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Petroleo Brasileiro SA Petrobras (PETR4.SA)

PETR4.SA on Sao Paulo Stock Exchange

26.45BRL
17 Oct 2018
Change (% chg)

R$ -0.28 (-1.05%)
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R$ 26.73
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Latest Key Developments (Source: Significant Developments)

Aker Solutions wins Petrobras order for Libra's Mero field offshore Brazil
Friday, 5 Oct 2018 02:00am EDT 

Oct 5 (Reuters) - Aker Solutions ASA ::REG-AKER SOLUTIONS WINS SUBSEA ORDER FOR LIBRA'S MERO FIELD OFFSHORE BRAZIL.AKER SOLUTIONS HAS SIGNED A CONTRACT WITH PETROBRAS TO PROVIDE A SUBSEA PRODUCTION SYSTEM AND RELATED SERVICES FOR MERO 1 PROJECT WITHIN MERO FIELD DEVELOPMENT, ONE OF THE LARGEST OIL DISCOVERIES IN BRAZIL'S PRE-SALT AREA.COMPANIES ARE NOT DISCLOSING VALUE OF CONTRACT. ORDER WILL BE BOOKED IN Q3 OF 2018.SUBSEA PRODUCTION SYSTEM WILL CONSIST OF 12 VERTICAL SUBSEA TREES DESIGNED FOR BRAZIL'S PRE-SALT, FOUR SUBSEA DISTRIBUTION UNITS, THREE TOPSIDE MASTER CONTROL STATIONS FOR MERO 1 GUANABARA FPSO AND SPARE PARTS.ORDER ALSO INCLUDES INSTALLATION AND COMMISSIONING SUPPORT SERVICES..AKER SOLUTIONS' SUBSEA MANUFACTURING FACILITY IN SÃO JOSÉ DOS PINHAIS AND ITS SUBSEA SERVICES BASE IN RIO DAS OSTRAS WILL CARRY OUT WORK.WORK HAS ALREADY STARTED AND DELIVERIES ARE SCHEDULED FOR 2020. INSTALLATIONS ARE SCHEDULED BETWEEN 2020 AND 2023.FPSO IS SCHEDULED TO COME ON STREAM IN 2021 AND WILL HAVE CAPACITY TO PROCESS UP TO 180,000 BARRELS OF OIL A DAY AND 12 MILLION CUBIC METERS OF GAS A DAY.  Full Article

Aker Solutions wins Brazil contract from Petrobras
Tuesday, 18 Sep 2018 02:00am EDT 

Sept 18 (Reuters) - Aker Solutions Asa ::AKER SOLUTIONS WINS MAJOR SERVICES CONTRACT IN BRAZIL.CONTRACT WILL BE BOOKED IN Q3 2018.THREE-YEAR CONTRACT IS VALUED AT MORE THAN BRL 250 MILLION ($60.48 MILLION) AND INCLUDES AN OPTION FOR A TWO-YEAR EXTENSION.PETROBRAS HAS AWARDED AKER SOLUTIONS A CONTRACT TO PROVIDE MAINTENANCE AND MODIFICATIONS SERVICES FOR NINE PLATFORMS AT OIL AND GAS FIELDS IN CAMPOS BASIN.  Full Article

International Arbitration Tribunal Awards Vantage Drilling $622 mln in Breach of Drilling Contract Claim against Petrobras
Monday, 2 Jul 2018 01:26pm EDT 

July 2 (Reuters) - VANTAGE DRILLING INTERNATIONAL: :VANTAGE DRILLING INTERNATIONAL- INTERNATIONAL ARBITRATION TRIBUNAL AWARDS CO $622 MILLION IN BREACH OF DRILLING CONTRACT CLAIM AGAINST PETROBRAS.VANTAGE DRILLING - TRIBUNAL DISMISSED PETROBRAS ENTITIES' COUNTERCLAIMS AGAINST CO WITH PREJUDICE .VANTAGE DRILLING - TRIBUNAL FOUND UNITS OF PETROBRAS, BREACHED AGREEMENT FOR PROVISION OF DRILLING SERVICES FOR TITANIUM EXPLORER DATED FEB 4, 2009.  Full Article

Petrobras Says Average Selling Price At Refineries And Terminals, In Cash, Without Taxes, To Be Reduced By To R$ 2.0316/Liter
Friday, 1 Jun 2018 01:17pm EDT 

June 1 (Reuters) - Petroleo Brasileiro SA Petrobras ::PETROBRAS - CO'S AVERAGE SELLING PRICE AT REFINERIES AND TERMINALS, IN CASH, WITHOUT TAXES, TO BE REDUCED BY R$ 0.07, TO R$ 2.0316/LITER AS OF TODAY.PETROBRAS SAYS DIFFERENCE IN PRICE, BETWEEN JUNE 1 & JUNE 7, WILL BE REIMBURSED IN KIND BY FEDERAL GOVERNMENT - SEC FILING.PETROBRAS - REDUCTION TO BE MAINTAINED UNTIL JUNE 7, 2018, WITH NO CHANGE IN PERIOD ORIGINALLY SET FOR VOLUNTARY PRICE REDUCTION MADE BY PETROBRAS.PETROBRAS - AVERAGE SALE VALUE WILL BE AFFECTED BY REDUCTION IN TAX BURDEN OF CONTRIBUTIONS TO PIS, COFINS & CIDE-COMBUSTĹVEIS.  Full Article

DOF Subsea wins 3 years Brazil contract for diving vessel
Wednesday, 11 Apr 2018 03:22am EDT 

April 11 (Reuters) - Dof ASA ::TERM DSV CONTRACT IN BRAZIL.DOF SUBSEA HAS BEEN AWARDED A THREE-YEAR FIRM CONTRACT WITH A TWO-YEAR EXTENSION OPTION BY PETROBRAS IN BRAZIL FOR PROVISION OF DIVING SUPPORT VESSEL SKANDI ACHIEVER AND ROV AND DIVING SERVICES.CONTRACT IS SPLIT INTO A TIME CHARTER ELEMENT FOR VESSEL AND MARINE MANAGEMENT SERVICES AND SERVICE ELEMENTS FOR PROVISION OF ROV AND DIVING SERVICES.  Full Article

Vallourec Renews And Reinforces Collaboration With Petrobras By Signing New Long-Term Agreements
Thursday, 5 Apr 2018 02:01pm EDT 

April 6 (Reuters) - VALLOUREC SA ::RENEWS AND REINFORCES COLLABORATION WITH PETROBRAS <<>> BY SIGNING NEW LONG-TERM AGREEMENTS.IN FRAMEWORK OF THE 3-YEAR LONG TERM AGREEMENTS, VALLOUREC WILL SUPPLY PETROBRAS' OPERATIONS WITH OCTG PRODUCTS, ACCESSORIES AND SPECIALIZED SERVICES.PRODUCTS AND ASSOCIATED SERVICES WILL BE USED BY PETROBRAS ON ITS OFFSHORE OIL & GAS EXPLORATION AND PRODUCTION WELLS, LOCATED AT IMPORTANT RESERVOIRS OF PRE-SALT BASIN.PETROBRAS PRODUCTION COMING OUT FROM PRE-SALT AREA ALREADY REPRESENTS MORE THAN 50% OF PETROBRAS TOTAL PRODUCTION.  Full Article

Brazil's Petrobras says dividends this year are more probable - Filing
Monday, 19 Mar 2018 08:02am EDT 

March 19 (Reuters) - Petroleo Brasileiro Sa Petrobras ::BRAZIL'S PETROBRAS SAYS THERE IS HIGHER "PROBABILITY" OF PAYING DIVIDENDS THIS YEAR - FILING.BRAZIL'S PETROBRAS SAYS BOARD CONSIDERING CHANGE IN DIVIDEND POLICY, INCLUDING PAYMENT OF QUARTERLY DIVIDENDS- FILING.BRAZIL'S PETROBRAS SAYS TRIED TO REMOVE "UNCERTAINTIES" THAT IMPACTED COMPANY'S EARNINGS ON FOURTH QUARTER- FILING.  Full Article

Petrobras had record production in Brazil for fourth consecutive year In 2017- Filing
Tuesday, 16 Jan 2018 06:02am EST 

Jan 16 (Reuters) - Petroleo Brasileiro Sa Petrobras ::BRAZIL'S PETROBRAS SAYS OIL PRODUCTION IN BRAZIL REACHED RECORD 2.15 MILLION BPD LAST YEAR.BRAZIL'S PETROBRAS SAYS NATURAL GAS PRODUCTION REACHED 2.65 MILLION BARRELS OF OIL EQUIVALENT PER DAY IN 2017- FILING.BRAZIL'S PETROBRAS SAYS SUBSALT PRODUCTION (WITH PARTNERS) ROSE 26 PERCENT LAST YEAR AND REACHED RECORD 1.29 MILLION BARRELS PER DAY- FILING.PETROBRAS SAYS OIL AND NATURAL GAS PRODUCTION IN BRAZIL IN DECEMBER WAS 2.62 MILLION BARRELS OF OIL EQUIVALENT PER DAY- FILING.PETROBRAS SAYS POSTED PRODUCTION RECORD FOR FOURTH CONSECUTIVE YEAR IN 2017- FILING.  Full Article

Total, Petrobras complete Lapa and Iara concessions deal
Monday, 15 Jan 2018 05:10am EST 

Jan 15 (Reuters) - Total Sa /Petrobras::* Petrobras and Total finalize decisive milestone in the realization of their Strategic Alliance, signed in March 2017.* Transfer from Petrobras to Total of 35% of the rights, as well as the operatorship, of the Lapa field in Block BM-S-9A in the Santos Basin pre-salt, alongside Shell (30%), Repsol-Sinopec (25%) and Petrobras (10%). The Lapa field was put in production in December 2016, via the 100,000 barrel per day capacity Cidade de Caraguatatuba FPSO..* Transfer from Petrobras to Total of 22.5% of the rights of the Iara area, which comprises the Sururu, Berbigão and Oeste de Atapu fields in Block BM-S-11A in the Santos Basin pre-salt, operated by Petrobras (42.5%) alongside Shell (25%) and Petrogal (10%). .* Production in Iara expected to start in 2018 through the 150,000 barrel per day capacity P-68 FPSO in Berbigão-Sururu fields, which will be followed by a second FPSO in 2019 in the Atapu field..* The consideration for the above transactions amounts to US$1.95 billion, including closing adjustments. This amount does not include US$ 400 million that can be triggered by Petrobras to carry a part of its investment share in the Iara development fields and contingent payments.* Transactions give shape to the Strategic Alliance between Petrobras and Total, allowing them to combine their deep-offshore expertise.  Full Article

Engie head comfortable with current govt stake in firm, but could consider other scenarios
Monday, 15 Jan 2018 04:50am EST 

PARIS, Jan 15 (Reuters) - Engie ::* ENGIE CEO KOCHER SAYS PROGRAMME OF 15 BLN OF ASSET SALES NOW 90 PCT COMPLETE.* ENGIE'S KOCHER SAYS ENGIE HAS BUILT 6 GW OF NEW RENEWABLE ENERGY CAPACITY IN PLACE, AND IS BUILDING ANOTHER SIX GW.* ENGIE'S KOCHER SAYS THE SHIFT TO RENEWABLES, GRIDS AND SERVICES HAS IMPROVED ENGIE'S RETURN ON CAPITAL EMPLOYED.* ENGIE'S KOCHER SAYS MESTRALLET TO LEAVE CHAIRMAN POST THIS YEAR, NO COMMENT ON SUCCESSION.* ENGIE'S KOCHER SAYS WE HOPE TO SEE STRONG GROWTH RATE IN OUR KEY INDUSTRIES IN 2018.* ENGIE CEO KOCHER SAYS PETROBRAS IN BRAZIL IS SELLING GAS INFRASTRUCTURE, IT IS AN OPTION WE ARE LOOKING AT.* ENGIE'S KOCHER SAYS HAPPY WITH CURRENT GOVERNMENT STAKE OF 24 PCT IN ENGIE, BUT COULD LIVE WITH OTHER SCENARIOS.  Full Article

UPDATE 1-Brazil's Petrobras, China's CNPC sign accord advancing venture

SAO PAULO, Oct 16 Brazilian state-run oil firm Petroleo Brasileiro SA and China National Petroleum Corp Ltd have signed an agreement to study the economic viability of completing construction of the Comperj refinery in Rio de Janeiro, another step in the Chinese government getting a refining foothold in the Americas.