Edition:
United Kingdom

Petroleo Brasileiro SA Petrobras (PETR4.SA)

PETR4.SA on Sao Paulo Stock Exchange

22.36BRL
20 Apr 2018
Change (% chg)

R$ 0.16 (+0.72%)
Prev Close
R$ 22.20
Open
R$ 22.06
Day's High
R$ 22.46
Day's Low
R$ 21.90
Volume
61,382,900
Avg. Vol
46,132,818
52-wk High
R$ 22.63
52-wk Low
R$ 11.59

Latest Key Developments (Source: Significant Developments)

Petrobras had record production in Brazil for fourth consecutive year In 2017- Filing
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Petroleo Brasileiro Sa Petrobras ::BRAZIL'S PETROBRAS SAYS OIL PRODUCTION IN BRAZIL REACHED RECORD 2.15 MILLION BPD LAST YEAR.BRAZIL'S PETROBRAS SAYS NATURAL GAS PRODUCTION REACHED 2.65 MILLION BARRELS OF OIL EQUIVALENT PER DAY IN 2017- FILING.BRAZIL'S PETROBRAS SAYS SUBSALT PRODUCTION (WITH PARTNERS) ROSE 26 PERCENT LAST YEAR AND REACHED RECORD 1.29 MILLION BARRELS PER DAY- FILING.PETROBRAS SAYS OIL AND NATURAL GAS PRODUCTION IN BRAZIL IN DECEMBER WAS 2.62 MILLION BARRELS OF OIL EQUIVALENT PER DAY- FILING.PETROBRAS SAYS POSTED PRODUCTION RECORD FOR FOURTH CONSECUTIVE YEAR IN 2017- FILING.  Full Article

Total, Petrobras complete Lapa and Iara concessions deal
Monday, 15 Jan 2018 

Jan 15 (Reuters) - Total Sa /Petrobras::* Petrobras and Total finalize decisive milestone in the realization of their Strategic Alliance, signed in March 2017.* Transfer from Petrobras to Total of 35% of the rights, as well as the operatorship, of the Lapa field in Block BM-S-9A in the Santos Basin pre-salt, alongside Shell (30%), Repsol-Sinopec (25%) and Petrobras (10%). The Lapa field was put in production in December 2016, via the 100,000 barrel per day capacity Cidade de Caraguatatuba FPSO..* Transfer from Petrobras to Total of 22.5% of the rights of the Iara area, which comprises the Sururu, Berbigão and Oeste de Atapu fields in Block BM-S-11A in the Santos Basin pre-salt, operated by Petrobras (42.5%) alongside Shell (25%) and Petrogal (10%). .* Production in Iara expected to start in 2018 through the 150,000 barrel per day capacity P-68 FPSO in Berbigão-Sururu fields, which will be followed by a second FPSO in 2019 in the Atapu field..* The consideration for the above transactions amounts to US$1.95 billion, including closing adjustments. This amount does not include US$ 400 million that can be triggered by Petrobras to carry a part of its investment share in the Iara development fields and contingent payments.* Transactions give shape to the Strategic Alliance between Petrobras and Total, allowing them to combine their deep-offshore expertise.  Full Article

Engie head comfortable with current govt stake in firm, but could consider other scenarios
Monday, 15 Jan 2018 

PARIS, Jan 15 (Reuters) - Engie ::* ENGIE CEO KOCHER SAYS PROGRAMME OF 15 BLN OF ASSET SALES NOW 90 PCT COMPLETE.* ENGIE'S KOCHER SAYS ENGIE HAS BUILT 6 GW OF NEW RENEWABLE ENERGY CAPACITY IN PLACE, AND IS BUILDING ANOTHER SIX GW.* ENGIE'S KOCHER SAYS THE SHIFT TO RENEWABLES, GRIDS AND SERVICES HAS IMPROVED ENGIE'S RETURN ON CAPITAL EMPLOYED.* ENGIE'S KOCHER SAYS MESTRALLET TO LEAVE CHAIRMAN POST THIS YEAR, NO COMMENT ON SUCCESSION.* ENGIE'S KOCHER SAYS WE HOPE TO SEE STRONG GROWTH RATE IN OUR KEY INDUSTRIES IN 2018.* ENGIE CEO KOCHER SAYS PETROBRAS IN BRAZIL IS SELLING GAS INFRASTRUCTURE, IT IS AN OPTION WE ARE LOOKING AT.* ENGIE'S KOCHER SAYS HAPPY WITH CURRENT GOVERNMENT STAKE OF 24 PCT IN ENGIE, BUT COULD LIVE WITH OTHER SCENARIOS.  Full Article

Rowan Announces Purchase Of Two Modern Jack-Up Rigs
Friday, 5 Jan 2018 

Jan 5 (Reuters) - Rowan Companies Plc ::ROWAN ANNOUNCES PURCHASE OF TWO MODERN JACK-UP RIGS.ROWAN COMPANIES PLC - ‍INTENDS TO MOBILIZE THE MODERN JACK-UPS TO MIDDLE EAST FROM THEIR CURRENT LOCATION IN BRAZIL IN LATE Q1 2018​.ROWAN SAYS CONCLUDED PURCHASE OF 2 LETOURNEAU SUPER 116E JACK-UP RIGS IN PUBLIC AUCTION FROM PETROLEO BRASILEIRO'S UNIT FOR $38.5 MILLION PER UNIT.  Full Article

Diamond Offshore Drilling Says Co And Petrobras Agreed To Settle Lawsuit And Amend Ocean Valor Drilling Contract
Thursday, 4 Jan 2018 

Jan 4 (Reuters) - Diamond Offshore Drilling Inc ::DIAMOND OFFSHORE DRILLING INC SAYS THE CO AND PETROBRAS AGREED TO SETTLE LAWSUIT AND AMEND OCEAN VALOR DRILLING CONTRACT.DIAMOND OFFSHORE DRILLING SAYS ITS FINANCIAL RESULTS FOR QUARTERLY PERIOD ENDING DEC 31, 2017 WILL INCLUDE A ONE-TIME CHARGE OF ABOUT $20 MILLION.  Full Article

SBM Offshore Updates On Legacy Issue In Brazil ‍​
Friday, 22 Dec 2017 

Dec 22 (Reuters) - SBM OFFSHORE NV ::SBM OFFSHORE UPDATE ON LEGACY ISSUE IN BRAZIL ‍​.FEDERAL COURT OF ACCOUNTS ALLOWS MINISTRY OF TRANSPARENCY, OVERSIGHT AND CONTROL, GENERAL COUNSEL FOR REPUBLIC AND PETROBRAS TO MOVE FORWARD WITH SIGNING OF LENIENCY AGREEMENT‍​.FEDERAL PROSECUTOR’S OFFICE HAS FILED A DAMAGE CLAIM AGAINST A BRAZILIAN SUBSIDIARY OF COMPANY.DAMAGE CLAIM ALSO AGAINST INTERMEDIATE HOLDING COMPANY IN SWITZERLAND AND NUMBER OF INDIVIDUALS, INCL. FORMER EMPLOYEES OF GROUP.CLAIM RELATES TO ALLEGED IMPROPER SALES PRACTICES BEFORE 2012 THAT ARE ALSO SUBJECT OF LENIENCY AGREEMENTS.REAFFIRMS ITS COMMITMENT TO CLOSE OUT ITS LEGACY ISSUES IN BRAZIL BY MEANS OF A LENIENCY AGREEMENT.UNDER CURRENT CIRCUMSTANCES, COMPANY CANNOT GUARANTEE THAT SATISFACTORY RESOLUTION WILL BE REACHED.  Full Article

BRIEF-Statoil buys stake in major Petrobras oilfield for up to $2.85 bln
Monday, 18 Dec 2017 

Fixes typo in headline:REG-STATOIL ASA ACQUIRES 25% OF THE RONCADOR FIELD IN BRAZIL AND ADVANCES ITS STRATEGIC PARTNERSHIP WITH PETROBRAS TO INCREASE RECOVERY.SAYS TOTAL CONSIDERATION COMPRISES AN INITIAL PAYMENT OF USD 2.35 BILLION, PLUS ADDITIONAL CONTINGENT PAYMENTS OF UP TO USD 550 MILLION.‍TRANSACTION NEARLY TRIPLES STATOIL'S PRODUCTION IN BRAZIL​.‍RONCADOR WAS LARGEST DISCOVERY OFFSHORE BRAZIL IN 1990S AND IS CURRENTLY THIRD LARGEST PRODUCING FIELD IN PETROBRAS' PORTFOLIO WITH MORE THAN 1 BILLION BARRELS OF OIL EQUIVALENT REMAINING.‍AMBITION IS TO INCREASE RECOVERY FACTOR BY AT LEAST 5 PERCENTAGE POINTS​.  Full Article

Petrobras And ExxonMobil Form Strategic Alliance
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Exxon Mobil Corp ::PETROBRAS AND EXXONMOBIL FORM STRATEGIC ALLIANCE.EXXONMOBIL - PETROBRAS AND EXXONMOBIL WILL EVALUATE "AREAS OF MUTUAL INTEREST".EXXONMOBIL - CO, PETROBRAS WILL EVALUATE AREAS OF MUTUAL INTEREST INCLUDING EXPLORATION, PRODUCTION, GAS & CHEMICALS BOTH INSIDE AND OUTSIDE BRAZIL.  Full Article

Petrobras Reports FCCU Shutdown at Pasadena, Texas, Refinery
Friday, 8 Dec 2017 

Dec 8 (Reuters) - PETROBRAS ::PASADENA, TX, REFINERY REPORTS FLUID CATALYTIC CRACKING UNIT (FCCU) SHUTDOWN.PASADENA, TEXAS, REFINERY REPORTS PROCESS UNIT SHUTDOWN.PASADENA, TX, REFINERY REPORTS EMISSIONS FROM ELECTROSTATIC PRECIPITATOR, FLUIDIZED CATALYTIC CRACKING UNIT.  Full Article

Petrobras yet to define model for partnerships in refining
Monday, 27 Nov 2017 

Nov 27 (Reuters) - Petroleo Brasileiro Sa Petrobras ::CEO OF BRAZIL'S PETROBRAS SAYS FIRM WANTS TO INCREASE MARKET SHARE ON FUELS SALES IN LOCAL MARKET.PETROBRAS CEO PARENTE SAYS AFRICA-BASED ASSETS PUT UP FOR SALE HAVE ATTRACTED INTEREST.PETROBRAS CEO PARENTE SAYS COMPANY HAS YET TO DEFINE MODEL FOR PARTNERSHIPS IN REFINING.PETROBRAS CEO SAYS DISCUSSION REGARDING REFINING DIVESTITURES IS COMPLEX DUE TO THE FACT THE COMPANY IS THE SOLE REFINER IN BRAZIL.  Full Article

Deals of the day-Mergers and acquisitions

April 20 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday: ** Japan's Takeda Pharmaceutical nudged up its offer for Shire to 44.3 billion pounds ($62 billion) to try to persuade the rare-disease drugs specialist into talks after it rejected three previous proposals. ** General Electric Co said it was still considering a potential breakup of the 126-year-old industrial conglomerate, but such a move was secondary to running its businesses bett