Key Developments: Petroleo Brasileiro Petrobras SA (PBR)

PBR on New York Consolidated

14.01USD
17 Apr 2014
Price Change (% chg)

$0.52 (+3.85%)
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$13.49
Open
$13.41
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$14.22
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$13.24
Volume
34,116,471
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24,458,063
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$19.65
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Latest Key Developments (Source: Significant Developments)

Petroleo Brasileiro Petrobras SA sells 10 pct stake in Norte Fluminense thermal power plant
Monday, 14 Apr 2014 07:55am EDT 

Petroleo Brasileiro Petrobras SA:Says it has signed contract with Grupo Electricite de France (EDF) for sale of its 10 percent stake in thermal power plant Usina Termeletrica Norte Fluminense (NTF).Grupo EDF holds 90 percent stake in NTF.  Full Article

Petroleo Brasileiro Petrobras SA's 7-SPH-04-SPS well enters into production
Monday, 7 Apr 2014 08:08am EDT 

Petroleo Brasileiro Petrobras SA:Says on April 3 the 7-SPH-04-SPS well located in Sapinhoa field, in Pre-Salt Polo of Santos Basin, entered into production.  Full Article

Petroleo Brasileiro Petrobras SA updates value per share for FY 2013 own capital interests
Thursday, 3 Apr 2014 08:36am EDT 

Petroleo Brasileiro Petrobras SA:Updates value per share for own capital interests for FY 2013 to 0.5347 Brazilian real per ordinary share and 0.9914 real per preferred share.Record date April 2.Ex-interest date April 3.  Full Article

Standard & Poor’s lowers Petroleo Brasileiro Petrobras SA's credit rating
Wednesday, 26 Mar 2014 07:49am EDT 

Petroleo Brasileiro Petrobras SA:Says Standard & Poor’s (S&P) has lowered the company's long-term credit rating in foreign currency to BBB-, from BBB.Outlook is stable.According to S&P, this is due to recent downgrade of rating of Brazil's sovereign long-term credit in foreign currency.  Full Article

Petroleo Brasileiro Petrobras SA's P-58 platform enters into operation
Tuesday, 18 Mar 2014 10:42am EDT 

Petroleo Brasileiro Petrobras SA:Says P-58 production platform entered into operation on March 17 in Parque das Baleias, Campos Basin.  Full Article

Petroleo Brasileiro Petrobras SA concludes drilling of Pitu well in consortium
Thursday, 13 Mar 2014 08:05am EDT 

Petroleo Brasileiro Petrobras SA (Petrobras):Says it concluded the drilling of the exploration well 1-BRS-A-1025-RNS (1-RNS-158), informally known as Pitu, located in the offshore of Potiguar basin, in Brazil.Results proved the discovery, already announced on Dec. 17, 2013, of oil in deepwaters of that basin.Well is located about 55 kilometers off the coast of Rio Grande do Norte state, at a water depth of 1,731 meters.Well reached the final depth of 5,353 meters and found an hydrocarbon column of 188 meters.Formation test was also performed, which confirmed the good permeability and porosity conditions of the reservoir.In the Potiguar basin, Galp Energia holds a 20 percent stake in the consortium that explores BM-POT-17, through its subsidiary Petrogal Brasil, whereas Petrobras, the operator, holds the remaining stake of 80 percent.Following the ongoing farm-out process between Petrobras and BP Energy do Brasil, and after the approval by ANP, BP Energy do Brasil will hold a 40 percent stake, and Petrobras will hold a 40 percent stake and will continue to be the operator of the block.  Full Article

Petroleo Brasileiro Petrobras SA prices global notes
Tuesday, 11 Mar 2014 07:45am EDT 

Petroleo Brasileiro Petrobras SA:Says it has priced different tranches, registered in SEC (US Securities and Exchange Commission), of global notes in dollars ($), issued by the company’s wholly-owned subsidiary, Petrobras Global Finance BV.Bank of China (Hong Kong) Limited, BB Securities Ltd, Banco Bradesco BBI SA, Citigroup Global Markets Inc, HSBC Securities (USA) Inc and J.P. Morgan Securities LLC are the lead coordinators of the transaction.Banca IMI S.p.A. and Scotia Capital (USA) Incact as co-managers.Terms of the transactions are as follow: $1,600,000,000 global notes, maturing on March 17, 2017, with coupon of 3.25 percent; $1,400,000,000 global notes, maturing on March 17, 2017; $1,500,000,000 global notes, maturing on March 17, 2020, with coupon of 4.875 percent.Terms of another transactions are as follow: $2,500,000,000 global notes, maturing on March 17, 2024, with coupon of 6.25 percent; $500,000,000 global notes, maturing on March 17, 2020, and $1,000,000,000 global notes, maturing on March 17, 2044, with coupon of 7.25 percent.  Full Article

Petroleo Brasileiro Petrobras SA announces own capital interest payment
Monday, 10 Mar 2014 03:38pm EDT 

Petroleo Brasileiro Petrobras SA:Says it will submit to general meeting to be held on April 2 a proposal of own capital interest payment in the amount of 9,301,024,110.44 Brazilian reais, corresponding to 0.5217 real per ordinary share and 0.9672 real per preferred share.Record date April 2.Shares traded ex0interests as of April 3.  Full Article

Petroleo Brasileiro Petrobras SA to incorporate three wholly-owned subsidiaries
Thursday, 27 Feb 2014 06:34am EST 

Petroleo Brasileiro Petrobras SA:Says it has approved proposals for incorporation of its wholly-owned subsidiaries, Termoacu SA, Termoceara Ltda and Companhia Locadora de Equipamentos Petroliferos - CLEP.  Full Article

Petroleo Brasileiro Petrobras SA's new well in Sapinhoa field enters into production
Thursday, 20 Feb 2014 10:28am EST 

Petroleo Brasileiro Petrobras SA:Says on Feb. 18 the 9-SPS-77A well located in the Sapinhoa field, the Polo Pre-Salt Santos Basin, entered into production.  Full Article

Brazil's Campos targets taxes, Petrobras to boost economy

SAO PAULO - Eduardo Campos, the centrist former state governor running third in Brazil's presidential race, plans to lower the tax burden and set a formula to automatically raise fuel prices at state-run oil company Petrobras if he wins the October election.

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