Key Developments: Petroleo Brasileiro Petrobras SA (PBR)

PBR on New York Consolidated

17.55USD
20 Aug 2014
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$0.09 (+0.52%)
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Latest Key Developments (Source: Significant Developments)

Galp Energia SGPS SA informs about preliminary results obtained during drill of Apollonia in consortium with Petroleo Brasileiro Petrobras SA
Wednesday, 13 Aug 2014 08:39am EDT 

Galp Energia SGPS SA:Informs, as partner of consortium for exploration of Block BM-S-24, that the preliminary results obtained during the drilling of well 3-BRSA-1246-RJS (3-RJS-732), informally known as Apollonia, have confirmed the presence of hydrocarbons and extension of Jupiter discovery in pre-salt Santos basin.Apollonia is the fourth well drilled in the Jupiter area, where it is being drilled in ultra-deep waters, at a water depth of 2,183 meters, located at 296 km off the coast of Rio de Janeiro, in Brazil, and at 8 km southwest from the Jupiter discovery well (1-RJS-652A).Drilling activities have proved the existence of an hydrocarbon gross column of c.313 meters, from 5,166 meters depth, in rocks presenting good porosity and permeability conditions.Besides the gas cap and condensates, the well identified an oil gross column of c.87 meters.Samples collected from well confirmed similarity of fluids characteristics discovered in the first discovery well 1-RJS-652A (Jupiter) and 3-RJS-683A (Jupiter NE) and 3-RJS-713 (Bracuhy) extension wells, indicating existence of a large common field, gas (natural gas and CO2), condensates and oil.Galp Energia, through its subsidiary Petrogal Brasil, owns a 20 pct stake in the consortium that explores Block BM-S-24, while Petroleo Brasileiro Petrobras SA (operator) holds the remaining 80 pct stake.  Full Article

Petroleo Brasileiro Petrobras SA sells 44.5 pct stake in Transierra SA
Wednesday, 6 Aug 2014 07:45am EDT 

Petroleo Brasileiro Petrobras SA:Sells its 44.5 pct stake in Transierra SA to Yacimientos Petroliferos Fiscales Bolivianos for $106.7 million.  Full Article

Petroleo Brasileiro Petrobras SA in talks for sale of 40 pct stake in Gasmig
Thursday, 17 Jul 2014 07:41am EDT 

Petroleo Brasileiro Petrobras SA:Says it is in negotiations with Cemig - Companhia Energetica de Minas Gerais for the sale of its 40 pct stake in Gasmig.  Full Article

Standard & Poor’s reaffirms Petroleo Brasileiro Petrobras SA's rating
Monday, 19 May 2014 08:04am EDT 

Petroleo Brasileiro Petrobras SA:Says Standard & Poor’s has reaffirmed the company's credit rating at BBB- with stable outlook.  Full Article

Petroleo Brasileiro Petrobras SA's P-62 production platform enters into operation
Monday, 12 May 2014 11:56am EDT 

Petroleo Brasileiro Petrobras SA:Says P-62 production platform entered into operation on May 12 in Roncador field, Campos Basin.  Full Article

Petroleo Brasileiro Petrobras SA's 7-LL-22D-RJS well enters into production
Monday, 12 May 2014 07:51am EDT 

Petroleo Brasileiro Petrobras SA:Says on May 9 the 7-LL-22D-RJS well located in the Lula field, in the Polo Pre-Sal of Santos Basin, entered into production.  Full Article

Petroleo Brasileiro Petrobras SA concludes drilling of Entorno de Iara 3 well
Friday, 9 May 2014 08:35am EDT 

Petroleo Brasileiro Petrobras SA (Petrobras):Says it has concluded the drilling of the last exploration well 4-BRSA1226-RJS (4-RJS-728), informally known as Entorno de Iara 3, located in the pre-salt of Santos Basin, in Brazil.Well is located about 241 kilometers off the coast of Rio de Janeiro state, at a water depth of 2,244 meters.Well reached the final depth of 5,875 meters and found oil of 27 API gravity degrees in the carbonate reservoirs.  Full Article

Petroleo Brasileiro Petrobras SA announces own capital interest payment
Tuesday, 22 Apr 2014 07:48am EDT 

Petroleo Brasileiro Petrobras SA:Says on April 25 it will pay first installment of shareholders' remuneration for fiscal year 2013 as own capital interests.Record date April 2.Value per ordinary share 0.53808 Brazilian real.Value per preferred share 0.99757 real.  Full Article

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

Brazil sugar maker Sao Martinho's profit jumps 75 percent

SAO PAULO, Aug 12 - Sao Martinho, a Brazilian sugar and ethanol producer, reported a quarterly net profit of 60.7 million reais ($27 million), up 75 percent from a year earlier, due to improved cane crushing volumes.

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