Key Developments: Petroleo Brasileiro Petrobras SA (PBR)

PBR on New York Consolidated

6.01USD
30 Jan 2015
Change (% chg)

$-0.39 (-6.09%)
Prev Close
$6.40
Open
$6.02
Day's High
$6.16
Day's Low
$5.87
Volume
96,673,006
Avg. Vol
43,297,829
52-wk High
$20.94
52-wk Low
$5.79

Search Stocks

Latest Key Developments (Source: Significant Developments)

Petroleo Brasileiro Petrobras SA announces new oil accumulation in Farfan area in the Sergipe Basin
Friday, 9 Jan 2015 05:59am EST 

Petroleo Brasileiro Petrobras SA:Confirms light oil accumulation and gas discovery in Farfan area, as announced to the market on Aug. 9, 2013.This drilling also presented a new light oil accumulation in a deepest reservoir, with 28 meters thickness.Results of drilling well 9-SES-188D (Petrobras nomenclature) / 9-BRSA-1280D-SES (ANP nomenclature).This accumulation is part of the Sergipe-Alagoas Basin deep-water exploration project, according to Petrobras' business and management plan for the 2014-2018 period.  Full Article

Petroleo Brasileiro Petrobras SA confirms oil in Espirito Santo Basin
Tuesday, 6 Jan 2015 05:45am EST 

Petroleo Brasileiro Petrobras SA:Says that on Jan. 05, completed the drilling in Pudim well, at water depth of 1,886 meters, the Espirito Santo Basin post-salt.Confirmed the presence of high quality oil.  Full Article

Petroleo Brasileiro Petrobras SA delays Q3-2014 results presentation to Jan. 2015
Tuesday, 30 Dec 2014 05:32am EST 

Petroleo Brasileiro Petrobras SA:Announces that will release Q3-2014 results in Jan. 2015, without the PricewaterhouseCoopers (PwC) external auditors’ report.  Full Article

Galp Energia and Petrobras announce declaration of commercial feasibility for the Iara area, pre-salt Santos basin
Tuesday, 30 Dec 2014 01:56am EST 

Galp Energia SGPS SA:Announces that, as partner in the consortium for development of Block BM-S-11, the operator Petroleo Brasileiro SA (Petrobras), has submitted the declaration of commercial feasibility (DoC) for the oil and gas accumulations in the Iara and Entorno de Iara areas.Doc submitted to Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP).In accordance with the Brazilian regulation, the Development Plan submission to ANP of the three accumulations should take place within 180 days from DoC.Galp Energia, through its subsidiary Petrogal Brasil, owns a 10 pct stake in the consortium that explores BM-S-11, which includes Iara area, while Petrobras (operator) holds a 65 pct stake and the BG Group 25 pct.  Full Article

Petroleo Brasileiro Petrobras SA rescinds construction and assembly contract for the Nitrogenous Fertilizers Unit III – UFN III
Friday, 19 Dec 2014 07:31am EST 

Petroleo Brasileiro Petrobras SA:Announces it has rescinded the construction and assembly contract for the Nitrogenous Fertilizers Unit III – UFN III, in Tres Lagoas.Says UFN III construction work is 82 percent complete and is revising the timetable to ensure the undertaking is finished in the shortest amount of time possible.  Full Article

Centrais Eletricas Brasileiras SA announces debt renegotiation with Petroleo Brasileiro Petrobras SA
Friday, 12 Dec 2014 07:29am EST 

Centrais Eletricas Brasileiras SA:Announces that the Board of Directors of Eletrobras approved on Dec. 11, 2014, the renegotiation of debts of Amazonas Distribuidora de Energia SA, Companhia de Eletricidade do Acre, Centrais Eletricas de Rondonia SA and Boa Vista Energia SA with Petrobras Distribuidora SA and Petroleo Brasileiro SA.The debt is of approximately 8.5 billion Brazilian reais, with base date Dec. 5, 2014, being 3.2 billion reais relating to the supply of gas and the amount of 5.3 billion reais for the supply of oil.Debt will be paid in 120 monthly successive installments, with the first installment due in Feb. 2015, with the balance to be adjusted by Selic rate.The debt is already registered in the financial statements of the aforementioned distribution companies.Eletrobras Board of Directors also approved an agreement relating to the distribution companies Amazonas Energia, Boa Vista, Ceron and Eletroacre, in the amount of approximately, 4.2 billion Brazilian reais, through which the CDE sector state fund recognizes to be debtor of these companies.  Full Article

Petroleo Brasileiro Petrobras SA announces discovery at Colombian Caribbean deep waters
Wednesday, 3 Dec 2014 05:53am EST 

Petroleo Brasileiro Petrobras SA:Announces discovery of natural gas accumulation at Orca - 1 exploratory well, in Tayrona Block, at Colombian Caribbean deep waters, 40 km off the coast of La Guajira.Company is the operator and holds 40 percent interest, in partnership with Ecopetrol (30 percent) and Repsol (30 percent).Well drilling ended in Sept., reaching 4,240 meters and 674 meters of water depth.Natural gas accumulation was confirmed at 3,600 meters and represents the first discovery at Colombian Caribbean deep waters.  Full Article

Petroleo Brasileiro Petrobras SA starts production at St. Malo field
Tuesday, 2 Dec 2014 01:08pm EST 

Petroleo Brasileiro Petrobras SA:Says it started oil and natural gas production at St. Malo field, 450 km from New Orleans, Louisiana.The field is located 2,100 meters under the water surface.The depth of the reservoir is of 8,077 meters.Jack/St. Malo platform, shared by St. Malo and Jack fields, has production capacity of 170,000 barrels of oil a day and 1.2 million cubic meters of natural gas a day.Company sees increasing production rates in the future.  Full Article

Petroleo Brasileiro Petrobras SA starts-up FPSO Cidade de Ilhabelha in Santos Basin pre-salt Sapinhoa field
Friday, 21 Nov 2014 08:03am EST 

Petroleo Brasileiro Petrobras SA:Says that on Nov. 20, the offshore platform Cidade de Ilhabela started-up, in the Santos Basin pre-salt field of Sapinhoa.The platform Cidade de Ilhabela is an FPSO (floating production storage and offloading) vessel.The new unit is part of the set of production projects scheduled for this year as outlined in the company's 2014-2018 Business and Management Plan.The offshore platform was set up at a site where the water depth reaches 2,140 meters, some 310 km off the coast of Sao Paulo state.  Full Article

Petroleo Brasileiro Petrobras approves incorporation of its wholly owned subsidiaries
Tuesday, 18 Nov 2014 06:43am EST 

Petroleo Brasileiro Petrobras SA:Says Board of Directors approved on Nov. 14 incorporation of company's wholly owned subsidiaries Arembepe Energia S.A. and Energetica Camacari Muricy I S.A.  Full Article

UPDATE 1-Brazil's Bradesco says ready to weather corporate defaults

SAO PAULO, Jan 30 - Banco Bradesco SA is prepared to weather an expected wave of corporate defaults and debt restructurings in Brazil, executives said on Friday, expecting strict risk assessment and provision policies to protect the loan book of Brazil's No. 2 private sector lender.

Search Stocks