Articles related to Petrobras -
The Secret Wealth Of The World's Richest Oil Billionaires
A policy of nationalizing chunks of an economy inevitably creates oligarchs who skim profits off the country's natural resources. As such, you won't be surprised to learn that the largest energy companies in the world are owned and operated by governments, and they include: Saudi Aramco, Russian Gazprom, China National Petroleum Corp. (CNPC), National Iranian Oil Co., Petroleos de Venezuela, Brazil's Petrobras and Malaysia's Petronas. How they're run varies wildly—as does w
Wednesday, April 5, 2017
Andy Hoffman - Miles Franklin
March 23rd-The End Of “Trump-Flation”
Like the Miles Franklin Blog itself, this week’s articles have focused as much on the quantity of “PM-bullish, everything-else-bearish” events, as the quality.  As frankly, even I have been overwhelmed lately – as the terminal stage of history’s largest, most destructive fiat Ponzi races through its cancerous terminal stage, en route to the spectacular, world-changing event it was destined to produce when it was launched on August 15th, 1971.  I.e. when America, and it’s “Demo-publican” Presiden
Thursday, March 23, 2017
24hGold - Publicnow
Karoon Confirms Negotiations with Petrobras
7 October 2016 ASX Announcement Karoon Confirms Negotiations with Petrobras On Asset Acquisitions In response to Petróleo Brasileiro SA's (Petrobras) announcement overnight titled "Sale of Baúna and Tartaruga Verde fields", Karoon Gas Australia Ltd (ASX: KAR) confirms it has been awarded the right to negotiate a final agreement with Petrobras and conduct confirmatory due diligence for the acquisition of the following oil projects: A 100% operator interest in concession BM‐S‐40, the Baú
Friday, October 7, 2016
24hGold - Publicnow
Approval of amendments in the Bylaws and creation of the Strategy, Organization and Management System Officer
Rio de Janeiro, August 4, 2016 - Petróleo Brasileiro S.A. - Petrobras announces that the Shareholders' Extraordinary General Meeting held today approved the changes in the bylaws, aimed at improving the Company's governance and management. Among the changes is the creation of the new Strategy, Organization and Management System Officer. With this, the Executive Board will have eight members. It is important to clarify that there will be no change in the overall amount of the executive officers
Friday, August 5, 2016
24hGold - Publicnow
Stay of the Class Action and the individual actions in New York
Rio de Janeiro, August 2nd, 2016 - Petróleo Brasileiro S.A. - Petrobras announces to the market that the Federal Court of Appeals of the Second Circuit issued a stay of the ongoing class action and the individual actions before the Federal Court of New York (District Court), while pending judgment of the Company's appeal of the decision of the class certification issued on February 2nd, 2016, as announced in the press release dated February 3rd, 2016. Therefore, the trial of the class action a
Tuesday, August 2, 2016
24hGold - Publicnow
We have completed the sale of Petrobras Argentina
27.Jul.2016 We have completed the sale of our entire 67.19 percent interest in Petrobras Argentina (PESA), owned via Petrobras Participaciones S.L. (PPSL), to Pampa Energía. The operation was completed with the payment of $897 million by Pampa, made on Wednesday (07/27), after all conditions precedent stipulated in the contract signed on 05/13/2016 were fulfilled. In addition, the transaction provides for contingent payments related to future events, such as concession renewals. It also inc
Tuesday, August 2, 2016
24hGold - Publicnow
Agreement to sell Petrobras Chile is signed
22.Jul.2016 We have signed on July 22 a sale and purchase agreement with the Southern Cross Group for 100% of Petrobras Chile Distribuición Ltda (PCD), held through Petrobras Caribe Ltda. PCD is Petrobras'fuel distribution company in Chile. It has 279 gas stations, 8 distribution terminals, operations at 11 airports, stakes in 2 logistics companies, and 1 lubricant plant. The Southern Cross Group is a private equity firm founded in 1998, with US$2.9 billion of assets under management, which
Monday, August 1, 2016
24hGold - Publicnow
OIL Statoil acquires operated interest in Brazilian offshore licence containing a substantial part of the Carcará pre-salt oil discovery
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. Carcará was discovered in 2012, on the geological trend of the nearby Lula field and Libra area. It is a wor
Friday, July 29, 2016
24hGold - Publicnow
Another system in Lula field is the eighth in the Santos Basin Pre-Salt
Rio de Janeiro, July 12, 2016 - Petróleo Brasileiro S.A. - Petrobras announces the start-up of the Lula Central production system with the interconnection of the first production well (8-LL-81D-RJS) to FPSO Cidade de Saquarema, on July 8, and the production stabilization at around 30,000 barrels per day (bpd) on July 11. Located in Lula field, Santos Basin, off the coast of Rio de Janeiro, this is the tenth large definitive production system operating in the pre-salt layer. The complete scope
Tuesday, July 12, 2016
24hGold - Publicnow
09/07/2012 - MEO Investor Update - US Roadshow July 2012
Friday, July 8, 2016
24hGold - Publicnow
Helix Finalizes Contract Negotiations With Petrobras
HOUSTON--(BUSINESS WIRE)--Jun. 2, 2016-- Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it has completed its contract renegotiations with Petróleo Brasileiro S.A. and has entered into amendments to its well intervention services contracts for its two chartered vessels, the Siem Helix 1 and the Siem Helix 2, offshore Brazil. The contract for the Siem Helix 1, originally scheduled to begin no later than July 22, 2016, was amended to commence between July 22, 2016 and October 2
Thursday, June 2, 2016
Eric Dubin - Investor Intelligentsia
Hocus Pocus! Currency, Bond Interest Rate Magic! – Welcome to Dystopia
TND Podcast Exclusive: Welcome To Dystopia #21 Jason Burack of Wall St for Main St and independent financial journalist and managing editor of The News Doctors Eric Dubin are back.  During this hour+ long full show, Jason asks Eric about the new correction in gold, silver and miners, and if perhaps Wall St money managers are buying the dips.  Jason talks about how gold and silver prices weren’t high enough yet to guarantee a lot of new mines being built. Eric talks about how the Federal Reserve
Tuesday, May 24, 2016
Mish - Global Economic Analysis
Brazil Impeaches President Rousseff; Where to for Brazil and its Currency
In a 367-137 vote with two absent and seven abstentions, Brazil’s lower house of Congress voted to impeach President Dilma Rousseff. 342 vote were needed. To reach that total, members of her own party had to abandon Ms. Rousseff. Rousseff and high level officials in her administration are accused of massive corruption and bribes involving state-owned oil company Petrobras. Corruption, no matter how blatant, is typically overlooked in good economic times. However, Rousseff presides over a Brazili
Tuesday, April 19, 2016
Egon von Greyerz - Matterhorn AM
What has happened to Black Gold | Maarten van Mourik
“The Current Oil Price: A Blessing & A Curse” Maarten van Mourik is one of the top oil analysts running his own consultancy since 2000. He discusses, inter alia, the ending of QE3 in the US and a strengthening dollar as part of the reason for the oil price demise and its effect on the mechanics in the energy space. Lasr Schall spoke with him a few weeks ago when crude hovered just above 35 bucks. Video podcast: 16 mins Transcript Lars S
Monday, March 28, 2016
Michael Pento - Delta Global Advisors
May the Phillips Curve Rest in Peace
In 1958, economist William Phillips claimed there was a historical inverse relationship between the rate of unemployment and the corresponding rate of inflation. His conclusion was that full employment (whatever that means) was inflationary. He illustrated his claim through a chart referred to as the Phillips Curve. The 1970's stagflation outbreak in the U.S, which featured high unemployment coupled with inflation, dispelled Phillip's broad correlation between those two conditions. T
Monday, March 21, 2016
Mish - Global Economic Analysis
Inflation Comeback: Did Inflation Ever Go Away
This is a guest post by Joseph Y. Calhoun at Alhambra Investment Partners. His post starts off with this quote by Stanley Fischer, Fed Vice-Chair in a speech before the National Association for Business Economics. Says Fischer “We may well at present be seeing the first stirrings of an increase in the inflation rate — something that we would like to happen.” I dispense blockquotes using a guest post format. Is Inflation About To Make A Comeback? by Joseph Y. Calhoun Anyone renting an apartment
Monday, March 14, 2016
24hGold - Publicnow
Extension of the Term of Office of the Chairman of the Board of Directors of Petrobras Distribuidora and Election of a New Interim CEO for that Subsidiary
Rio de Janeiro, January 26, 2016 - Petróleo Brasileiro S.A. - Petrobras hereby announces that the Board of Directors of its subsidiary Petrobras Distribuidora S.A. - BR approved the extension of the term of office of board member Segen Farid Estefen as Chairman of the Board of Directors of that subsidiary until the next Annual Shareholders' Meeting. Additionally, it was approved the appointment of BR's Chief Operational and Logistics Officer, Ivan de Sá Pereira Junior, as the Interim CEO of th
Tuesday, January 26, 2016
24hGold - Yahoo
The Brazil ETF Is Still The Bearer Of Bad News
Thirteen exchange-traded funds hit new 52-week lows Monday, a fate narrowly avoided by the iShares MSCI Brazil Index (ETF) (NYSE: EWZ). However, the largest ETF tracking Latin America's largest economy did slide 2.5 percent to a closing print less than 2 percent of the fund's recently hit 52-week low. Over the past month, EWZ is off 18.8 percent, making it one of the worst performing single-country emerging markets ETFs during that time. EWZ has lagged the MSCI Emerging Markets Index by nearly 7
Tuesday, January 26, 2016
24hGold - Reuters
Pampa Energia debt shelf sparks MA talk
NEW YORK, Jan 26 (IFR) - Pampa Energia's shareholders have approved a US$500m debt program, raising speculation that the Argentine utility is accumulating a war chest for an acquisition of Petrobras assets. Pampa CEO Marcelo Mindlin has expressed an interest in buying the Brazilian oil company's Argentine assets. And local press reported the company had been analyzing an offer for a stake of slightly more than 60% for US$1bn-US$1.3bn. "They were biddin
Tuesday, January 26, 2016
24hGold - Yahoo
OIL Oil Gas Drilling Exploration Industry Stocks Technical Review -- Petroleo Brasileiro S.A. - Petrobras, Whiting Petroleum, Transocean, and SeaDrill
NEW YORK, NY / ACCESSWIRE / January 26, 2016 / Park Lane Advisor has initiated coverage on the following equities: Petroleo Brasileiro S.A. - Petrobras (PBR), Whiting Petroleum Corporation (WLL), Transocean Ltd (RIG), and SeaDrill Ltd (SDRL). Free research report on Petroleo Brasileiro S.A. - Petrobras can be accessed at On Monday, December 25, 2016, the NASDAQ Composite ended at 4,518.49, down 1.58%, the Dow Jones Industrial Average declined 1.29%, to finish the
Tuesday, January 26, 2016