Petroleo Brasileiro SA Petrobras (PBR.N)
24 Oct 2016
RIO DE JANEIRO/NEW YORK Oct 24 Petrobras' decision to settle four lawsuits over corruption allegations signals its willingness to negotiate deals in other civil cases but does not remove the threat of massive government penalties from U.S. and Brazilian investigations, legal experts said.
RIO DE JANEIRO, Oct 24 The chief executives of Brazil's Petroleo Brasileiro SA and France's Total SA said on Monday they plan to team up in new exploration, distribution and power projects in Brazil and abroad.
RIO DE JANEIRO, Oct 24 The chief executive of Brazil's state-run oil company Petrobras, Pedro Parente, said on Monday that four settlements reached with investors late last week were not part of provisions for other ongoing lawsuits including a class action case.
RIO DE JANEIRO, Oct 24 French oil major Total could help raise financing for some of Brazilian state oil company Petrobras' projects while both companies discuss the scope of a partnership announced on Monday, Total executives said.
RIO DE JANEIRO, Oct 24 Brazil Petrobras on Monday said its board approved the creation of an independent committee to allow the state-controlled company's minority shareholders to review planned changes to some of its biggest oil and gas leases.
SAO PAULO, Oct 24 The opening up of refining and fuels distribution in Brazil to other companies besides Petrobras could be more significant than its liberalization of exploration and production in the 1990s, said the head of oil and gas association IBP, Jorge Camargo, on Monday. (Reporting by Marta Camargo and Rodrigo Viga Gaier Editing by W Simon)
RIO DE JANEIRO, Oct 24 Brazil's Petroleo Brasileiro SA and France's Total SA agreed on Monday to study opportunities for joint developments in the exploration and production of oil and gas, in Brazil and abroad, Petrobras said in a statement.
BRASILIA, Oct 24 Petrobras' board approved setting up an independent minority shareholders committee to study changes to the offering of rights to the subsalt oil deposits, the Brazilian state-led oil company said on Monday in a securities filing.
SAO PAULO, Oct 21 Brazil's state-run oil company Petrobras said on Friday its board approved settlements for four lawsuits sought by investors in New York federal court and it currently estimates a provision of $353 million to cover the costs.
* Says Dril-Quip do Brasil LTDA and Petrobras entered amendment to extend duration of drilling contract by four years
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