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Brazil commission to negotiate transfer of rights with Petrobras

RIO DE JANEIRO, Jan 17 (Reuters) - The Brazilian government on Wednesday created a commission to negotiate the terms of a so-called "transfer of rights" program with state-controlled oil company Petroleo Brasileiro SA (Petrobras).

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Petrobras says no injuries after fire contained on platform in Lula Field

RIO DE JANEIRO, Jan 16 (Reuters) - Brazil's state-controlled oil company Petróleo Brasileiro said on Tuesday a fire at a platform in the Santos Basin was contained and did not cause injuries or environmental damage.

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Shareholders in Brazil demand Petrobras match $3 billion U.S. settlement

RIO DE JANEIRO (Reuters) - Brazilian shareholders of state-controlled Petroleo Brasileiro SA are petitioning a Brazilian court to be paid on similar terms as those given to U.S. shareholders in a $2.95 billion settlement, a lawyer told Reuters on Thursday.

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UPDATE 5-Petrobras to pay $2.95 bln to settle U.S. corruption lawsuit

NEW YORK, Jan 3 (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro SA on Wednesday agreed to pay $2.95 billion to settle a U.S. class action corruption lawsuit, in what was said to be the biggest such payout in the United States by a foreign entity.

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Petrobras to pay $2.95 billion to settle U.S. corruption lawsuit

NEW YORK (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro SA on Wednesday agreed to pay $2.95 billion to settle a U.S. class action corruption lawsuit, in what was said to be the biggest such payout in the United States by a foreign entity.

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UPDATE 4-Petrobras to pay $2.95 bln to settle U.S. corruption lawsuit

NEW YORK, Jan 3 (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro SA on Wednesday agreed to pay $2.95 billion to settle a U.S. class action corruption lawsuit, in what was said to be the biggest such payout in the United States by a foreign entity.

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UPDATE 3-Brazil's Petrobras settles U.S. corruption class action for $2.95 bln

NEW YORK, Jan 3 (Reuters) - Brazil state-controlled oil company Petroleo Brasileiro SA said on Wednesday it had agreed to pay $2.95 billion to settle a U.S. class action brought by investors who claim they lost money as a result of a graft scandal.

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Brazil's Petrobras settles U.S. corruption class action for $2.95 billion

NEW YORK (Reuters) - Petroleo Brasileiro SA , Brazil's state-controlled oil company, said on Wednesday it has agreed to pay $2.95 billion to settle a U.S. class action brought by investors who claim they lost money as a result of a corruption scandal.

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UPDATE 1-Petrobras to pay $2.95 bln to settle U.S. class action over corruption

NEW YORK, Jan 3 (Reuters) - Brazil's state-controlled oil company, Petroleo Brasileiro SA, said on Wednesday that it has agreed to pay $2.95 billion to settle a U.S. class action brought by investors who claim they lost money as a result of a corruption scandal.

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Petrobras to pay $2.95 billion to settle U.S. class action over corruption

NEW YORK (Reuters) - Brazil's state-controlled oil company, Petroleo Brasileiro SA , said Wednesday that it has agreed to pay $2.95 billion to settle a U.S. class action brought by investors seeking to recoup money they claim to have lost as a result of a corruption scandal.

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Petrobras to pay $2.95 bln to settle U.S. class action over corruption

NEW YORK, Jan 3 (Reuters) - Brazil's state-controlled oil company, Petroleo Brasileiro SA, said Wednesday that it has agreed to pay $2.95 billion to settle a U.S. class action brought by investors seeking to recoup money they claim to have lost as a result of a corruption scandal.

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Brazil oil production slips 1.21 pct in November - ANP

SAO PAULO, Jan 2 (Reuters) - 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.

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Brazilian regulator accuses Petrobras ex-executives of graft

SAO PAULO (Reuters) - Brazil's securities regulator formally accused eight former executives of state-run oil company Petroleo Brasileiro SA of corruption on Friday, as the world's largest graft investigation stretches deep into its third year.

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Brazil imports of refined products to hit at least 17-year high in 2017

RIO DE JANEIRO, Dec 29 (Reuters) - Brazil will import more refined oil products this year than any other since records began in 2000, as state-controlled oil giant Petroleo Brasileiro loses market share to private firms.

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Brazil's Petrobras says oil, gas auction bids not included in capex plan

SAO PAULO, Dec 22 (Reuters) - Brazil's state-run oil company Petroleo Brasileiro said on Friday 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.

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UPDATE 2-Petrobras to keep 2018-2022 investment in line with prior plan

RIO DE JANEIRO, Dec 21 (Reuters) - Brazil's state-run oil company Petróleo Brasileiro SA said on Thursday it would nudge up investment in the 2018-2022 period to $74.5 billion from a prior $74.1 billion forecast for 2017-2021 as it seeks to boost output and shore up its finances.

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Petrobras enters binding phase for sale of two fertilizer units

RIO DE JANEIRO, Dec 19 (Reuters) - Brazil's state-run oil company Petroleo Brasileiro said on Tuesday it has begun the binding phase for the sale of two fertilizer units, Araucaria Nitrogenados SA and Unidade de Fertilizantes Nitrogenados III.

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UPDATE 1-Brazil's Petrobras to announce revised capex plan next week -CEO

SAO PAULO, Dec 15 (Reuters) - Brazil's state-run oil company Petróleo Brasileiro SA will announce a revision to its investment plan next week, Chief Executive Officer Pedro Parente said on Friday.

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Brazil's Petrobras to announce partnership for Campos Basin- CEO

SAO PAULO, Dec 14 (Reuters) - Brazilian state-controlled oil company Petróleo Brasileiro SA will announce soon a partnership to allow Campos Basin, which first produced oil 40 years ago, to continue producing for a long time, Petrobras Chief Executive Officer Pedro Parente said.

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Brazil's Petrobras receives $3 billion in China Development Bank loan

SAO PAULO, Dec 14 (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro SA on Thursday received $3 billion under a $5 billion loan from China Development Bank, the company said in a securities filing.

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First Libra pre-salt oil shipment likely in early January -Petrobras

RIO DE JANEIRO, Dec 1 (Reuters) - Petróleo Brasileiro SA is likely to begin shipping oil from the Libra pre-salt area early in January, an executive at the Brazilian state-controlled oil company said on Friday.

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Brazil's Petrobras starts production in pre-salt Libra block

BRASILIA, Nov 27 (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro SA (Petrobras) and its partners began production in the pre-salt Libra block of the Santos basin on Sunday, a securities exchange filing showed.

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Brazil's Petrobras sells stake in Azulão field for $54.5 mln

SAO PAULO, Nov 22 (Reuters) - Brazil's state-run oil company Petróleo Brasileiro SA sold its entire stake in the Campo de Azulão oil field, located in the state of Amazonas, to a unit of energy company Eneva SA, the company said in a statement on Wednesday.

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Brazil regulator extends review period of Petrobras sale of Liquigás

SAO PAULO, Nov 22 (Reuters) - Brazil's state-run oil company Petróleo Brasileiro SA said on Wednesday that antitrust authority Cade extended by 90 days a deadline to analyze its proposed sale of liquefied natural gas unit Liquigás Distribuidora SA. Petrobras, as the company is known, now expects Cade to be done reviewing the deal by March 5, the company said in a securities filing. The board of Petrobras agreed to sell Liquigás to Ultrapar Participações SA subsidiary Cia Ultragaz SA a year ago f

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Petrobras files distribution unit IPO documents with regulator

SAO PAULO, Nov 22 (Reuters) - Brazilian state-run oil company Petroleo Brasileiro SA has filed documents related to an initial public offering of its fuel distribution unit BR Distribuidora SA, it said in a filing on Wednesday.

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Brazil's Petrobras to discuss governance standards at December meeting

SAO PAULO, Nov 14 (Reuters) - Brazilian state-run oil company Petroleo Brasileiro SA will hold a shareholders' meeting on Dec. 15 to discuss the measures it will take while migrating to the Level 2 segment of the Sao Paulo stock exchange, it said in a statement on Tuesday.

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Petrobras, Banco do Brasil ace state firms governance index -minister

BRASILIA, Nov 10 (Reuters) - Brazilian state-run oil company Petróleo Brasileiro SA and lender Banco do Brasil SA scored 10 out of 10 on a new corporate governance index for state-owned companies developed by the Brazilian government, a minister said on Friday.

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Petrobras says to migrate to Level 2 stock exchange standards this year

RIO DE JANEIRO, Oct 26 (Reuters) - Brazilian state-run oil company Petroleo Brasileiro SA expects to finish migrating to the Level 2 segment of the Sao Paulo Stock Exchange this year, investor relations director Isabela Carneiro da Rocha said on Thursday.

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Petrobras applies to swap environmental fines for services

SAO PAULO (Reuters) - Brazil's Petróleo Brasileiro SA has applied to federal environmental agency Ibama to provide environmental protection services in exchange for wiping out all its fines for environmental offenses, the state-controlled oil company said late on Saturday.

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Petrobras says pension funds not party to $6.4 bln arbitration case

SAO PAULO, Oct 4 (Reuters) - Petroleo Brasileiro SA said Brazilian pension funds are not a party to arbitration proceedings levied against the state-controlled oil company in relation to a bribery and graft scheme that might have caused hefty losses to investors.

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Petrobras starts binding stage on proposed sale of Maromba field

SAO PAULO, Oct 3 (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro SA on Tuesday said it had started the binding stage for a proposed stake sale in the Maromba field, located in the Campos basin, according to a securities filing.

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Petrobras, Exxon win two Brazil blocks with $1.08 bln bids

RIO DE JANEIRO, Sept 27 (Reuters) - A consortium formed by Petróleo Brasileiro SA and Exxon Mobil Corp won two blocks in Brazil's Campos basin at an oil auction on Wednesday with bids totaling 3.44 billion reais ($1.08 billion), oil regulator ANP said.

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UPDATE 2-Brazil's Temer says government not considering privatizing Petrobras

NEW YORK, Sept 20 (Reuters) - Brazil's President Michel Temer said on Wednesday state-run oil company Petroleo Brasileiro, a symbol of national sovereignty, would stay in public hands even as his government makes an aggressive privatization push.

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Brazil's Temer says government not considering privatizing Petrobras

NEW YORK, Sept 20 (Reuters) - Brazil's President Michel Temer said on Wednesday that despite his government's aggressive moves to privatize state companies, national oil company Petroleo Brasileiro, a symbol of national sovereignty, would remain under government control.

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UPDATE 1-Petrobras resolves fuel unit debt issue, sees IPO in December

CAMPOS DO JORDÃO, Brazil, Aug 25 (Reuters) - Petróleo Brasileiro SA will aim to launch the initial public offering of fuel distribution unit BR Distribuidora SA by early December after having fixed a hefty debt issue that afflicted the subsidiary for years, Chairman Nelson Carvalho said on Friday.

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Petrobras chairman sees fuel unit IPO by early December

CAMPOS DO JORDÃO, Brazil, Aug 25 (Reuters) - Petróleo Brasileiro SA expects to launch the initial public offering of fuel distribution unit BR Distribuidora SA by early December, Chairman Nelson Carvalho said on Friday.

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Petrobras to make $2 bln capital injection into fuel distribution arm

SAO PAULO, Aug 25 (Reuters) - Brazil's state-run power company Petroleo Brasileiro said on Friday it will make a 6.3 billion real ($2 billion) capital injection into its wholly-owned fuel distribution arm Petrobras Distribuidora SA.

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Brazil police launch new phase of 'Car Wash' corruption probe

RIO DE JANEIRO (Reuters) - Brazil's federal police said on Wednesday they launched a new phase of the "Car Wash" corruption probe, targeting individuals who allegedly favored a private contractor to win business from state-run oil company Petroleo Brasileiro SA.

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UPDATE 1-Ex-Petrobras CEO Bendine charged with corruption in Brazil

RIO DE JANEIRO, Aug 22 (Reuters) - Brazilian prosecutors on Tuesday charged Aldemir Bendine, the former chief executive of state-controlled oil firm Petroleo Brasileiro SA, with corruption, alleging he used his position to take bribes from construction firm Odebrecht.

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Exclusive: Citigroup tops eight-bank group for Petrobras unit IPO - source

SAO PAULO (Reuters) - Citigroup Inc and seven other banks will underwrite the initial public offering of Petróleo Brasileiro SA's fuel distribution unit, which will likely occur in November, a person with direct knowledge of the plan said on Thursday.

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EMERGING MARKETS-Brazil stocks up on Petrobras boost

By Bruno Federowski SAO PAULO, Aug 18 (Reuters) - Brazilian stocks on Friday rose near six-month highs after the government renewed tax breaks on the oil industry, boosting shares of state-controlled Petróleo Brasileiro SA. According to a statement published on the official gazette, Brazil will extend the so-called Repetro tax regime, which sets lower taxes for exports and imports of goods related to oil production and research in the sector. Analysts at XP Investimentos brokerag

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Brazilian police extend Car Wash graft probe

RIO DE JANEIRO (Reuters) - Brazilian police on Friday announced two new phases of their Car Wash anti-corruption probe into alleged graft, misappropriation of public funds and money laundering through the hiring of large companies by Petroleo Brasileiro.

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Petrobras expects $17 bln investment, $8 bln divestitures this year

RIO DE JANEIRO, Aug 11 (Reuters) - Brazil's state-controlled Petróleo Brasileiro SA has targeted spending $17 billion in investments and selling $8 billion worth of assets this year, a presentation by the oil company published on Friday said.

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UPDATE 1-Petrobras misses estimates on higher taxes; EBITDA slumps

RIO DE JANEIRO/SAO PAULO, Aug 10 (Reuters) - Petróleo Brasileiro SA missed second-quarter profit estimates by a large margin after joining a tax refinancing program, putting the brakes on efforts by Brazil's state-controlled oil producer to cut the largest debt burden among major global oil firms.

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RPT-Petrobras prepays $333 mln in 2018 debt, borrows $650 mln due in 2022

SAO PAULO, Aug 3 (Reuters) - Brazil's Petroleo Brasileiro SA prepaid a $333 million debt to Bank of Tokyo-Mitsubishi due in 2018 and borrowed $500 million from the Japanese bank due in 2022, the state-controlled oil company said in a securities filing on Thursday.

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Petrobras prepays $333 mln in 2018 debt, borrows $650 mln due in 2022

SAO PAULO, Aug 3 (Reuters) - Brazil's Petroleo Brasileiro SA prepaid a $333 million debt to Bank of Tokyo-Mitsubishi due in 2018 and borrowed $500 million from the Japanese bank due in 2022, the state-controlled oil company said in a securities filing on Thursday.

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EMERGING MARKETS-Mexican stocks hit record high, Brazil stocks lifted by commodities

(Adds details from Mexico on bourse record high) By Sheky Espejo and Bruno Federowski MEXICO CITY/SAO PAULO, July 25 (Reuters) - Mexico's stock market hit a fresh record high on Tuesday, boosted by expectations of good earnings, while Brazil's stocks hit a one-month high as commodity price gains lifted shares of local blue-chips Vale SA and Petróleo Brasileiro SA. Mexico's S&P/BMV IPC stock index rose for the third straight session, inching up by 0.09 percent from Monday, as data sh

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EMERGING MARKETS-Brazil stocks fall, dragged down by Petrobras

By Bruno Federowski SAO PAULO, July 21 (Reuters) - Brazilian stocks dropped on Friday as falling prices of crude oil and an increase in fuel taxes weighed on shares of state-controlled oil company Petróleo Brasileiro SA. Preferred shares in Petrobras, as the company is known, slipped 2.3 percent, subtracting the most points from Brazil's benchmark Bovespa stock index. The shares moved after the government raised the federal PIS/Cofins social contribution tax on gasoline, diesel i

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Brazil's Petrobras and Odebrecht in talks to revise Braskem shareholder accord -filing

SAO PAULO, July 18 (Reuters) - Brazil's Petroleo Brasileiro SA began discussions with construction company Odebrecht SA to revise the shareholder accord in petrochemical company Braskem SA, the oil company said on Tuesday.

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Brazil approves long-term tests at Petrobras Libra platform

SAO PAULO, July 18 (Reuters) - Brazil's environmental agency Ibama has issued an operating license for long-term tests at the Pioneiro de Libra floating platform operated by Petroleo Brasileiro SA, according to a statement on the agency's website on Tuesday.

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Brazil's Petrobras board approves IPO for fuel distribution unit

RIO DE JANEIRO, July 11 (Reuters) - Brazil state oil company Petróleo Brasileiro SA said on Tuesday its board has approved an initial public offering of shares for its fuel distribution unit Petrobras Distribuidora on the Sao Paulo stock exchange.

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Brazil clears Petrobras, advisors of wrongdoing in 2010 share offer

RIO DE JANEIRO (Reuters) - Brazil's securities industry watchdog on Tuesday cleared Petroleo Brasileiro SA , former management and financial advisors of wrongdoing over alleged irregularities relating to the state-controlled oil company's $70 billion share offering in September 2010.

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Petrobras corruption class actions need changes -U.S. appeals court

July 7 (Reuters) - A U.S. judge must redefine which groups of investors can sue Brazilian state-controlled oil firm Petroleo Brasileiro SA in their bid to recoup billions of dollars of alleged losses tied to its corruption scandal, a U.S. appeals court said on Friday.

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Petrobras to sell stake at Maromba oil field, in Campos basin

SAO PAULO, July 6 (Reuters) - Brazil's oil company Petróleo Brasileiro SA disclosed on Thursday initial terms for a plan to sell its 70-percent stake in the Maromba oil field, at Campos basin, according to a securities filing.

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Brazil's Petrobras halts output at P-62 platform after accident

SAO PAULO, July 5 (Reuters) - Petróleo Brasileiro SA halted production at its P-62 platform in the Campos basin due to an accident that left three people injured, the state-controlled oil company said on Wednesday.

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Pfizer receives token payment to exit Brazil venture, sources say

SAO PAULO (Reuters) - Pfizer Inc has agreed to exit Laboratório Teuto Brasileiro SA for a token amount after failing to find a buyer for the 40 percent stake it held in the Brazilian generic drugmaking joint venture, two people with knowledge of the matter said on Tuesday.

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UPDATE 1-Brazil's Petrobras to review diesel, gasoline prices more frequently

RIO DE JANEIRO, June 30 (Reuters) - Brazilian state-controlled oil company Petróleo Brasileiro SA said on Friday it would review fuel prices more frequently as it seeks to regain market share it lost by keeping wholesale prices to retailers above global benchmarks.

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EMERGING MARKETS-Brazil stocks up as oil lifts Petrobras; political woes linger

SAO PAULO, June 30 (Reuters) - Brazilian stocks rose on Friday as shares of state-controlled oil company Petróleo Brasileiro SA followed crude prices higher, though caution due to the country's political crisis lingered. Crude futures rose for the seventh straight session, in their longest bull run since April. Shares of Petrobras rose 1.8 percent, lifting the Bovespa stock index 1 percent. Shares of sewage and water utility Cia de Saneamento Básico do Estado de São Paulo SA advanced

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Petrobras operations normal despite Brazil strike, executives say

RIO DE JANEIRO, June 30 (Reuters) - Exploration and production, refining and logistics activities at Brazilian state-controlled oil company Petróleo Brasileiro are normal on Friday amid a nationwide strike, executives said.

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Brazil's Petrobras cuts gasoline and diesel prices

SAO PAULO, June 14 (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro SA reduced on Wednesday its average prices at refineries by 2.3 percent for gasoline and 5.8 percent for diesel, the company said in a securities filing.

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Petrobras denies Brazil govt meddling in LPG pricing move

RIO DE JANEIRO, June 7 (Reuters) - The Brazilian government is not meddling in pricing decisions by state-controlled oil producer Petróleo Brasileiro SA, which on Wednesday kept cooking gas out of a pricing system based on international parity.

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UPDATE 1-Brazil's Eletrobras asks oil regulator to mediate conflict with Petrobras

SAO PAULO, June 1 (Reuters) - Brazil's state-owned power utility Centrais Elétricas Brasileiras SA has asked the country's oil industry watchdog ANP to mediate a conflict with Petróleo Brasileiro SA, the regulator said on Thursday.

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Brazil's Petrobras says political turmoil unlikely to affect asset sales

RIO DE JANEIRO, June 1 (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro SA does not expect political turmoil caused by a massive corruption investigation to affect its asset sales and debt reduction program, Chief Executive Officer Pedro Parente said Thursday.

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UPDATE 1-Brazil court orders Petrobras to supply natural gas to Eletrobras

SAO PAULO, May 30 (Reuters) - A Brazilian court ordered state-controlled oil firm Petróleo Brasileiro SA to sell natural gas to Centrais Elétricas Brasileiras SA despite the power utility's billionaire debt with the oil company.

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Brazil's Petrobras extends maturity of $500 mln debt with Citibank

BRASILIA, May 23 (Reuters) - Brazil's state-controlled oil company Petróleo Brasileiro SA extended the maturity of a $500 million debt with Citibank NA as part of a strategy to cut financial expenses, the company said in a statement on Tuesday.

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UPDATE 1-Brazil's Petrobras says April output steady at 2.72 mln barrels/day

SAO PAULO, May 17 (Reuters) - Brazilian state-controlled oil company Petroleo Brasileiro SA said its oil and natural gas output held steady in April at 2.72 million barrels of oil equivalent per day, according to a securities filing on Wednesday.

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Brazil's Petrobras says April output 2.72 mln barrels/day

SAO PAULO, May 17 (Reuters) - Brazilian state-controlled oil company Petroleo Brasileiro SA said its oil and natural gas output in April was 2.72 million barrels of oil equivalent per day, according to a securities filing on Wednesday.

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Brazil's Petrobras wins $1.8 bln tax ruling from 2009

SAO PAULO, May 12 (Reuters) - Brazilian state-controlled oil company Petroleo Brasileiro SA said tax court CARF has made a final ruling in favor of the company in a case regarding a deduction of 5.8 billion reais ($1.8 billion) related to 2009 drilling expenses.

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EMERGING MARKETS-Brazilian stocks up, Mexico says NAFTA talks set for Aug.

(Updates prices, adds JBS development, NAFTA talks) By Bruno Federowski SAO PAULO, May 12 (Reuters) - Brazilian stocks rose on Friday for the fourth straight day as Petroleo Brasileiro SA shares hit an 11-week high after the state-controlled oil company reported its strongest operating profit ever. Preferred shares of Petrobras, as the company is known, jumped as much as 5.1 percent after earnings before interest, tax, depreciation and amortization rose 19 percent to 25.254 billion

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UPDATE 2-Petrobras sees room for more efficient payroll, capex

RIO DE JANEIRO, May 12 (Reuters) - Petroleo Brasileiro SA has room to improve the efficiency of its investments and payroll spending, executives said on Friday, underscoring that a record first-quarter operating profit was just an early sign of what their turnaround plan can accomplish.

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Petrobras expects asset sales to bring $8 bln in cash this year

SAO PAULO, May 12 (Reuters) - Petroleo Brasileiro SA expects to generate $8 billion of liquidity from asset sales this year, the state-controlled Brazilian oil firm told investors in a presentation on Friday.

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UPDATE 1-Petrobras eyes adding Texas, African assets to asset sale plan

SAO PAULO, May 10 (Reuters) - Petróleo Brasileiro SA proposed including a Texas refinery and a stake in an African oil exploration venture into a list of assets that Brazil's state-controlled oil company has put up for sale by the end of next year.

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Petrobras, partners in Libra see break-even price at $35 per barrel

SAO PAULO, May 2 (Reuters) - State-controlled Petróleo Brasileiro and partners in Brazil's massive offshore prospect Libra are taking a series of steps to improve efficiency that could help them target a break-even price for oil of $35 a barrel.

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Petrobras to focus on oil E&P, alternative energy for next five years

HOUSTON, May 2 (Reuters) - Petróleo Brasileiro SA will focus on oil and gas exploration and production while seeking opportunities in alternative sources of energy over the next five years, as Brazil's state-controlled oil firm moves toward more profitable core segments, Chief Executive Officer Pedro Parente said on Tuesday.

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Petrobras says Brazil strike had no significant impact on output

BRASILIA, April 28 (Reuters) - Brazil's state-controlled oil company Petróleo Brasileiro SA said on Friday that a nationwide general strike had no significant impact on its oil output.

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Brazil court suspends sale of Petrobras stake in oilfield to Statoil

SAO PAULO, April 17 (Reuters) - A Brazilian court has ordered state-controlled oil company Petróleo Brasileiro SA to suspend the sale of its stake in an exploratory block to Norway's Statoil ASA.

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Petrobras produced 2.74 mln barrels of oil equivalent/day in March

BRASILIA, April 13 (Reuters) - Brazilians state-run oil company Petroleo Brasileiro SA said on Thursday it produced 2.74 million barrels of oil equivalent per day in March.

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Petrobras says eased Brazil content rules could boost revenue

SAO PAULO, April 12 (Reuters) - Changes to water down strict local content rules on equipment to extract deep sea oil could help Brazil's government earn 31 billion reais ($9.9 billion) worth of royalties and other revenue sources between 2020 and 2025, state-controlled oil company Petróleo Brasileiro SA said on Wednesday.

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UPDATE 1-Petrobras eyes five major assets in new divestment program

SAO PAULO, March 31 (Reuters) - Brazil's state-run oil company Petróleo Brasileiro SA is eyeing five major assets for a renewed divestment program to be formalized in the next two weeks, after a court forced it to restart most of its $21 billion asset sale program from scratch.

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Brazil court rules in favour of Petrobras in tax deduction case

SAO PAULO, March 24 (Reuters) - A Brazilian tax court ruled that state-controlled oil company Petróleo Brasileiro SA did not break the law by deducting expenses related to the development of oil and gas field from its 2009 income taxes.

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UPDATE 1-Petrobras raises asset sale goal to $21 bln for 2017-2018 period

SAO PAULO, March 22 (Reuters) - Petróleo Brasileiro SA on Wednesday raised a goal for asset divestitures and partnerships for 2017 and 2018 to $21 billion from $19.5 billion, a sign Brazil's state-controlled oil company plans to expand ventures with peers in segments from refining to oil exploration. In a presentation detailing fourth-quarter results, Petrobras Chief Financial Officer Ivan Monteiro said a recent ruling by Brazil's auditing court TCU regarding the plan will speed up its execu

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Brazil's Petrobras to raise liquified gas prices by 9.8 pct

SAO PAULO, March 17 (Reuters) - Brazil's state-run oil company Petroleo Brasileiro SA, or Petrobras, on Friday said it will raise prices for liquified petroleum gas (LPG) by 9.8 percent in the Brazilian market. (Reporting by Marcelo Teixeira; editing by Diane Craft)

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UPDATE 3-Brazil audit court clears Petrobras to restart asset sales

BRASILIA, March 15 (Reuters) - Brazil's federal audit court TCU on Wednesday allowed state-run oil company Petroleo Brasileiro SA to proceed with its divestment program, but required the company to restart the process except for two projects.

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BRIEF-Brookfield - notes announcement made by Petrobras of favorable court decision

* Notes announcement made by Petróleo Brasileiro S.A. Of favorable court decision

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Brazil's watchdog asks Petrobras to restate financial reports from 2013-2015

SAO PAULO, March 8 (Reuters) - Brazil's stock market regulator CVM has asked state controlled oil company Petroleo Brasileiro SA to restate its annual financial statements for 2013, 2014 and 2015 to include the impact of currency rate hedges.

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Petrobras settles four more lawsuits with investors in the U.S

SAO PAULO (Reuters) - Brazil's state-run oil company Petróleo Brasileiro SA, or Petrobras, said on Friday its board has approved settlements with investors in four more lawsuits in a U.S. federal court in New York.

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Petrobras settles four more lawsuits with investors in the U.S.

SAO PAULO, Feb 24 (Reuters) - Brazil's state-run oil company Petróleo Brasileiro SA, or Petrobras, said on Friday its board has approved settlements with investors in four more lawsuits in a U.S. federal court in New York.

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Brazil court suspends $5.2 bln sale of Petrobras unit to Brookfield

RIO DE JANEIRO, Feb 10 (Reuters) - A Brazilian federal court suspended on Friday the $5.2 billion sale of state-controlled Petróleo Brasileiro SA's natural gas pipeline unit to a group of investors led by Canada's Brookfield Asset Management Inc .

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Petrobras undecided over outright sale of refining assets -source

SAO PAULO, Feb 2 (Reuters) - Petroleo Brasileiro SA remains undecided about the sale of some refineries, a sign Brazil's state-controlled oil company might be leaning toward forming partnerships by...

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Brazil audit court delays decision on Petrobras asset sales

BRASILIA, Feb 1 (Reuters) - Brazil's federal audit court on Wednesday postponed a decision regarding asset sales by state-controlled oil company Petroleo Brasileiro SA, leaving in place a court order blocking new deals in the company's divestment program.

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UPDATE 2-Brazil Petrobras's CEO says has no timetable to leave

SAO PAULO, Feb 1 (Reuters) - Pedro Parente on Tuesday said he has no timetable to step down as chief executive officer of Petróleo Brasileiro SA, vowing his commitment to a long-term turnaround of Brazil's state-controlled oil company.

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UPDATE 1-Brazil Petrobras's CEO says has no timetable to leave

SAO PAULO, Feb 1 (Reuters) - Pedro Parente on Tuesday said he has no timetable to step down as chief executive officer of Petróleo Brasileiro SA, vowing his commitment to a long-term turnaround of...

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Brazil's Petrobras sees partnerships cutting project risks

SAO PAULO, Feb 1 (Reuters) - Petróleo Brasileiro SA's (Petrobras's) $13.6 billion in global partnerships will help the state-controlled Brazilian oil company stem risks in new projects, Chief Executive Officer Pedro Parente said on Wednesday.

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CORRECTED-Petrobras shareholders approve Liquigas sale for $816 mln

SAO PAULO, Jan 31 (Reuters) - Shareholders in Brazil's state-controlled oil company Petroleo Brasileiro SA approved on Tuesday the sale of Liquigas Distribuidora SA to a unit of Ultrapar Participações SA for 2.57 billion reais ($816 million), according to a securities filing.

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Brazil's Petrobras says judge orders suspension of Suape and Citepe sale

BRASILIA, Jan 31 (Reuters) - Brazil's state-run oil company Petroleo Brasileiro SA said on Tuesday a judge had ordered the suspension of the sale of petrochemical companies Suape and Citepe.

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Brazil's Petrobras reduces diesel and gasoline prices at refineries

SAO PAULO, Jan 26 (Reuters) - Brazil's state-run oil company Petroleo Brasileiro SA announced on Thursday it is reducing diesel and gasoline prices at refineries, reflecting the fall in international petroleum products prices and the appreciation of the local currency against the dollar.

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Brazil's Petrobras says investors are suing its subsidiaries in Netherlands

SAO PAULO, Jan 24 (Reuters) - Brazil's state-run oil company, Petroleo Brasileiro SA, said on Tuesday in a securities filing that a group of investors is suing two of its subsidiaries in a court in...

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Brazil's Petrobras boosts bond buyback offer to $6 bln

SAO PAULO, Jan 24 (Reuters) - Brazilian state-controlled oil company Petróleo Brasileiro SA on Tuesday increased a bond buyback offer to $6 billion from $4 billion and extended the deadline to Feb....

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Brazil court allows Petrobras to sell Sergipe, Ceará offshore fields

SAO PAULO, Jan 23 (Reuters) - A Brazilian court has ruled that state-controlled oil company Petróleo Brasileiro SA can continue a process to sell several offshore oil fields in the country's northeastern region.

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Petrobras to appeal ruling suspending Libra platform bidding

RIO DE JANEIRO, Jan 18 (Reuters) - Petróleo Brasileiro SA will appeal a court decision that suspended bidding for the lease of a first floating production, storage and offloading (FPSO) platform for the giant Libra off-shore oil field, the company said on Wednesday.