All publications by tag «PETROBRAS»
2016, August, 16, 18:35:00
PETROBRAS NET INCOME $106 MLN
Net income attributable to the shareholders of Petrobras of US$ 106 million, compared to net loss attributable to the shareholders of Petrobras of US$ 318 million in the 1Q-2016, as a result of:
- A decrease of 22% in net finance expenses;
- An 7% increase of crude oil and natural gas total production;
- Higher revenues with an increase of 14% in crude oil and oil products exports and lower costs related to natural gas imports; Expenses related to the new Voluntary Separation Incentive Plan (PIDV); and
Impairment losses related to Comperj assets.
2016, July, 29, 18:50:00
STATOIL BUY BRAZIL: $2.5 BLN
Statoil ASA (OSE:STL, NYSE:STO) and Petróleo Brasileiro S.A. - Petrobras (“Petrobras”) (BVMF: PETR4, NYSE:PBR) have agreed that Statoil will acquire Petrobras’ 66% operated interest of the BM-S-8 offshore licence in Brazil’s highly prolific Santos basin. The acquisition includes a substantial part of the Carcará oil discovery, one of the largest discoveries in the world in recent years.
2016, May, 19, 20:15:00
PETROBRAS SELLS $6.75 BLN
State-controlled Petróleo Brasileiro SA raised $6.75 billion on Tuesday from a sale of five- and 10-year dollar-denominated bonds, in a closely watched return to global debt markets after the suspension of Brazilian President Dilma Rousseff.
2016, May, 5, 18:25:00
PETROBRAS SELLS $1.4 BLN
Petrobras said that it sold a 67% stake in its Petrobras Argentina subsidiary to Pampa Energía, an Argentinean energy firm, for $892 million. Petrobras had previously disclosed that it was in negotiations with Pampa Energia.
2016, April, 5, 18:10:00
PETROBRAS CUTS 12,000 JOBS
Brazil’s troubled state-run oil company Petróleo Brasileiro SA on Friday announced a beefed up voluntary layoff program that could affect up to 12,000 jobs amid intense efforts to cut costs.
2015, December, 10, 19:25:00
PETROBRAS SALE $1.5 BLN
Petroleo Brasileiro SA, as Petrobras is formally known, is targeting $15.1 billion in disposals by the end of next year but has struggled to sell assets in less attractive prospects off Brazil and in the Gulf of Mexico.
2015, November, 5, 19:10:00
PETROBRAS STRIKE & SLASH 30%
Brazil’s largest oil workers union, known as FUP, joined several smaller striking unions on Sunday to protest Petrobras’ plans to sell up to $15.1 billion worth of assets and slash its 2016 budget down to $19 billion, a 30 percent reduction.
2015, October, 7, 19:15:00
PETROBRAS CUTS BUDGET $3 BLN
Petroleo Brasileiro SA (Petrobras) reported further cuts to its capital budget, reducing planned spending for 2015 by $3 billion to $25 billion and by $8 billion to $19 billion for 2016. The company cited low crude oil prices and unfavorable exchange rates.
2015, July, 1, 19:05:00
PETROBRAS 37% DOWN
Brazil’s Petrobras will cut its spending by 37 percent through the next four years in an effort to tame its enormous $110 billion debt.
2015, April, 14, 19:15:00
PETROBRAS: MORE CORRUPTION
A corruption investigation that has already engulfed Brazil’s state-run oil giant Petroleo Brasileiro SA has spread to the health ministry and state-owned bank Caixa Econômica Federal, authorities said Friday.