With CNPC CEO
Wednesday, November 15, 2017 Petrobras CEO Pedro Parente said he will meet this month with the CEO of China National Petroleum Corp.

Ex-SBM Executives Plead Guilty In US To Petrobras Bribe Charges
Thursday, November 09, 2017 Two former executives at SBM Offshore NV have pleaded guilty to US charges.

CEO: Brazil's Petrobras Could Bid On More Blocks In Pre-Salt Auction
Tuesday, October 24, 2017 Petrobras could bid on more blocks in an auction of Brazil's pre-salt offshore area this week.

Brazil Regulator Allows Petrobras To Source Libra Rig Hull From Abroad
Wednesday, October 04, 2017 ANP approves a request by the consortium exploring the potentially oil-rich Libra area.

Exxon's Big Bet on Brazil Oil Could Signal Major Pre-salt Role
Friday, September 29, 2017 Exxon has spent heavily this year on oil and natural gas expansion projects to replenish its diminishing reserves.

Exxon Mobil Bets on Brazil, Buys 10 Oil Blocks in Auction
Thursday, September 28, 2017 Exxon Mobil Corp vastly expanded its presence in Brazil on Wednesday.

Petrobras CEO Says Transfer Of Rights Talks Still Ongoing
Wednesday, September 20, 2017 It is unclear when talks will conclude with the government on a revaluation of stakes in offshore oil blocks known as 'Transfer of Rights' areas, a Petrobras executive says.

Petrobras To Sell $2 Billion In Bonds, Replace Costlier Debt
Monday, September 18, 2017 Petrobras will issue up to $2 billion in new bonds as part of a plan to repurchase shorter-dated, expensive securities

Brazil Regulator Rejects Total Study On Drilling At Amazon River Basin
Tuesday, August 29, 2017 Brazil's environmental regulator Ibama says it has rejected Total's environmental study on drilling in the Foz do Amazonas basin.

Petrobras Sends Information On Northeast Brazil Fields To Potential Bidders
Monday, August 28, 2017 Petrobras has provided additional information on several fields in northeast Brazil to potential bidders, according to a Monday securities filing.

Brazil to Crack Down on Ships Sold Into 'Toxic' Scrap Trade
Thursday, August 24, 2017 Brazilian regulators are planning to strengthen rules to prevent exporters from selling aging ships to buyers who offload the vessels in South Asia's controversial coastal scrapyards.

Petrobras Says Test Production In Libra Area To Start In Weeks
Tuesday, August 22, 2017 Oil production from the first rig to operate in Brazil's offshore Libra area should start in late September or October.

Ex-Petrobras CEO Bendine Charged With Corruption In Brazil
Tuesday, August 22, 2017 Brazilian prosecutors charge Aldemir Bendine, the former chief executive of Petrobras with corruption.

Report: Petrobras, Brazil Dispute Transfer Of Rights Worth $30B
Friday, August 18, 2017 Brazil's government and Petrobras are locked in a dispute over the value of offshore oil blocks involving an estimated $30 billion.

Brazil Authorizes Petrobras To Export Idle LNG Cargoes
Wednesday, August 09, 2017 Petroleo Brasileiro SA has been authorized to export idle LNG in the spot market.

Petrobras CEO: Pre-Salt Oil Extraction Costs $8 Per Barrel
Tuesday, August 08, 2017 Oil extraction in Brazil's promising pre-salt offshore wells costs about $8 per barrel, Petrobras CEO Pedro Parente said at an event in Sao Paulo.

Brazil Pre-Salt Oil Output Surpasses All Other Fields In June
Monday, July 31, 2017 Brazil oil production rises .8 percent in June from May to an average of 2.675 million barrels per day.

Brazil Mulls Easing Local Content Rules in Older Oil Contracts
Tuesday, July 18, 2017 Many key crude projects have been put on ice in Brazil due in part to steep costs stemming from tough local content rules.

Brazil Reverses Preliminary Decision On Petrobras Hedge Accounting
Wednesday, July 12, 2017 CVM has reversed a preliminary decision ordering Petrobras to restate financial statements in recent years to include the impact of currency protection on debt and other balance sheet items.

Petrobras Revives Plan for IPO of Fuel Distribution Unit
Friday, June 23, 2017 Petrobras' CEO said the company is reviving an initial public offering of its fuel distribution unit to cut its debt.

Brazil's Petrobras Says One Dead In NS 32 Drillship Explosion
Friday, June 09, 2017 Petrobras reports an explosion on the NS 32 drill ship, which is operated by Odebrecht Oleo e Gas, according to a statement.

Petrobras Sees Room For More Efficient Payroll, CAPEX
Friday, May 12, 2017 Petrobras has room to improve the efficiency of its investments and payroll spending, executives say.

Petrobras Eyes Adding Texas, African Assets to Asset Sale Plan
Wednesday, May 10, 2017 Bloomberg News reported earlier this week Petrobras could raise less than $200 million with the sale of a Pasadena, Texas, refinery, down from the $1.2 billion it originally paid for the asset.

Exxon, Petrobras Said to Hold Talks on Wide-Ranging Partnership
Tuesday, May 09, 2017 Such a deal could give Exxon access to oil fields and infrastructure in Brazil while state-controlled Petroleo Brasileiro SA could gain from Exxon’s expertise in production, refining and distribution, according to Bloomberg's sources.

Petrobras Adding Refineries to Asset Sales as CEO Seeks Cash
Tuesday, May 02, 2017 The Petrobras asset sales are far from over, and they will now include refineries.

Petrobras CEO Says Oil Price Slump Won't Hinder Asset-Sale Plan
Tuesday, May 02, 2017 Oil's lackluster price performance this year is unlikely to hamper Petrobras' plan.

Brazil To Get Data For Revision Of Large Petrobras Contract In May
Monday, April 10, 2017 ANP will submit next month the calculations to base the revision of a large contract with Petrobras known as the Transfer of Rights, the Energy Minister Fernando Coelho Filho says.

Petrobras CEO Sees Debt Falling Below Target By End 2018
Tuesday, April 04, 2017 Petrobras could reduce debt below a projected target of 2.5 times Ebitda by the end of next year, CEO Parente says.

Petrobras Eyes Five Major Assets in New Divestment Program
Friday, March 31, 2017 Brazil's state-run oil company Petrobras is eyeing five major assets for a renewed divestment program to be formalized in the next two weeks.

Petrobras Board Extends CEO Parente's Term Until March 2019
Monday, March 27, 2017 Petrobras' board votes to extend Chief Executive Pedro Parente's term for two years, until March 2019.

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.

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.

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.

Brazil Court Suspends $5.2B Sale Of Petrobras Unit To Brookfield
Friday, February 10, 2017 A Brazilian federal court suspended the $5.2B sale of state-controlled Petrbras' natural gas pipeline unit to a group of investors led by Canada's Brookfield Asset Management Inc.

Brazil's Petrobras Breaks Drought In LatAm Market
Monday, January 09, 2017 Petrobras opened the Latin American primary markets with the region's first cross-border bond sale of the year.

Brazil's Petrobras, Joint Venture Hand Back Piracuca Oil Concession
Tuesday, January 03, 2017 Petrobras and Repsol Sinopec are handing back exploration rights at the Piracuca field in Santos basin.

Brazil's Petrobras Finalizes Sale of Nansei Sekiyu for $165M
Thursday, December 29, 2016 Brazil's state-run oil company Petroleo Brasileiro closes the sale of its 100-percent stake in Nansei Sekiyu to Taiyo Oil Company.

Brazil's Petrobras hires KPMG As Auditor, Replacing Pwc
Wednesday, December 21, 2016 Petroleo Brasileiro SA has appointed KPMG as its new auditing firm for three years starting in 2017.

Petrobras Inks $2.2B Deal With Total To Sell Assets
Wednesday, December 21, 2016 Petroleo Brasileiro SA says it agreed with France's Total SA to sell $2.2 billion worth of assets.

Brazilian Court Upholds Injunction On Sale Of Petrobras Oilfields
Tuesday, December 20, 2016 A Brazilian federal court has rejected an appeal by Petroleo Brasileiro SA to allow the state-controlled oil company to proceed with the sale of two oilfields.

Petrobras Signs $5B Chinese Financing And Oil Supply Deal
Friday, December 16, 2016 Petrobras signs definitive terms for a $5 billion, 10-year financing agreement with China Development Bank Corp.

Statoil Acquires Petrobras' Operated Interest in BM-S-8 Offshore Brazil
Wednesday, November 23, 2016 Statoil acquires Petrobras' 66% operated interest in the BM-S-8 offshore license in Brazil's Santos basin.

Petrobras To Review Workers Profit-Sharing Pact
Tuesday, November 22, 2016 Petroleo Brasileiro SA is reviewing terms of a profit-sharing accord with workers, as rifts between the Brazilian state-controlled company and unions escalate.

Petrobras Says Injunction Suspends Sale Of Bauna And Tartaruga Verde Fields
Monday, November 21, 2016 Petroleo Brasileiro SA says an injunction in a civil lawsuit has forced the company to suspend the sale of stakes in the Bauna and Tartaruga Verde oil fields.

Petrobras Posts Surprising Loss Amid Massive Asset Impairments
Thursday, November 10, 2016 Petrobras posts an unexpected third-quarter net loss.

Paper: Brazil Could Pay Petrobras Up To $20B Over Rights
Friday, November 04, 2016 Petrobras could receive as much as $20 billion from the Brazilian government in compensation for a fall in oil prices since an oil-for-stock swap in 2010.