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Petroleo Brasileiro SA Petrobras (PETR4.SA)

PETR4.SA on Sao Paulo Stock Exchange

19.29BRL
20 Jul 2018
Change (% chg)

R$ 0.89 (+4.84%)
Prev Close
R$ 18.40
Open
R$ 19.17
Day's High
R$ 19.48
Day's Low
R$ 18.93
Volume
97,664,400
Avg. Vol
68,318,488
52-wk High
R$ 27.60
52-wk Low
R$ 12.67

Latest Key Developments (Source: Significant Developments)

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

Brazil's Petrobras begins sale process of stakes in thermal power plants Pecém and Camaçari- filing
Tuesday, 3 Jul 2018 

July 2 (Reuters) - Petroleo Brasileiro SA Petrobras ::BRAZIL'S PETROBRAS STARTS SALE PROCESS OF STAKES IN THERMAL POWER PLANTS PECÉM AND CAMAÇARI MURICY- FILING.PETROBRAS TO SELL 45 PERCENT OF PECEM THERMAL POWER PLANT AND 50 PERCENT OF CAMACARI PLANT - FILING.THERMAL POWER PLANTS IN WHICH PETROBRAS WILL SELL STAKES TO BEGIN SUPPLYING ENERGY BY OCTOBER 2020 - FILING.  Full Article

Brazil's Petrobras Says began process to sell stakes in Campos Basin, Santos basin fields- Filing
Monday, 18 Jun 2018 

June 18 (Reuters) - Petroleo Brasileiro SA Petrobras ::BRAZIL'S PETROBRAS SAYS BEGAN NON-BINDING PHASE OF SALE OF 50 PERCENT STAKE IN TARTARUGA VERDE FIELD, PART OF ESPADARTE FIELD IN CAMPOS BASIN- FILING.BRAZIL'S PETROBRAS SAYS INTERESTED COMPANIES WILL HAVE ACCESS TO DATA ROOM ON CAMPOS BASIN FIELDS PUT UP FOR SALE - FILING.BRAZIL'S PETROBRAS SAYS BEGAN NON-BINDING PHASE OF SALE OF BAUNA FIELD IN SANTOS BASIN.  Full Article

Brazil's Petrobras confirms board chose Ivan Monteiro as interim CEO - Filing
Friday, 1 Jun 2018 

June 1 (Reuters) - Petroleo Brasileiro SA Petrobras ::BRAZIL'S PETROBRAS CONFIRMS THAT BOARD CHOSE IVAN MONTEIRO AS INTERIM CEO - FILING.  Full Article

Brazil's Petrobras announces $4 billion global bond buyback
Monday, 21 May 2018 

May 21 (Reuters) - Petroleo Brasileiro SA ::BRAZIL'S STATE-RUN OIL COMPANY PETROBRAS ANNOUNCES $4 BILLION GLOBAL BOND BUYBACK PROGRAM.PETROBRAS SAYS BUYBACK PERIOD WILL LAST UNTIL JUNE 18.  Full Article

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

Petrobras enters binding phase for Sergipe-Alagoas concessions

RIO DE JANEIRO, July 20 Brazil's state-led oil company Petrobras entered the binding phase for the partial sale of four concessions in the deep off-shore waters of the Sergipe-Alagoas Basin, the company said in a securities filing on Friday.