Latin American Markets: Brazilian shares fall to three-month low; Mexico ends higher
Market Watch (Free subscription) | 07/18/2008
Brazilian stocks are hit, paced by market heavyweights Petroleo Brasileiro SA and Companhia Vale do Rio Doce.
Petroleo Brasileiro
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Oil workers in Brazil may call nationwide strike: report
Market Watch (Free subscription) | 07/16/2008
NEW YORK (MarketWatch) -- The Brazilian Oil Workers Federation, or FUP, has threatened to launch a nationwide strike against state-run energy giant Petroleo Brasileiro , or Petrobras, Dow Jones Newswires reported on Tuesday. FUP leaders also approved a 48-hour work slowdown across Brazil, which will start Thursday and is in support of striking platform workers in the Campos Basin, the report said....
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Output back at capacity despite strike: Petrobras
Globe and Mail (Free subscription) | 07/16/2008
Petroleo Brasileiro SA said yesterday its oil production was back at full capacity, despite a strike by its workers that had helped to push up world oil prices in recent days. A spokesman for Petrobras said output was expected to remain at full capacity until the end of the five-day strike, which started at midnight Sunday. The Campos Basin affected by the strike accounts for more than 80 per cent...
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Transocean awarded $3B in Petrobras contracts
The Houston Business Journal (Free subscription) | 07/15/2008
Transocean Inc. has been awarded four contracts by Brazilian state oil company Petroleo Brasileiro SA together worth about $3 billion. (RIG)
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Petrobras inks $3 bln in contracts with Transocean
Houston Chronicle (Free subscription) | 07/15/2008
Transocean, the world's largest offshore oil driller, agreed to lease four rigs to Petroleo Brasileiro SA for $3.05 billion as the Brazilian company seeks to tap reserves that include the biggest discovery in the Americas in three decades.
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Petrobras inks $3B in contracts with Transocean
Houston Chronicle (Free subscription) | 07/15/2008
Transocean, the world's largest offshore oil driller, agreed to lease four rigs to Petroleo Brasileiro SA for $3.05 billion as the Brazilian company seeks to tap reserves that include the biggest discovery in the Americas in three decades.
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Transocean wins $3 bln in drilling contracts from Petrobras
Market Watch (Free subscription) | 07/15/2008
NEW YORK (MarketWatch) -- Transocean Inc. said Tuesday the board of directors of Petroleo Brasileiro S.A.(Petrobras) approved contract awards for four of the company's rigs totaling 22 rig years and approximately $3 billion in combined estimated contract revenues. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on...
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Oil near $145 on Brazil firm's strike
ireland.com (Free subscription) | 07/15/2008
Crude oil traded near $145 a barrel in New York last night as production in Brazil was disrupted after a strike by employees of state oil company Petroleo Brasileiro SA.
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Brazil oil workers strike, output losses limited
Globe and Mail (Free subscription) | 07/15/2008
Oil workers in Brazil started a five-day strike yesterday but state-run energy company Petroleo Brasileiro SA said it had already begun to reverse some production losses. Petrobras said it expected output at the platforms, which produce most of the country's oil and gas, to fall by 136,000 barrels per day, or 7 per cent of its production. This revised an earlier estimate that output could fall by 300,000...
- Strike hits Petrobras output - Business Spectator
- Oil workers at Brazil's Petrobras begin strike: report - Market Watch
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Five-day Brazilian oil strike begins
Houston Chronicle (Free subscription) | 07/14/2008
Brazil's Oil Workers Confederation began a five-day strike against Petroleo Brasileiro SA, an action that may cut the country's daily crude production by more than 50 percent.
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Brazil shines as other emerging market funds have a miserable 2nd quarter
International Herald Tribune (Free subscription) | 07/11/2008
The country was helped by the winning combination of high oil prices that lifted the shares of Petróleo Brasileiro and the unabated demand, especially from China, for Brazilian minerals and metals.
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Oil workers at Brazil's Petrobras plan strike: report
Market Watch (Free subscription) | 07/11/2008
NEW YORK (MarketWatch) -- The union representing workers at Brazilian state-run oil giant Petroleo Brasileiro , or Petrobras, platforms in the Campos Basin planned a five-day strike to shut down oil production, Dow Jones Newswires reported Thursday citing a union official. The strike will last for five days and will start on Monday, according to the report. The strike would stop production at 42 oil...
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MBF Financial: *Revised* Analyst Reports for BIRCHCLIFF ENERGY LTD, PETROLEO BRASILEIRO, TESORO CORPORATION, and YAMANA GOLD INC
Market Wire - Investment Opinion (Free subscription) | 06/26/2008
LONDON (MARKET WIRE)
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Petroleo Brasileiro: Now the World’s Fifth Largest Oil Company
SeekingAlpha Energy Stocks (Free subscription) | 06/23/2008
Kurt Wulff ( McDep Associates ) submits: When we raised oil price for calculation purposes to $100 a barrel on May 13, we raised estimated Net Present Value [NPV] for the common stock of Petrobras (PBR) to $75 a share from $61, adjusted for a 2:1 split. First quarter results according to Brazilian accounting reported the previous day chalked up strong gains in oil production cash flow offset by that...
