Edition:
United States

Petroleo Brasileiro SA Petrobras (PETR4.SA)

PETR4.SA on Sao Paulo Stock Exchange

27.13BRL
9:25am EDT
Change (% chg)

R$ 0.07 (+0.26%)
Prev Close
R$ 27.06
Open
R$ 27.08
Day's High
R$ 27.15
Day's Low
R$ 26.96
Volume
3,200,000
Avg. Vol
58,395,070
52-wk High
R$ 29.60
52-wk Low
R$ 14.17

Latest Key Developments (Source: Significant Developments)

Brazil Supreme Court delays privatization ruling to Wednesday
Thursday, 30 May 2019 01:49pm EDT 

BRASILIA, May 30 (Reuters) - Petroleo Brasileiro SA Petrobras ::BRAZIL SUPREME COURT PRESIDENT TOFFOLI SAYS COURT WILL NOT DECIDE ON PETROBRAS PRIVATIZATIONS TODAY, WILL ONLY HEAR TESTIMONY FROM INTERESTED PARTIES.BRAZIL SUPREME COURT PRESIDENT SAYS COURT TO DECIDE ON PRIVATIZATIONS ON WEDNESDAY.  Full Article

Vantage Drilling Awarded $734 Mln Related To Dispute With Petroleo Brasileiro
Friday, 24 May 2019 06:42am EDT 

May 24 (Reuters) - Vantage Drilling::VANTAGE DRILLING INTERNATIONAL-ON MAY 22, DISTRICT COURT CONFIRMED ARBITRATION AWARD OF ABOUT $734 MILLION RELATED TO DISPUTE WITH PETROLEO BRASILEIRO (CORRECTS SYNTAX).  Full Article

McDermott Awarded EPCI Contract By Petrobras For Sepia Field Project
Tuesday, 14 May 2019 07:00am EDT 

May 14 (Reuters) - McDermott International Inc ::MCDERMOTT AWARDED EPCI CONTRACT BY PETROBRAS FOR SEPIA FIELD PROJECT.MCDERMOTT - AWARD OF A SIGNIFICANT CONTRACT BY PETROBRAS FOR ENGINEERING, PROCUREMENT, CONSTRUCTION AND INSTALLATION OF SUBSEA RISERS AND FLOWLINES.MCDERMOTT INTERNATIONAL - ENGINEERING WORK EXPECTED TO BEGIN IMMEDIATELY, AND CONTRACT WILL BE REFLECTED IN MCDERMOTT'S Q2 2019 BACKLOG.  Full Article

Petroleo Brasileiro SA Files For Offering Of Up To 241.34 Mln Shares
Thursday, 9 May 2019 07:19am EDT 

May 9 (Reuters) - Petroleo Brasileiro SA Petrobras ::PETROLEO BRASILEIRO SA FILES FOR OFFERING OF UP TO 241.34 MILLION COMMON SHARES BY SELLING SHAREHOLDER - SEC FILING.  Full Article

Petrobras sees pre-salt share of oil output rising to 60 pct by year's end
Wednesday, 8 May 2019 01:30pm EDT 

May 8 (Reuters) - Petroleo Brasileiro SA Petrobras ::BRAZIL'S PETROBRAS CEO SAYS STUDIES REGARDING PARTNERSHIP WITH CNPC TO BE COMPLETED IN AUGUST.PETROBRAS CEO SAYS CO WILL SELL MINORITY STAKES IN TAG AND NTS PIPELINE UNITS UPON CLOSING TRANSACTION WITH ENGIE AND CDPQ.PETROBRAS CEO SAYS HE WAS SURPRISED AT LOW LEVEL OF INVESTMENT BY CO IN FIRST QUARTER.PETROBRAS CEO SAYS CO 'SIMPLY ACQUIRED INFORMATION PACKETS' ABOUT PRODUCTION AND EXPLORATION ASSETS IN ISRAEL AND GUYANA, HAS NO INTENTION OF ACTUALLY INVESTING OUTSIDE BRAZIL.PETROBRAS EXEC SAYS OIL PRODUCTION COMING FROM PRE-SALT AREA WILL RISE TO 60 PERCENT AT YEAR-END FROM 49 PERCENT IN Q1.  Full Article

Petrobras Head Of Downstream Says Co Will Publish Teaser To Sell Refineries At The End Of June
Wednesday, 8 May 2019 11:03am EDT 

May 8 (Reuters) - Petroleo Brasileiro SA Petrobras ::PETROBRAS HEAD OF DOWNSTREAM SAYS CO WILL PUBLISH TEASER TO SELL REFINERIES AT THE END OF JUNE.PETROBRAS CEO SAYS GOAL OF RETURN ON CAPITAL DEPLOYED OF 11 PERCENT IS AGGRESSIVE, BUT FEASIBLE.PETROBRAS CEO SAYS CO WILL ANALYZE WHY THE COMPANY IS NOT DEPLOYING CAPEX AS FAST AS FORECAST.PETROBRAS CEO SAYS PLANS TO SELL REMAINING MINORITY STAKES IN TAG AND NTS GAS PIPELINE UNITS AS SOON AS POSSIBLE.  Full Article

Brazilian Antitrust Watchdog Cade Approves Sale Of Pipeline Unit Tag To Engie, Canadian Pension Fund CPQD- Official Gazette
Wednesday, 8 May 2019 10:34am EDT 

May 8 (Reuters) - Petroleo Brasileiro SA Petrobras ::BRAZILIAN ANTITRUST WATCHDOG CADE APPROVES SALE OF PIPELINE UNIT TAG (NOT CADE) TO ENGIE, CANADIAN PENSION FUND CPQD- OFFICIAL GAZETTE.BRAZIL'S CADE SAYS TAG SALE WILL FAVOR COMPETITION IN NATURAL GAS TRANSPORTATION, CURRENTLY DOMINATED BY STATE-CONTROLLED PETROBRAS.  Full Article

Brazil oil production in March was 2.56 million bpd
Friday, 3 May 2019 09:55am EDT 

May 3 (Reuters) - Petroleo Brasileiro SA Petrobras ::BRAZIL OIL PRODUCTION IN MARCH WAS 2.56 MILLION BPD, 2.8 PERCENT HIGHER THAN IN FEBRUARY AND 0.1 PERCENT HIGHER THAN A YEAR EARLIER -ANP.BRAZIL NATURAL GAS PRODUCTION IN MARCH WAS 111 MILLION CUBIC METERS PER DAY, 1.2 PERCENT HIGHER THAN IN FEBRUARY AND 4.2 PERCENT HIGHER THAN A YEAR EARLIER -ANP.BRAZIL OIL AND NATURAL GAS PRODUCTION IN MARCH WAS 3.261 BARRELS OF OIL EQUIVALENT PER DAY. 1.936 MILLION BOE/D CAME FROM PRE-SALT REGION -ANP.PETROBRAS OIL AND GAS PRODUCTION IN BRAZIL IN MARCH WAS 2.426 MILLION BOE/D COMPARED TO 2.473 MILLION BOE/D A YEAR EARLIER -ANP.SHELL OIL AND GAS PRODUCTION IN BRAZIL IN MARCH WAS 427,400 BOE/D COMPARED TO 405,100 BOE/D A YEAR EARLIER -ANP.  Full Article

Petrobras Announces Early Tender Results And Early Settlement For Cash Tender Offers
Tuesday, 26 Mar 2019 08:37am EDT 

March 26 (Reuters) - Petroleo Brasileiro SA Petrobras ::PETROBRAS ANNOUNCES EARLY TENDER RESULTS AND EARLY SETTLEMENT FOR CASH TENDER OFFERS.PETROBRAS - EARLY SETTLEMENT DATE ON WHICH PGF WILL MAKE PAYMENT FOR NOTES ACCEPTED IN WATERFALL OFFERS IS EXPECTED TO BE MARCH 27, 2019.  Full Article

Brazil's Petrobras says council rules against Co in tax case
Wednesday, 20 Mar 2019 06:01pm EDT 

March 20 (Reuters) - Petroleo Brasileiro SA Petrobras ::BRAZIL'S PETROBRAS SAYS GOVERNMENT TAX COUNCIL (CARF) RULED AGAINST CO IN CASE REGARDING 2.2 BILLION REAIS TAX BILL.BRAZIL'S PETROBRAS SAYS PLANS TO APPEAL TAX RULING; SAYS DECISION DOES NOT CHANGE EXPECTATION OF POSSIBLE LOSSES IN CASE.  Full Article

Photo

Petrobras receives highest bid for offshore oilfields from Brazil Ouro Preto: sources

SAO PAULO Brazilian energy company Ouro Preto Oleo e Gas delivered the highest bid to acquire a pair of Brazilian oil clusters from state-run oil company Petroleo Brasileiro SA, two sources with knowledge of the matter said.