BMFBOVESPA:PETR3

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Petrobras announced it has signed a new shareholders’ agreement with an investment fund to establish joint control of Braskem, while maintaining its existing ownership stake.

The agreement introduces shared governance, requiring consensus on key decisions and equal representation on both the board of directors and executive board. Petrobras confirmed it will retain a 36.1% stake in total capital, corresponding to 47% of voting shares.

The new structure is expected to take effect following the completion of a related share transfer and includes plans to update Braskem’s bylaws in line with the revised governance framework.

Source: Petrobras Investor Relations
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Author
European Investor 04-24-26
Petrobras announced that it has signed an agreement to acquire a 75% stake and assume operatorship of an offshore exploration block in São Tomé and Príncipe, expanding its presence in Africa.

The transaction involves Block 3, currently operated by Oranto Petroleum Limited, which holds a 90% interest, alongside the National Petroleum Agency of São Tomé and Príncipe with 10%. Upon completion, the consortium will be restructured with Petrobras as operator (75%), Oranto (15%), and ANP-STP retaining its 10% stake.

The move aligns with Petrobras’ strategy to diversify its exploration portfolio and replenish oil and gas reserves through new frontier opportunities and partnerships. The company has been re-expanding its footprint in Africa since 2024 and already holds interests in other blocks in the country.

The deal remains subject to customary conditions, including regulatory approvals in São Tomé and Príncipe, and is part of Petrobras’ broader 2026–2030 business plan.
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Author
WS Investor 04-19-26
Petrobras approved new investments exceeding R$60 billion for its Sergipe Deepwater (SEAP) project, advancing a major offshore oil and gas development in Brazil.

The project includes two FPSO platforms with combined capacity of 240,000 barrels of oil per day and significant gas processing, with production expected to start from 2030.
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Author
WS Investor 04-14-26
Petrobras announced a new hydrocarbon discovery in the pre-salt layer of the Campos Basin, offshore Brazil, strengthening its exploration portfolio in deepwater areas.

The discovery was made at well 1-BRSA-1404DC-RJS in block C-M-477, located about 201 km off the coast of Rio de Janeiro at a water depth of nearly 3,000 meters. Hydrocarbon presence was confirmed through logging data, gas shows, and fluid sampling, with further laboratory analysis planned to assess reservoir quality and commercial potential.

Petrobras operates the block with a 70% stake, alongside bp holding 30%. The company said the discovery aligns with its strategy to replenish oil and gas reserves while supporting energy supply during the transition period.

The map on page 2 of the document highlights the offshore location within the Campos Basin and the block’s positioning relative to existing exploration areas.
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Author
European Investor 04-13-26
Petrobras has signed an agreement with Petronas Petróleo Brasil Ltda. to acquire the remaining 50% stakes in the Tartaruga Verde and Espadarte Module III fields, restoring full ownership.

The $450 million transaction includes an upfront payment of $50 million, $350 million at closing, and up to $50 million in deferred payments tied to future milestones. Upon completion, Petrobras will hold 100% interest in the assets and continue as operator.

The deal is subject to regulatory approval from Brazil’s National Petroleum Agency and aligns with Petrobras’ strategy to consolidate control over key offshore assets in the Campos Basin.
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Author
European Investor 04-11-26
Petrobras announced a new gas discovery at the Copoazu-1 exploratory well in Block GUA-OFF-0, located in deep waters offshore Colombia.

The discovery strengthens the region’s gas potential and supports energy security, with the well situated about 36 km from the coast and near previous Sirius-1 and Sirius-2 discoveries. Gas-bearing intervals were confirmed through logging and fluid sampling, including an additional objective beyond the main target, increasing the significance of the find.

Petrobras operates the block with a 44.44% stake through its subsidiary, alongside Ecopetrol, which holds 55.56%. The discovery aligns with Petrobras’ strategy to expand reserves through new exploration frontiers and partnerships during the energy transition.
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Author
The Investor 03-20-26
Petróleo Brasileiro S.A. – Petrobras announced it will pay the second installment of shareholder remuneration related to fiscal year 2025 on March 20, 2026.

The payment refers to an advance distribution based on the company’s balance sheet as of September 30, 2025 and will be made to shareholders of record on December 22, 2025. The total gross payment amounts to R$0.48585087 per share, consisting of dividends of R$0.29642144, interest on capital of R$0.17518233, and additional Selic rate adjustments applied to both components.
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Author
Global Finance News 03-16-26
Petróleo Brasileiro S.A. – Petrobras said its board approved the company’s participation in Brazil’s diesel commercialization subsidy program created under Provisional Measure No. 1,340.

The program provides an economic subsidy for road diesel sales in Brazil, and Petrobras said joining the initiative is compatible with its business interests given the program’s optional nature and potential financial benefit. The company noted that the formal signing of the agreement will depend on regulatory guidelines from the National Agency of Petroleum, Natural Gas and Biofuels regarding reference pricing needed to implement the subsidy.

Petrobras added that the decision does not change its commercial strategy, which focuses on optimizing refining assets, maintaining market share and sustaining profitability while avoiding the full transfer of international price and exchange-rate volatility to domestic fuel prices.
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Author
The Investor 03-13-26