Petrobras to undertake ADR offering, swap assets

In recent months, Brazilian state oil firm Petroleo Brasileiro SA has made several strategic moves while forming several key international alliances to ensure a strong foothold in the worldwide oil and gas market.Petrobras is hoping to raise capital through a recently announced American Depositary Receipts (ADR) offering, as well as further expanding its exploration efforts in the US Gulf of Mexico through a swap program with US producers. In addition, the Brazilian firm has signed a deal with Spain's Repsol-YPF SA to swap more than $1 billion worth of assets.And Petrobras recently inked a deal with Venezuelan state oil firm Petroleos de Venezuela SA to jointly market oil in northern ...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected