Petrobras Settles $1 Billion Debt and Secures New Financing

Written by Paulo Nogueira

Published on 02/11/2018 at 08:44

Seja o primeiro a reagir!

Petrobras, Brazilian State Oil and Gas Company, Paid Off a Debt with Banco Santander Worth US $ 1 Billion, Due by 2023

Petrobras announced on Wednesday that, simultaneously, it signed a new line of credit with the same institution worth US $ 750 million, maturing in October 2028 and with more competitive financial costs. “These transactions are in line with the company’s liability management strategy, which aims to improve the amortization profile and debt cost, considering the deleveraging target established in the 2018-2022 Business and Management Plan,” said Petrobras.

Also this week, a consortium led by Vitol agreed to acquire an offshore field from Petrobras in Nigeria for US $ 1.407 billion. The consortium purchasing the stake consists of Vitol, Africa Oil, and Delonex.

Under the agreement, the consortium will buy a 50% stake in Petrobras Oil and Gas B.V., a company that holds a stake in Nigeria’s offshore oil fields. BTG Pactual E & P B.V. will continue to hold the remaining 50% of POGBV.

ARTICLE CONTINUES BELOW

Petrobras Director Says That the Worst Phase for the State-Owned Company Is Over

Solange Guedes, head of the exploration and production department at Petrobras, was very emphatic in saying that “the worst is over.” As already stated in its business plan, an additional 13 platforms will be allocated to the newly discovered pre-salt assets that will come into operation in the coming years. The ability to design and build wells over these years has been crucial to ensure the high productivity it has now, and over time, this factor has only been decreasing. What used to take 300 days to build a well now takes about 100. Learn more about this phase here.

Petrobras Settles $1 Billion Debt and Secures New Financing

Petrobras, Brazilian State Oil and Gas Company, Paid Off a Debt with Banco Santander Worth US $ 1 Billion, Due by 2023

Petrobras Director Says That the Worst Phase for the State-Owned Company Is Over

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

The probe that passed by Saturn nearly 20 years ago captured something that no one expected — and only now have scientists deciphered complex organic molecules coming from an ocean hidden beneath the ice.

Before mining the ocean floor, scientists found 24 unknown creatures at 4,000 meters — including an entire superfamily that science had never seen before.

In the asteroid belt, an “impossible comet” is releasing water vapor where it shouldn’t exist, and the James Webb telescope has revealed that primordial ice has survived for billions of years in a region that could rewrite the origin of water on Earth.

Mercedes has created an electric motor with over 1,000 horsepower that weighs only 12.7 kilograms — less than a suitcase and with the highest power density ever recorded.

At over 8 meters tall and resembling a trunk, this creature dominated the Earth 400 million years before the dinosaurs — and science still doesn’t know what it was.

Petrobras Settles $1 Billion Debt and Secures New Financing

Petrobras, Brazilian State Oil and Gas Company, Paid Off a Debt with Banco Santander Worth US $ 1 Billion, Due by 2023

Petrobras Director Says That the Worst Phase for the State-Owned Company Is Over

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

Scientists discover unexpected climate benefit hidden in forest soils related to atmospheric methane absorption.

Sandy unproductive land can become a highly profitable area with a simple technique that boosts soybeans and corn to over 100 sacks.

The new Kia hatch will have a range of up to 480 km, may cost up to 25,000 euros (around R$ 150,000), and promises to become one of the most affordable electric cars in Europe; meet the Kia Picanto Electric.

Viih Tube, former BBB contestant and millionaire, lives in a mansion worth R$ 8.5 million with a heated artificial lake, two cinemas, a complete spa, and a giant playroom of 120 m² for the couple’s children.

Labor shortages in the construction industry in the United States surge, and 499,000 workers need to be urgently hired to fill open positions and support ongoing large-scale projects.

The probe that passed by Saturn nearly 20 years ago captured something that no one expected — and only now have scientists deciphered complex organic molecules coming from an ocean hidden beneath the ice.

Before mining the ocean floor, scientists found 24 unknown creatures at 4,000 meters — including an entire superfamily that science had never seen before.

In the asteroid belt, an “impossible comet” is releasing water vapor where it shouldn’t exist, and the James Webb telescope has revealed that primordial ice has survived for billions of years in a region that could rewrite the origin of water on Earth.

Mercedes has created an electric motor with over 1,000 horsepower that weighs only 12.7 kilograms — less than a suitcase and with the highest power density ever recorded.

At over 8 meters tall and resembling a trunk, this creature dominated the Earth 400 million years before the dinosaurs — and science still doesn’t know what it was.