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Petroleo Brasileiro SA Petrobras (PETR3.SA)

PETR3.SA on Sao Paulo Stock Exchange

28.03BRL
19 Nov 2018
Change (% chg)

R$ -0.02 (-0.07%)
Prev Close
R$ 28.05
Open
R$ 27.83
Day's High
R$ 28.50
Day's Low
R$ 27.53
Volume
8,079,500
Avg. Vol
10,380,210
52-wk High
R$ 31.80
52-wk Low
R$ 15.50

Latest Key Developments (Source: Significant Developments)

Petrobras Confirms That CEO Ivan de Souza Monteiro Will Leave As Of January 1, 2019
Monday, 19 Nov 2018 

Nov 19 (Reuters) - Petroleo Brasileiro SA Petrobras ::PETROLEO BRASILEIRO SA PETROBRAS - CONFIRMS THAT CEO, IVAN DE SOUZA MONTEIRO, WILL LEAVE COMPANY AS OF JANUARY 1.  Full Article

Weatherford Awarded Drillpipe Riser Contract With Petrobras
Wednesday, 7 Nov 2018 

Weatherford International PLC ::WEATHERFORD AWARDED DRILLPIPE RISER CONTRACT WITH PETROBRAS.WEATHERFORD INTERNATIONAL - CONTRACT IS EXPECTED TO YIELD APPROXIMATELY $80 MILLION IN REVENUE DURING INITIAL FOUR-YEAR PERIOD.WEATHERFORD INTERNATIONAL PLC - CONTRACT WILL REPLACE A CURRENT FIVE-SYSTEM CONTRACT THAT BEGAN IN MAY 2009..  Full Article

Teekay Offshore Partners Announces Settlement Agreements With Petrobras
Monday, 29 Oct 2018 

Oct 29 (Reuters) - Teekay Offshore Partners LP ::TEEKAY OFFSHORE PARTNERS ANNOUNCES SETTLEMENT AGREEMENTS WITH PETROBRAS.TEEKAY OFFSHORE PARTNERS LP - PETROBRAS HAS AGREED TO PAY A TOTAL AMOUNT OF $96 MILLION TO TEEKAY OFFSHORE.TEEKAY OFFSHORE PARTNERS LP - REMAINING $41 MILLION OF SETTLEMENT IS TO BE PAID IN TWO SEPARATE INSTALMENTS.TEEKAY OFFSHORE - SETTLEMENT RELATES TO PREVIOUSLY-TERMINATED CHARTER CONTRACTS OF HILOAD DP UNIT AND ARENDAL SPIRIT UNIT FOR MAINTENANCE AND SAFETY.TEEKAY OFFSHORE PARTNERS LP - IN Q4 , EXPECTS TO RECOGNIZE ABOVE-MENTIONED SETTLEMENT, WHICH IS EXPECTED TO INCREASE CO'S REVENUES BY ABOUT $91 MILLION.TEEKAY OFFSHORE - AGREED TO A REDUCTION IN CHARTER RATE TOTALING ABOUT $11 MILLION, EXPECTED TO BE CREDITED TO PETROBRAS OVER REMAINING CONTRACT TERM.TEEKAY OFFSHORE PARTNERS LP - ENTERED FURTHER SETTLEMENT AGREEMENT WITH PETROBRAS ABOUT DISPUTE RELATING TO CHARTER OF PIRANEMA SPIRIT FPSO.  Full Article

Petrobras oil output in Brazil falls in September
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Petroleo Brasileiro SA Petrobras ::PETROBRAS' OIL OUTPUT IN BRAZIL AT 1.88 MILLION BARRELS/DAY ON AVERAGE IN SEPT, 2 PERCENT LESS THAN IN PREVIOUS MONTH - COMPANY.PETROBRAS SAYS FALL IN OIL PRODUCTION IN SEPT DUE TO PLANNED MAINTENANCE IN 2 RIGS OPERATING IN CAMPOS BASIN.  Full Article

Brazil's Petrobras says it started oil and gas production at Lula Extremo Sul with platform P-69 - filing
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - Petroleo Brasileiro SA Petrobras ::BRAZIL'S PETROBRAS SAYS IT STARTED OIL AND GAS PRODUCTION AT LULA EXTREMO SUL WITH PLATFORM P-69 - FILING.  Full Article

Brazil's Petrobras aims to restart Replan refinery in "coming days" -Filing
Monday, 27 Aug 2018 

Aug 27 (Reuters) - Petroleo Brasileiro SA Petrobras ::BRAZIL'S STATE-RUN OIL COMPANY PETROBRAS SAYS IT HOPES TO RESTART OPERATIONS AT REPLAN REFINERY IN "COMING DAYS" -FILING.BRAZIL'S PETROBRAS SAYS INITIATES BINDING PHASE FOR SALE OF FULL STAKE IN BAUNA FIELD IN SANTOS BASIN -FILING.BRAZIL'S PETROBRAS SAYS INITIATES BINDING PHASE FOR SALE OF 50 PERCENT STAKE IN TARTARUGA VERDE AND MODULO III DO CAMPO ESPADARTE FIELDS IN CAMPOS BASIN -FILING.  Full Article

Petrobras says SBM to pay it 549 mln reais as part of leniency deal
Thursday, 26 Jul 2018 

July 26 (Reuters) - Petroleo Brasileiro SA Petrobras ::BRAZIL'S STATE-CONTROLLED OIL COMPANY PETROBRAS SAYS SIGNED LENIENCY DEAL WITH SBM OFFSHORE AND SBM HOLDING - FILING.PETROBRAS SAYS SBM TO PAY IT 549 MILLION REAIS AS PART OF LENIENCY DEAL - FILING.  Full Article

SBM Offshore Says Leniency Agreement Signed Between SBM Offshore, Brazilian Authorities And Petrobras
Thursday, 26 Jul 2018 

July 26 (Reuters) - SBM Offshore NV ::LENIENCY AGREEMENT SIGNED BETWEEN SBM OFFSHORE, BRAZILIAN AUTHORITIES AND PETROBRAS.SBM OFFSHORE - PAYMENT AMOUNTS AGREED UPON IN LENIENCY AGREEMENT ARE IN LINE WITH PROVISION MAINTAINED BY CO CORRESPONDING TO THIS INITIAL AGREEMENT.SBM OFFSHORE - UNDER THE TERMS OF THE LENIENCY AGREEMENT, CGU, AGU AND PETROBRAS COMMIT TO TERMINATE ALL OF THEIR INVESTIGATIONS AGAINST THE COMPANY.  Full Article

Brazil's Petrobras said it extended maturities in a $1 billion loan - filing
Thursday, 19 Jul 2018 

July 19 (Reuters) - Petroleo Brasileiro SA Petrobras ::BRAZIL'S PETROBRAS SAID IT EXTENDED MATURITIES IN A $1 BILLION LOAN WITH MIZUHO BANK FROM 2020 AND 2022 TO 2024 - FILING.BRAZIL'S PETROBRAS SAID NEW LOAN WITH MIZUHO HAS "MORE COMPETITIVE" PRICES - FILING.  Full Article

SBM Offshore Updates On Legacy Issues In Brazil
Thursday, 5 Jul 2018 

July 5 (Reuters) - SBM OFFSHORE NV ::UPDATE ON LEGACY ISSUES IN BRAZIL.ON JULY 4, 2018 COMPANY BECAME AWARE OF AN INTERIM DECISION BY JUDGE HANDLING CASE..FROM WHAT COMPANY UNDERSTANDS THUS FAR, JUDGE HAS PARTIALLY GRANTED REQUEST FOR A PROVISIONAL MEASURE.PROVISIONAL MEASURE AIMS TO ORDER PETROBRAS TO START WITHHOLDING A PERCENTAGE OF MONTHLY PAYMENTS DUE TO SBM OFFSHORE COMPANIES UNDER CERTAIN CHARTER CONTRACTS IN ESCROW.JUDGE IS REQUESTING MORE INFORMATION FROM PETROBRAS AND COMPANY.DECISION REFERENCES FACT THAT SBM OFFSHORE IS HEADQUARTERED OVERSEAS.BEFORE TAKING A DECISION ON AMOUNTS TO BE WITHHELD, JUDGE IS REQUESTING MORE INFORMATION FROM PETROBRAS AND COMPANY.PETROBRAS IS REQUESTED TO INDICATE ITS INTEREST IN BECOMING A PLAINTIFF IN IMPROBITY LAWSUIT AS WELL AS TO PRESENT EVIDENCE ON IMPACT OF RETENTION OF AMOUNTS..COMPANY STRONGLY DISAGREES WITH INTERIM DECISION, IS SEEKING FURTHER CLARIFICATION AND IS TAKING ALL APPROPRIATE MEASURES TO DEFEND ITS INTERESTS.COMPANY IS REQUESTED TO PROVIDE FINANCIAL INFORMATION ON CONTRACTS THAT ARE PART OF OBJECT OF THIS LITIGATION..FEDERAL GOVERNMENT IS ALSO REQUESTED TO INDICATE ITS INTEREST IN THIS LITIGATION..UNDER CURRENT CIRCUMSTANCES, COMPANY CANNOT GUARANTEE THAT A SATISFACTORY RESOLUTION WILL BE REACHED.  Full Article

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New Petrobras CEO rules out privatization, wants non-core asset sales

RIO DE JANEIRO A University of Chicago-trained economist named on Monday to head Brazil's Petrobras will not privatize the state-run company, but wants to push ahead with selling non-core assets and to focus on oil exploration and production.