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Petroleo Brasileiro SA Petrobras (PETR4.SA)

PETR4.SA on Sao Paulo Stock Exchange

24.68BRL
17 May 2019
Change (% chg)

R$ -0.59 (-2.33%)
Prev Close
R$ 25.27
Open
R$ 25.05
Day's High
R$ 25.42
Day's Low
R$ 24.47
Volume
66,818,800
Avg. Vol
59,086,676
52-wk High
R$ 29.60
52-wk Low
R$ 14.17

Latest Key Developments (Source: Significant Developments)

McDermott Awarded EPCI Contract By Petrobras For Sepia Field Project
Tuesday, 14 May 2019 

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 

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 

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 

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 

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 

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 

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
Thursday, 21 Mar 2019 

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

Brazil's Petrobras to use cash position for early debt repayment
Monday, 18 Mar 2019 

March 18 (Reuters) - Petroleo Brasileiro SA Petrobras ::BRAZIL'S OIL COMPANY PETROBRAS SAYS TO USE PART OF ITS CASH POSITION FOR EARLY REPAYMENT OF 7 BILLION REAIS TO BANCO DO BRASIL.Further company coverage: PETR4.SA.  Full Article

Brazil oil regulator predicts over 400 new E&P blocs on permanent offer in 2019
Thursday, 21 Feb 2019 

RIO DE JANEIRO, Feb 21 (Reuters) - Petroleo Brasileiro SA ::HEAD OF BRAZIL OIL REGULATOR ANP DECIO ODDONE SAYS PETROBRAS LPG PRICES ARE NOT IN PARITY WITH IMPORT PRICES, BUT DIESEL AND GASOLINE PRICES ARE.HEAD OF BRAZIL OIL REGULATOR SAYS OVER 400 NEW EXPLORATION AND PRODUCTION BLOCS SHOULD BE PUT ON PERMANENT OFFER THIS YEAR BY ENVIRONMENTAL REGULATOR IBAMA.  Full Article

Petrobras removes three banks from BR Distribuidora privatization -sources

RIO DE JANEIRO/SAO PAULO, May 17 Brazilian state-run oil firm Petroleo Brasileiro SA has removed three banks from the privatization process of fuel distribution unit Petrobras Distribuidora, four sources with knowledge of the matter told Reuters this week.