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Petroleo Brasileiro SA Petrobras (PBR)

PBR on New York Consolidated

10.35USD
20 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Vantage Drilling International receives letter from U.S. DOJ
Wednesday, 16 Aug 2017 02:09pm EDT 

Aug 16 (Reuters) - Vantage Drilling International::Vantage Drilling International says‍ received letter from U.S. DOJ indicating DOJ closed its FCPA investigation without any action​ - SEC filing.Says ‍investigation arose in 2015 from allegations of improper payments to former officials of Petrobras.‍Says it is co's understanding that parallel investigation by SEC remains open at this time.Says allegations of improper payments to former officials of Petrobras related to contracting of Titanium Explorer Drillship to Petrobras​.  Full Article

Petrobras to sell 7 oil exploration areas in shallow waters
Friday, 28 Jul 2017 06:41pm EDT 

July 28 (Reuters) - Petroleo Brasileiro Sa Petrobras :Brazil's oil company Petrobras announces procedures to divest from 7 oil exploration areas on shallow waters.Petrobras says areas are located in the states of Ceara, Rio Grande do Norte, Sergipe, Rio de Janeiro and Sao Paulo.Petrobras says its share of production in the areas during first semester was 73,000 barrels of oil equivalent per day.  Full Article

Subsea 7 wins $250 mln contrat extensions from Petrobras
Friday, 21 Jul 2017 02:00am EDT 

July 21 (Reuters) - SUBSEA 7 ::SUBSEA 7 AWARDED CONTRACT EXTENSIONS OFFSHORE BRAZIL FOR THREE PIPELAY SUPPORT VESSELS (PLSVS) CURRENTLY ON LONG-TERM DAY-RATE CONTRACTS OFFSHORE BRAZIL. .THESE EXTENSIONS HAVE A COMBINED VALUE OF APPROXIMATELY USD 250 MILLION..FIRM CONTRACT PERIODS FOR SEVEN WAVES, SEVEN RIO AND SEVEN SUN WILL NOW END RESPECTIVELY IN Q2 2021, Q3 2021 AND Q2 2022..CLIENT IS OIL FIRM PETROBRAS<<>>.  Full Article

Statoil raises stake in Brazil licence to 76 pct
Wednesday, 12 Jul 2017 01:05am EDT 

July 12 (Reuters) - Statoil Asa :statoil: statoil strengthens position in brazilian licence bm-s-8 - statoil.com.Statoil to acquire qgep's 10% interest in bm-s-8 licence in brazil's santos basin.Total consideration for transaction is usd 379 million.Additional 10% equity will increase statoil's operated interest in licence from 66% to 76%.Statoil estimates recoverable volumes within bm-s-8 licence to be in range of 700 to 1,300 million barrels of oil equivalent.Acquisition is a further expression of our confidence in brazil, a core area for statoil.Transaction supports our strategy to pursue high value and low carbon opportunities.Strengthens statoil's position for operatorship of unitised carcará field.As with 2016 transaction, half of total consideration will be paid upon closing of transaction, with remainder being paid when certain conditions have been met.These are partly related to licence award, but mainly to future unitisation of carcará.Closing is subject to customary conditions, including partner and government approval.  Full Article

Solstad Farstad awarded contract by Petrobras
Friday, 7 Jul 2017 05:28am EDT 

July 7 (Reuters) - SOLSTAD FARSTAD ASA :CHARTER AGREEMENT.PETROBRAS HAS AWARDED SOLSTADFARSTAD ASA A CONTRACT OF 1 YEAR FOR AHTS BOS TURQUESA.PETROBRAS HAS OPTION TO EXTEND CONTRACT WITH ADDITIONAL 1 YEAR.PETROBRAS HAS OPTION TO EXTEND CONTRACT WITH ADDITIONAL 1 YEAR.COMMERCIAL TERMS OF AGREEMENT WILL BE KEPT PRIVATE AND CONFIDENTIAL BETWEEN PARTIES..  Full Article

Brazil's Petrobras cuts fuels prices, pays back financing
Friday, 30 Jun 2017 05:38pm EDT 

June 30 (Reuters) - Petroleo Brasileiro SA Petrobras :Brazil's oil company Petrobras says has liquidated a $500 million debt with The Bank of Nova Scotia, according to a securities filing.Brazil's Petrobras says has hired new financing with The Bank of Nova Scotia for $750 million due in 2022.Petrobras decided to cut gasoline prices at refineries in Brazil by 5.9 percent.Brazil's Petrobras decided to cut diesel prices at refineries by 4.8 percent.  Full Article

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

Petrobras sets platform deal with Modec, announces Sepia field production delay

RIO DE JANEIRO, Oct 19 Brazil's state oil company Petroleo Brasileiro SA said on Thursday it has set a deal with Japan's Modec Inc to rent a platform for exploration of the Sepia field, whose production will be delayed until 2021.