PBR Petrobras

Petrobras, Diamond Offshore Settle Lawsuit

January 5, 2018

Diamond Offshore Drilling, Inc. (ticker: DO) and Petróleo Brasileiro S.A.-Petrobras (ticker: PBR) agreed on Thursday, January 4, 2018 to settle a pending lawsuit and amend the Ocean Valor drilling contract. In August 2016, a subsidiary of Diamond Offshore Drilling, Inc. received notice of termination from Petrobras of its drilling contract on the Ocean Valor. The drilling contract was originally estimated to conclude in

Petrobras Slashes $32 Billion from Five-Year Expenditure Plan

January 12, 2016

Oil Price Slide, Lower Exchange Rates Force Balance Sheet Adjustment 2015-2019 Plan is $125 Billion Lower than 2010-14 Plan The past year has been one to forget for Petrobras (ticker: PBR), as Brazil’s state owned oil magnate moves on from a messy scandal that has revealed some of the most prominent figures in the government. Aside from the proverbial black

Petrobras Moving Forward with $58 Billion in Asset Sales

November 13, 2015

Union strike costing Brazil $25 million lost revenue per day: Reuters Management of Petrobras (ticker: PBR) indicates there are no changes in its plan to sell $15 billion in assets by year-end 2016, despite a union strike that is restricting production levels. Brazil’s state-owned integrated oil company intends to sell as much as $58 billion overall by 2019, with the

Union Strike the Latest Problem for Petrobras as Production Wanes

November 4, 2015

Estimates: Anywhere from 13% to 25% of Oil Production Loss The slew of problems with Brazil’s Petrobras (ticker: PBR) have been well-documented over the past several months. A widespread corruption scandal has outed high-ranking PBR executives and even government officials, leading to free-falling approval ratings for President (and former Petrobras Chairman) Dilma Rousseff. The company’s debt has ballooned past $120

Petrobras – Day Two Breakout Notes

August 18, 2015

Fernanda Bianchini Egert and Ted Helms, Investor Relations Directors for Petrobras (NYSE: PBR), presented today at EnerCom’s The Oil & Gas Conference 20®. Petróleo Brasileiro S.A., or Petrobras, is a semi-public Brazilian multinational energy corporation headquartered in Rio de Janeiro, Brazil. The company holds roughly 16 billion barrels of proved oil reserves and is producing more than 2.7 million barrels

EnerCom’s 20th Anniversary The Oil & Gas Conference® Begins Aug. 16

August 3, 2015

North America’s Largest Energy-Focused Investor Conference Comes to Denver Aug. 16-20 Conference presenters are operating in more than 40 countries on six continents Enterprise values of presenting companies range from $160 billion to $9 million CNBC and Fox Business to broadcast live coverage from the conference The world’s oil and gas industry will showcase itself to investors in Denver in