Petrobras informs that its CEO Roberto Castello Branco appointed Ms. Andrea Marques de Almeida as Chief Financial and Investor Relations Officer of the company and Mr. Rafael Salvador Grisolia as CEO of Petrobras Distribuidora (BR).
Petrobras reports that it has been notified by the National Agency of Petroleum, Natural Gas and Biofuels (ANP) on the approval of its proposal for a Production Individualization Agreement (AIP) of Lula's joint reservoir located in the Santos Basin.
Petrobras informs that on 03/15/2019 it prepaid Export Credit Notes with Banco do Brasil, in the amount of R$ 7.0 billion, with maturity in 2022.
Petrobras (“Petrobras”) (NYSE: PBR) announces the pricing of (i) additional notes of its 5.750% Global Notes due 2029 (CUSIP No. 71647N AZ2/ ISIN No. US71647NAZ24) (the “2029 Notes”) and (ii) new notes denominated in U.S. Dollars (the “New Notes” and, together with the 2029 Notes, the “Notes”) to be issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”). The Notes will be unsecured obligations of PGF and will be fully and unconditionally guaranteed by Petrobras. The additional 2029 Notes will be consolidated, form a single series, and be fully fungible with, PGF’s outstanding U.S.$1,900,000,000 aggregate principal amount of 5.750% Global Notes due 2029 issued on February 1, 2018. Closing is expected to occur on March 19, 2019.
Petrobras, following up on the Material Fact dated 07/28/2017 and Notice to the Market dated 10/4/2017, announces the beginning of the binding phase of the competitive process for the assignment of all exploration, development and production rights of Polo Grande do Norte, located in the state of Rio Grande do Norte.
Petrobras, following up on the Press Releases of 07/03/2018, 08/29/2018 and 02/7/2019, hereby informs that today the United States District Court for the Southern District of Texas heard oral argument on Petrobras’s motion to vacate the arbitral Award rendered against the Company and other companies of the Petrobras System as well as the petition to confirm the Award filed by Vantage Deepwater Company and Vantage Deepwater Drilling Inc. (“Vantage”), but will issue its decision in the future.
Petrobras reports that its Executive Board approved a Resilience Plan (Plan) meant to contribute to the maximization of value for shareholders and for Brazil.
Petrobras, following up on the release of 06/27/2018, informs that it completed today, through its subsidiary Petrobras International Braspetro B.V. (PIB BV), the sale of 100% of its equity interest in the companies Petrobras Paraguay Distribución Limited (PPDL UK), Petrobras Paraguay Operaciones y Logística SRL (PPOL) and Petrobras Paraguay Gas SRL (PPG) to the Copetrol Group, through its subsidiary Paraguay Energy.
Petrobras informs that the rating agency Fitch raised its stand-alone credit profile (SCP) by two notches to "BB+" from " BB-" and affirmed the long-term foreign and local currency Issuer Default Ratings (IDRs) at “BB-“, with a stable outlook.
Petrobras informs that today it signed an agreement with BW Offshore ("BWO") to sell its full stake in the Maromba field. Discovered in June 2003, the field is located in shallow waters south of the Campos Basin, about 100 km off the coast of the state of Rio de Janeiro. Petrobras is the operator with a 70% stake and the transaction includes the transfer of the operatorship.