rss icon Subscribe
desktop mobile

Petrobras Expects $17 Bln Investment, $8 Bln Divestitures this Year

Posted by Eric Haun

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.
The presentation explaining second-quarter results also said Petrobras will refinance as much as $13 billion worth of debt and generate about $27 billion in cash. In a conference call, executives said Petrobras is not currently considering debt sales in international markets.


(Reporting by Marta Nogueiera and Alexandra Alper; editing by Grant McCool)

Aug 11, 2017

 

Energy

First Vessel Heads for MD's Cove Point LNG

The LNG Carrier Maran Gas Delphi (CREDIT: Maran Gas)

The first liquefied natural gas vessel, the Maran Gas Delphi, was headed Thursday for Dominion

Amsterdam in ‘Premier League’ in Ethanol Market

Photo: Port of Amsterdam

Port of Amsterdam was included in the S&P Global Platts Top 250 Global Energy Company Rankings

OPEC, Allies Look at Plans for Prolonged Oil Supply Restraint

OPEC and allied producers are looking at a "continuity strategy" for oil supply management, OPEC's secretary general said on Wednesday, signalling plans for further cooperation

Finance

First Vessel Heads for MD's Cove Point LNG

The first liquefied natural gas vessel, the Maran Gas Delphi, was headed Thursday for Dominion Energy Inc's Cove Point LNG export facility in Maryland, a Reuters interactive map

Seadrill Receiving Rival Bids for Debt Restructuring

(Photo: Seadrill)

Drilling rig firm Seadrill confirmed on Wednesday it had received two rival bids for its debt

West Coast Intermodal Update: Mario Cordero

Mario Cordero

POLB Executive Director Mario Cordero weighs in from his new West Coast chair, on the most

Maritime Apps