Petroleo Brasileiro S.A.- Petrobras (PBR.A)
News
Halliburton Installs First Downhole Electro-Hydraulic Wet-Connect in Deepwater Brazil
Business Wire HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) today announced a successful installation of the industry’s first single trip, electro-hydraulic wet connect in deepwater for Petrobras in Brazil – a significant achievement in downhole electric completion technology. The Halliburton Fuzion® EH electro-hydraulic downhole wet-mate connector helps increase well recovery factors by maintaining integrity of Halliburton’s SmartWell® completion systems throughout the well’s lifecycle. The Fuzi more…
7 Oil Stocks to Buy as Crude Prices Continue to Rocket
InvestorPlace With Organization of the Petroleum Exporting Countries (OPEC) cutting crude oil production by two million barrels per day, the fundamental framework for oil stocks to buy just turned positive. Naturally, the cut drew criticism from the U.S. as higher hydrocarbon prices helps Russia’s military aggression in Ukraine. As well, price hikes cause pain for consumers. Another factor that will likely bolster oil stocks to buy is the aforementioned war in Ukraine. On the battlefield, the Ukrainians gained significant momentum , retaking vast chunks of territory. Representing an embarrassment to the Russians, the Kremlin decided to double down. Therefore, geopolitical forces will likely constrain supply, which will probably send hydrocarbon energy prices higher. If a silver lining exists, it’s that not all hydrocarbon players represent overbought enterprises. Indeed, the below oil stocks to buy are great names at great prices. CVX Chevron $159.67 SHEL Shell $51.31 ENB Enbridge $35.74 KMI Kinder Morgan $17.20 PBR Petrobras $13.80 SU Suncor Energy $31.27 VLO Valero Energy $117.50 Chevron (CVX) Source: Sundry Photography / Shutterstock.com One of the world’s biggest oil stocks to buy, Chevron (NYSE: CVX ) covers every area of the oil and gas industries. more…
Brazil’s Petrobras studies broader shakeup of executive board, sources say
Financial Post RIO DE JANEIRO — Brazilian state-run oil company Petrobras is studying a broader shakeup of its executive board after having tapped a new head of innovation, sources told Reuters on Monday. New appointments by Petrobras’ CEO, Caio Paes de Andrade, may take place in the coming days, said the sources, who requested anonymity to discuss […] more…
Petrobras announces another R$0.25 gasoline price cut in Brazil
The Rio Times Brazil''s state-owned Petrobras, the largest oil company in Latin America, announced Thursday (Sept. 1) a R$0.25 reduction in the price of gasoline for distributors. The price will drop from R$3.53 to R$3.28 (US$0.65) per liter. This is the third reduction announced by the Rio-based company in 30 days. The new price will be effective from […] more…
Petrobras wins Brazil regulator OK for refinery sale; set for fertilizer plant sale
Seeking Alpha Brazilian antitrust regulator CADE on Tuesday approved the sale of Petrobras'' (PBR) REMAN refinery to Ream, but said the buyer would need to take measures to guarantee that other … more…