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 Petroleo Brasileiro SA

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updated Mon. April 15, 2019

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Rio de Janeiro, 27 April (Argus) — Brazil's state-controlled Petrobras is promoting the sale of 60pc stakes in four domestic refineries, giving interested parties until 21 May to request further information on the assets. Petrobras on 19 April unveiled a regional cluster model it will use to sell downstream assets ...
Petroleo Brasileiro S.A. – Petrobras (PBR) has made its way to a 12-month gain of 54.23%. Turning to PagSeguro Digital Ltd. (NYSE:PAGS), its shares were trading at $33.85 a gain of $1.32, on the trading floor. The stock, after opening at $32.65, touched a high of $34.15 before paring much of its gains.

The quiet revolution taking place at Brazilian oil company Petrobras has occurred without bloodletting among the group of directors inherited by chief executive Pedro Parente, so the one notable addition to the board, corporate affairs director Eberaldo de Almeida Neto, catches the eye. Eberaldo, as he is ...
The sale of TAG, which spans ten Brazilian states, could be Petrobras' largest to date, accounting for more than a third of the state-controlled energy company's $21 billion divestment target. Petroleo Brasileiro, as the oil producer is formally known, Macquarie, EIG, Itausa, CPPIB and Silk Road Fund ...
Brazil's Petrobras could cede control of four refineries but hold on to another nine facilities, the state-owned energy company said in a presentation. Petrobras said it is considering selling 60% stakes in two blocks of refineries in northeastern and southern Brazil. The northeastern block has two refineries ...
Pedro Parente, president of Petrobras, said, “Our partnership is based on common values and business principles that guide both companies. We started by joining forces in the last bidding rounds and now we are working to expand the partnership further, beyond upstream.” Bob Dudley, BP CEO, said, ...

More than 1 billion francs or $1.03 billion tied to the Petrobras corruption scandal have flowed into Swiss bank accounts. Switzerland's federal prosecutor is struggling with dozens of related enquiries. The Petrobras corruption scandal hangs like a Damocles sword over the Swiss banks entangled in the ...
The sale of TAG, which spans ten Brazilian states, could be Petrobras' largest to date, accounting for more than a third of the state-controlled energy company's $21 billion divestment target. Petroleo Brasileiro SA, as the oil producer is formally known, Macquarie, EIG, Itausa, CPPIB and Silk Road Fund ...
Brazilian oil giant Petrobras has invited a quartet of companies to battle it out in a multi-million-dollar tender to provide a rigid riser-based solution for the development of its flagship Mero (Libra) field in the Santos basin pre-salt province. Petrobras has called Subsea 7, McDermott International, Allseas and ...
BP and Petrobras have signed a memorandum of understanding and committed to exploring potential joint commercial agreements in upstream, downstream, trading and across low carbon initiatives, inside and outside Brazil. The alliance is also expected to include the transfer of technology, as well as ...
Despite uncertainties over wide-open elections in October, investors in Brazil's oil sector can expect the country to continue to pursue policies supportive of the oil and gas industry, the chief executive of Brazil's state-controlled oil firm Petrobras, Pedro Parente, said in an interview with S&P Global Platts ...
... been supplying fuels and lubricants, discovering oil and gas as well as developing biofuels. Currently, BP and Petrobras are partners in 16 exploration blocks in the country. Recently, the companies obtained exploration and production rights for two more blocks offshore Brazil in the Santos pre-salt basin
Brazil's Petrobras has received an additional five years to conclude exploration activities on Block BM-ES-21 in the offshore portion of the Espirito Santo basin and file a declaration of commerciality for its Malombe discovery. Petrobras and project partner Repsol Sinopec made the Malombe natural gas find ...
Norwegian offshore vessel operator Solstad Farstad has been awarded a contract by Petrobras for two of its AHTS vessels. The 2001-built Far Scout and the 2007-built Bos Turquesa have received a one-year firm contract to support exploration and production activities in Brazilian continental shelf.
Petrobras has taken a DOF Subsea dive support vessel on a long-term charter in Brazil a day after booking another unit with a related Norwegian owner. The Brazilian state oil giant has chartered the Skandi Achiever for a firm period of three years, with a two-year extension option.
SAO PAULO, April 4 (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro said on Wednesday that minority shareholders had named new candidates to represent them on the board, replacing those announced last month. Shareholders Fundo de Investimento em Acoes Dinamica Energia and ...
A move by Brazil's state-owned oil company Petrobras to increase efficiency in vessel chartering has been anything but, say shipbrokers. In the wake of Operation Car Wash that investigated a widespread kickback scheme, which had engulfed shipping and offshore companies, Petrobras moved nearly all ...

(RTTNews) - The Brazilian government and the state-owned oil company Petrobras are expected to announce in the next few days an agreement on the renegotiation of their transfer of rights deal, said the Minister of Mines and Energy Fernando Coelho Filho. With the potential breakthrough, the Brazilian ...
According to Reuters, Petroleo Brasileiro (Petrobras) – the Brazilian state-run oil company – is currently considering an offer for two of its fertilizer factories. The company is reportedly considering the offer for its UFN III and Araucaria factories as it plans to exit the fertilizer business. This latest announcement ...
The Macquarie Group Ltd. is financing a bid on Petrobras assets using financial assistance from Bank of America and Banco Bradesco, according to a new report by Bloomberg. The bridge-loan could be as big as $6 billion, though it will mostly be offered in reais, Brazil's main currency, in order to avoid ...
One stock that might be an intriguing choice for investors right now is Petroleo Brasileiro S.A. - Petrobras PBR . This is because this security in the Oil and Gas - Integrated - Emerging Markets space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank ...
Petroleo Brasileiro SA, which owns 13 out of the 16 refineries in the country, cut the prices of diesel by 47 per cent and petrol by 38 per cent at the refinery gate since January. As a result, diesel imported from the US and petrol from Europe arrives at higher prices than the locally produced fuels. Diesel imports have slowed to ...
The company had a loss of 5.5 billion reais ($1.7 million) in the last three months of 2017, the Rio de Janeiro-based company said. For the full year, Petrobras reported a net loss of 446 million reais. Petrobras said it would have had a net profit of 7.1 billion reais in 2017 without the extraordinary payments.
RIO DE JANEIRO, March 15 (Reuters) - Brazil'sPetroleo Brasileiro SA posted a significant net loss in the fourth quarter of last year, as a major class action settlement with U.S. shareholders weighed on results. Petrobras, as the company is known, posted a net loss of 5.477 billion reais ($1.68 billion), versus ...
(RTTNews) - Brazilian state-owned oil company Petrobras' net loss totaled R$ 5.477 billion (US$ 1.68 billion) in the fourth quarter of 2017, after a R$ 2.51 billion net profit a year earlier, hurt by an agreement to end a collective class action against the company in the United States. According to the oil ...
Petrobras, Brazil's state oil company, announced it will sell two offshore oil fields, one in production and one not yet developed. The fields, Piranema and Piranema Sul, are located in deep water in the Sergipe-Alagoas basin off Brazil's northeast coast. Petrobras is selling its entire stake in both. Piranema ...
Petrobras (NYSE:PBR) is an attractive stock for growth investors within the Oil & Gas Production industry due to its substantial discount, solid growth potential and also a favorable future payout. The company has robust growth prospects upheld by a solid trend in the industry and its favorable Business and ...
Petrobras is likely to witness output gains on the back of its encouraging portfolio of investments, particularly in Brazil's pre-salt reservoirs. In fact, Petrobras released an output update in January 2018, wherein it announced the production of 2.15 million barrels per day (bpd) of oil in 2017, higher than 2016's ...
SAO PAULO, March 8 (Reuters) - Brazil's state-run oil company Petroleo Brasileiro said on Thursday that it will invest 137 million reais ($42 million) this year in the Presidente Bernardes refinery in the industrial hub of Cubatao, about 40 kilometers (25 miles) southeast of metropolitan Sao Paulo. The money ...
Petrobras, which has restructured its management team in the wake of the scandal, is working to boost accountability through employee training and other means of oversight. Parente said the company is also working to dismantle an internal sense of hierarchy that discouraged employees from sharing ...
Brazil's former national President Luiz Inacio Lula da Silva has been admitted to jail in Curitiba, southern Brazil, pending an appeal of his conviction for charges of corruption in connection to the Petrobras probe. Lula, who served two terms (2003-2011) in the highest office in the land, is a charismatic ...
In the framework of these three-year long-term agreements Vallourec will supply Petrobras' operations with premium seamless OCTG products and ... The products and associated services will be used by Petrobras on its offshore Oil & Gas exploration and production wells, located at the important ...
Brazil's Petrobras posted a net loss of 446 million Brazilian reais ($143 million) last year, as a $2.95 billion settlement of a class action by US investors weighed on the company's results. A second settlement, this time with Brazilian tax authorities, resulted in another exceptional charge of 10.4 billion reais, ...
It's time to take an in-depth technical look at Petroleo Brasileiro S/A ADR (NYSE:PBR) . Our goal here today is to examine how the stock is behaving so we can use that examination as a lens through which to evaluate the stock as a possible investment opportunity. Technical analysis is predicated on the ...
Brazil's state-controlled oil company, Petrobras, included articles in its bylaws which force the government to indemnify the company in the event of damages due to subsidies on fuel prices or investments related to public interest. The measure attempts to shield the company's price policy, which establishes ...
Brazil's troubled state oil firm Petrobras has started the process of selling its refinery at Pasadena, Texas, according to Reuters. The sale is part of Petrobras' divestiture of assets which it is doing in a bid to improve its balance sheet after the damage caused by the huge bribes-for-inflated-contracts corruption ...
Challenges posed by the hostile environmental characteristics of Brazilian presalt oil and gas fields have prompted Petrobras to weigh use of rigid risers instead of flexible risers, which are mostly used by the company offshore Brazil. Such characteristics include polluting gases, specifically CO2.
HOUSTON -- Aker Solutions won a contract to provide maintenance and modifications services for three platforms at Petrobras-operated oil and gas fields offshore Brazil, expanding its business in a key international market. The four-year contract is valued at about NOK 800 million and includes an option ...
Petrobras said it will soon consider offers from companies interested in the plant, located about 15 miles east of Houston, following the refinery's involvement in the ongoing probe known as Operation Car Wash. The investigation has exposed widespread corruption among politicians and companies in ...
Petrobras, Brazil's state-controlled oil company, is attempting to sell its Pasadena refinery, which came under scrutiny during a sweeping investigation of fraud and corruption. The company announced it will soon field non-binding offers from companies interested in purchasing the facility, capable of ...
Petrobras is preparing to launch a tender for its 110,000-bpd refinery in Pasadena, Texas, the company said this week. The facility has become notorious as it was an object of investigation as part of Operation Car Wash, which looked into graft practices linking former president Dilma Rousseff, various ...
PricewaterhouseCoopers Brazil, the auditor of Petroleo Brasileiro SA-Petrobras, agreed to pay an additional $50 million to settle a class-action lawsuit led by Universities Superannuation Scheme, London, against the oil producer, the £60 billion ($84.7 billion) pension fund said in a news release Monday.
Brazilian integrated oil and gas company Petroleo Brasileiro SA (Petrobras) intends to raise $2bn through the public offering 5.75% senior unsecured notes due 1 February 2029. Petroleo Brasileiro expects to receive approximately $1.96bn in net proceeds through the transaction. The notes are priced at ...
The new settlement was disclosed yesterday in federal court filings, which also said lawyers for the investors plan to seek up to $285M in fees. PBR has denied wrongdoing and has maintained it was a victim of misconduct by former executives; in the court filing, the company said it reserves the right to ...
Petrobras has not performed as strongly as its peers because of the considerable risks associated with the energy major. Ecopetrol has a history of greater autonomy from the government than most state-owned oil majors in Latin America. Ecopetrol's oil reserves are very low for a major integrated energy ...
The tender support vessel Safe Scandinavia is working for Statoil at Oseberg East in the Norwegian North Sea on a firm contract that runs through end-June. The Safe Notos started a three-year, 222-day contract last month for Petrobras off Brazil. Elsewhere, the Safe Boreas is on a 13-month contract for ...
Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) closed its last session at $12.16. The stock traded within a range of $12.01 and $12.18. The company operates in the Energy sector with a market capitalization of 76.54 Million. Trading volume for Petroleo Brasileiro S.A. – Petrobras was 15.71 Million in its ...
Petrobras has completed transfer of its assets to Total under the first phase of a strategic alliance. Under the deal, Petrobras transferred 35% of its rights and operatorship in the Lapa field of Block BM-S-9A in the Santos Basin pre-salt, to Total. Following this deal, Total now holds the rights alongside Shell ...
French oil major Total and Brazilian national Petrobras have finalized the US$1.95 billion transfer of interests in the pre-salt Santos Basin from Petrobras to Total. The companies called the move a “decisive milestone” in a strategic alliance they signed in March 2017 to combine their deep offshore expertise ...
Petroleo Brasileiro S.A.- Petrobras logo Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) has earned a consensus recommendation of “Hold” from the eleven brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ...


 

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