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Petroleo Brasileiro SA Petrobras (PBR.N)

PBR.N on New York Stock Exchange

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4:01pm EDT
Change (% chg)

$0.25 (+2.83%)
Prev Close
$8.83
Open
$8.94
Day's High
$9.20
Day's Low
$8.88
Volume
6,442,466
Avg. Vol
5,125,448
52-wk High
$12.55
52-wk Low
$5.45

Latest Key Developments (Source: Significant Developments)

DOF: Pipelay vessel Skandi Búzios starts 8 year Petrobras contract as scheduled
Wednesday, 19 Apr 2017 01:00am EDT 

April 19 (Reuters) - Dof Asa ::DOF Subsea<<>> and Technipfmc<<>>: Skandi Búzios, a pipelay support vessel (plsv) owned by DOF subsea (50 pct) and Technipfmc<<>> (50 pct), commenced its 8-year charter contract with Petrobras, as scheduled on April 13th.Mons S. Aase, DOF Subsea's Chief Executive Officer, says: "This milestone project is the result of our long- term focus on the Brazilian market. We are proud of this significant addition to our Brazilian fleet.".  Full Article

China CIC, Canada's Brookfield acquire Petrobras pipeline unit
Wednesday, 5 Apr 2017 01:04am EDT 

China's sovereign wealth fund China Investment Corp said it has joined hands with Canada's Brookfield Asset Management Inc in acquiring 90 percent of a natural gas pipeline unit from Brazil's state oil firm Petrobras . : The investor group includes other institutional investor, and the pipeline unit is called Nova Transportadora do Sudeste S.A., CIC stated on its website on Wednesday . Reuters reported last September that Petrobras agreed to sell 90 percent of its natural gas pipeline unit to a group of investors for $5.2 billion [nL1N1BI0VX] (Reporting by Chen Aizhu) ((aizhu.chen@thomsonreuters.com; +8610 66271211; Reuters Messaging: aizhu.chen.reuters.com@reuters.net)) Keywords: CHINA PETROBRAS/PIPELINE ACQUISITION (BRIEF).  Full Article

Exxon eyes Brazil expansion - WSJ
Tuesday, 4 Apr 2017 10:40am EDT 

: ExxonMobil is in talks to gain access to Brazil's prized deep-water resources - WSJ, citing people familiar with the matter . Exxon's talks have included discussions about JV partnership through which Exxon would invest in projects with state-oil firm Petróleo Brasileiro SA - WSJ .Exxon's specific terms of any agreement have yet to be completed - WSJ.  Full Article

Keppel Corp updates on dismissal of civil action by EIG
Sunday, 2 Apr 2017 10:55pm EDT 

Keppel Corporation Ltd : Dismissal Of Civil Action By EIG . United States District Court, district of Columbia, has ruled in favour of co and Keppel O&M and has dismissed claims against co and Keppel O&M . Refers to its announcement dated 2 June 2016 in relation to action commenced by EIG management co and eight of its managed funds .Civil action against Petroleo Brasileiro SA, in relation to which company and Keppel Offshore & Marine Limited were added as defendants.  Full Article

Karoon Gas Australia updates on agreement with Petrobras
Thursday, 30 Mar 2017 12:47am EDT 

Karoon Gas Australia Ltd : Petrobras has notified karoon that process relating to sale of Baúna and Tartaruga Verde has been withdrawn .Petrobras has advised that it intends to reinitiate a sales process for assets.  Full Article

Brookfield - notes announcement made by Petrobras of favorable court decision
Thursday, 9 Mar 2017 07:35pm EST 

Brookfield Infrastructure Partners Lp : Notes announcement made by Petróleo Brasileiro S.A. Of favorable court decision . Brookfield Infrastructure - court decision removes enables Petrobras to proceed with sale of a 90% stake at Nova Transportadora to co-led consortium .Brookfield Infrastructure Partners-parties remain committed to closing transaction in an expedited timeframe on satisfaction of remaining conditions.  Full Article

Total and Petrobras seal strategic alliance by signing definitive contracts
Wednesday, 1 Mar 2017 05:23am EST 

Total Sa : Have signed definitive contracts in relation to the package of assets contemplated in the strategic alliance . Contracts signed yesterday seal strategic alliance between petrobras & co creating new partnerships in upstream and downstream sectors . Alliance should allow both co & petrobras to combine their internationally recognized expertise on all segments of oil and gas value chain in brazil,internationally .Petrobras will transfer 22.5% of rights to total in concession area named iara in block bm-s-11.  Full Article

Statoil CEO sees further upside to Sverdrup field reserve estimates
Tuesday, 7 Feb 2017 05:16am EST 

Statoil Asa : CEO says "there are definitely upsides attached" to the latest Johan Sverdrup reserves estimates, which now stands at 2.0-3.0 billion barrels of oil equivalents . CFO says Johan Castberg field development cost now seen at NOK "45-plus billion" ($5.40 billion) versus NOK 50-60 billion seen 12 months ago . CEO says break-even cost of Brazil's Peregrino II project now below $45 per barrel . Both CEO Eldar Saetre and CFO Hans Jakob Hegge spoke on the sidelines of Statoil's earnings and strategy update in London Further company coverage: [STL.OL] ($1 = 8.3342 Norwegian crowns) (Reporting by Nerijus Adomaitis, writing by Terje Solsvik, editing by Gwladys Fouche) ((terje.solsvik@thomsonreuters.com;)).  Full Article

Brazil's Petrobras raises LPG price 12.3 pct starting Dec 7
Tuesday, 6 Dec 2016 01:12pm EST 

Brazil's state-run oil company Petroleo Brasileiro SA Petrobras says on Tuesday: Liquified-petroleum gas (LPG) prices for wholesale distrubtors will rise starting Dec. 7 by 12.3 pct . The price increase will not affect retail sales of 13-kg tanks, which are widely used in Brazil for kitchen cooking gas . Late on Monday, Petrobras announced an increase in wholesale gasoline and diesel fuel prices in Brazil by 9.5 percent and 8.1 percent, respectively Related stories on Eikon: [ID:nE6N1CG035] Further company coverage: [PETR4.SA] ((reese.ewing@thomsonreuters.com;)).  Full Article

Karoon Gas Australia confirms negotiations with Petrobras
Thursday, 6 Oct 2016 08:18pm EDT 

Karoon Gas Australia Ltd : Karoon confirms negotiations with Petrobras . Confirms it has been awarded right to negotiate a final agreement with petrobras . Awarded right to negotiate agreement, conduct confirmatory due diligence for acquisition of interest in Baúna Project, Tartaruga Development Project .Next stage of negotiation follows almost 12 months of a competitive bidding process.  Full Article

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Petrobras says Brazil court dismisses suit to block rights sale

SAO PAULO Brazil's state-run oil company Petroleo Brasileiro SA said on Wednesday that a regional court dismissed a lawsuit seeking to suspend the sale of rights to shallow-water oilfields in the northeastern states of Sergipe and Ceará.