Brazil’s state-controlled oil company, Petrobras, has hedged a portion of its 2018 oil production. The move should protect cash flow against downturns in the marketplace. Bloomberg reported that the company hedged 128 MMBbls, or 350,685 BOPD at an average Brent …
Statoil ASA (ticker: STO) and Petroleo Brasileiro S.A. – Petrobras (ticker: PBR) have agreed that Statoil will acquire a 25% interest in Roncador, a large oil field in the Campos Basin in Brazil.
The transaction nearly triples Statoil’s production in …
Brazil’s state-owned Petrobras (ticker: PBR) saw its stock drop about 5% in the opening minutes of its call as the company reported a 16.5 billion Brazilian reais ($5.1 …
The heads of Brazil’s state-owned Petrobras (ticker: PBR) and French oil major Total (ticker: TOT) announced today that the two companies signed a memorandum of understanding (MOU) to cooperate …
Brazil’s state-owned Petroleo Brasileiro (ticker: PBR) released both its strategic, and business and management plans for 2017 to 2021 as the company looks to rebuild …
The president of Brazil named Pedro Parente chief executive officer of state-led oil company Petroleo Brasileiro SA. It was a move by interim Brazilian President Michel Temer to revamp economic policy and shore up the debt-laden oil producer.
Parente is …
Brazil’s state-owned oil giant, Petroleo Brasileiro (ticker: PBR), reported its first quarter results yesterday, showing a 1.25 billion reais ($358 million) loss in the first three months of the year.…
Bank of China has agreed to loan Russian state-owned gas giant Gazprom (ticker: OGZPY) €2 billion ($2.17 billion). In the company’s press release, Gazprom said the loan was the largest deal in terms …
Petrobras (ticker: PBR, Petrobras.com) will receive a $10 billion loan from the China Development Bank to help pay down the company’s debt coming due this year, according to a …
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, …
Petrobras (ticker: PBR) has made all the headlines for all of the wrong reasons in the last several months, and the company is taking initiatives to shed its image as the …
Petrobras (ticker: PBR) expects to raise US$2.5 billion through the issuance of 100-year global notes, the company announced on June 1, 2015. The notes include an annual yield of 8.45% and were issued at $0.81 on the dollar, enticing about …
The long awaited financial results of supergiant Petrobras (ticker: PBR) were finally issued on April 22, 2015. The end result: $16.8 billion in write-offs, including $2.5 billion in charges directly related to bribery and …
Petróleo Brasileiro S.A. (ticker: PBR), or Petrobras, will release its official Q3’14 financial results in January 2015 without the external auditors report from PricewaterhouseCoopers (PwC). The decision, announced on December 29, 2014, adds that PBR is “committed to releasing …
The hopes for Petrobras (ticker: PBR) investors and Brazil’s pro-business advocates were dashed on October 27, 2014, with the announcement of Dilma Rousseff winning a second term as the country’s president. The challenger, Aecio Neves, fell just short of unseating …
Petrobras (ticker: PBR) announced production for the month of September 2014 increased 0.8% compared to August 2014. Rates totaled 2,781 MBOEPD, up from the previous month’s volume of 2,759 MBOEPD. The increase comes despite a temporary interruption of 44 MBOPD …
