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| Name | Symbol | Market | Type |
|---|---|---|---|
| Petroleo Brasileiro ADR | NYSE:PBR | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.91 | -5.25% | 16.43 | 16.86 | 16.30 | 16.86 | 26,048,446 | 01:00:00 |
From May 2019 to May 2024
By Alberto Delclaux
Total SA (FP.FR) said Friday that it has agreed to buy a further 10% stake in Brazil's Lapa field from Petroleo Brasileiro S/A (PETR3.BR) for $50 million.
Following the transaction, Total will hold a 45% stake in the oil field, while Royal Dutch Shell PLC (RDSA.LN) will own 30% and Repsol Sinopec the remaining 25%.
French energy company Total also signed an agreement with Brazilian oil major Petrobras to create a joint venture by July 31, 2019. The JV is aimed at developing onshore solar and wind projects with up to 500 megawatts of capacity over the next five years.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
December 21, 2018 06:02 ET (11:02 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
1 Year Petroleo Brasileiro ADR Chart |
1 Month Petroleo Brasileiro ADR Chart |
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