Brazil Federal Police Investigate Greek Ship in Connection with Oil Spill
Brazil's federal police on Friday announced a potential breakthrough in the investigation into the causes of a mysterious oil spill that has baffled authorities and Brazilians for about two months.Police said they were investigating a Greek-flagged ship allegedly responsible for the oil spill, which they claim may have occurred…
Petrobras Reports Higher Q2 Production
Brazilian state-run oil firm Petroleo Brasileiro SA posted a modest production boost in the second quarter, but failed to live up to market expectations, sending shares down over 2% in morning trade.In an early Friday securities filing, Petrobras, as the firm is known, said total second-quarter oil and gas production hit 2.633 million barrels per day of oil equivalent (boe)…
Bids for Petrobras' Shallow Water Fields Surpass $1 Bln
Brazilian state-run oil firm Petroleo Brasileiro SA said on Thursday it received final proposals for shallow water fields Polos Enchova and Pampo that surpass $1 billion in value, according to a securities filing.The transaction is still subject to internal approvals, the company said, adding the bids were received on June 5.(Reporting by Ana Mano Editing by Chizu Nomiyama)
Petrobras Prices $3 Bln in Bonds
Brazilian oil company Petroleo Brasileiro SA has priced global notes worth $3 billion due in 2029 and in 2049 as it seeks to repurchase shorter-term debt obligations, according to a securities filing late Tuesday.Petrobras, as the state-run company is known, priced additional notes from its 5.750 percent global notes program and…
Petrobras Receives Unfavorable Tax Ruling
Petroleo Brasileiro SA (Petrobras) has received an unfavorable ruling from a tax court in a 1.7 billion reais ($445.70 million) dispute involving corporate tax charged in 2012 on overseas companies it controlled, the Brazilian state-run oil company said in a securities filing on Wednesday.Petrobras said it will appeal the decision.($1 = 3.8142 reais)(Reporting by Ana Mano; editing by Jason Neely)
Petrobras Selling $803 Mln in Local Debt
Petroleo Brasileiro SA is selling up to three series of local unsecured bonds to raise 3 billion reais ($803 million), the Brazilian state-run oil firm said in a securities filing on Tuesday.The debt will mature in 7 to 10 years, depending on the series, according to a preliminary prospectus related to the offering.
Fire Erupts at Manguinhos Refinery
A fire broke out at the Manguinhos oil refinery in Rio de Janeiro on Monday, according to the local fire department, and television footage showed extensive plumes of smoke and fire spewing into the air.Firemen were called at 1:40 p.m. local time, the department said. About 90 minutes later the fire had subsided, but authorities continued to work to put it out completely…
Petrobras to Appeal Dutch Ruling Favorable to Vantage Drilling
Brazil's state-run oil company Petroleo Brasileiro SA said on Wednesday it will appeal an unfavorable Dutch court ruling related to the suspension of a drilling contract with U.S.-based Vantage Drilling Co.Petrobras said it was informed that a Dutch court had granted a request by the U.S.
Shell, Petrobras Units Probed for Brazil Price-Fixing
Brazil's three largest fuel distribution companies are under investigation for fixing prices at the pump, police said on Tuesday, reigniting debate over potential collusion among gas station owners in Latin America's largest oil producer.The firms targeted by the probe are Petrobras Distribuidora SA, a subsidiary of state oil company Petroleo Brasileiro SA…
Brazil Court Blocks $892.7 mln from SBM Related to Petrobras Contracts
A Brazilian federal court ruled that state-run oil company Petroleo Brasileiro SA can subtract $892.7 million it owes in future fees to Dutch group SBM to cover fines and damages it has been ordered to pay Petrobras for its role in a graft scheme, according to a written statement prosecutors released on Friday.Under a lawsuit filed against companies in the Dutch group, federal prosecutors calculated losses
Brazil's Deputy Mines and Energy Secretary to Resign
Brazil's deputy mines and energy minister Paulo Pedrosa has decided to step down from his post, a source familiar with the decision told Reuters on Friday. The move follows the resignation of his boss, Fernando Coelho Filho, one of a dozen cabinet ministers who are leaving the government to run in the October general election. Reporting by Rodrigo Viga and Luciano Costa Writing by Ana Mano
Petrobras Advances Sale of Shallow-Water Field Rights
State-run oil company Petroleo Brasileiro SA said it had initiated the binding phase of the process to sell exploration, development and production rights related to three shallow-water oil fields in Brazil. In a securities filing on Friday, the company said investors who qualified to bid in the initial phase of the process will…
Petrobras Offers Rights in Onshore, Offshore Fields
Brazil's state-run oil company Petroleo Brasileiro said on Tuesday it initiated the sale of 50 percent of production and exploration rights in offshore fields Tartaruga Verde and a section of Espadarte, without transfer of operations. Petrobras also said in a separate securities filing it had initiated the process to divest its 100 percent stake in the Baúna field located in the Santos basin.
Brazil Oil Production Slips in November
Brazil's oil output fell 1.21 percent in November from the previous month, regulator ANP said in a statement on Tuesday, after state-run oil company Petróleo Brasileiro SA carried out maintenance work at some production units. ANP said oil output was 2.595 million barrels of oil per day in November. Natural gas production was 113 million cubic meters per day, compared with 115 million in October.
Petrobras: O&G Auction Not in CapEx Plan
Brazil's state-run oil company Petroleo Brasileiro announced that it had not allocated money to bid in upcoming oil and gas auctions in its five-year capital spending plan, according to a presentation hosted by exploration and production director Solange Guedes. Petrobras nnounced a plan to invest $74.5 billion in the 2018-22 period with the lion's share…
Engie, Elecnor Win Licenses to Build Power Lines in Brazil
French energy group Engie SA and Celeo Redes, a firm controlled by Spain's Elecnor , won licenses on Friday to build and operate power transmission lines in Brazil for 30 years during a government-sponsored auction in Sao Paulo. The projects awarded to the two companies will demand investments of around 3 billion reais, Brazil's regulator Aneel said.
Petrobras Makes Debt Payment Ahead of Schedule
Brazil's state-run oil company Petroleo Brasileiro SA said in a securities filing on Monday it has re-paid debts totaling $1.28 billion ahead of schedule to banks JP Morgan, HSBC and Intesa Sanpaolo. Petrobras also said it refinanced $1.6 billion of outstanding debt obligations and issued $300 million of new debt to Banco Safra SA. Reporting by Ana Mano
Petrobras Kicks off Non-binding Stage of Oil Fields Sale
Brazilian state-controlled oil company Petróleo Brasileiro SA has sent additional information on several shallow water oil fields to interested parties as it kickstarts the non-binding stage of the asset-sale process, according to a securities filing on Wednesday. Petrobras, as the company is known, plans to sell the rights to exploration…
Brazil Oil Regulator Clears Four More Companies
Brazil's oil regulator ANP authorized four more companies to bid in auctions for exploration and production rights in the presalt region off the Brazilian coast this month, the regulator said on Tuesday. A local unit of U.S.-based Chevron Corp was cleared to bid in the second and third presalt rounds to be held on Oct. 27. Brazil's OP Energia qualified to bid in the second round.
Brazil Sees Possible Petrobras Privatization in Future
A privatization of state-controlled oil company Petróleo Brasileiro SA is feasible in the long run, Brazil's Mines and Energy Minister Fernando Coelho Filho said late on Monday, in a surprising remark amid rising controversy over state asset sales in Latin America's largest economy. Speaking on a late night interview show on São Paulo public television…
