Maritime News (Free subscription) | 11/16/2009
Brazil's decision on whether to join the Organization of Petroleum Exporting Countries is up to Brazil's government, said Sergio Gabrielli, chief executive of state-run oil company Petroleo Brasileiro SA Petrobras, Saturday.
StreetInsider.com News Articles (Free subscription) | 11/13/2009
HIGHER; SPDR Gold Shares (NYSE: GLD) escalating about 1.22% to $109.53. The news comes on more investors moving back to gold as the dollar weakens in the world market. iShares MSCI Brazil Index (NYSE: EWZ) up 2.15% to $75.12. EWZ is up also on the weaker dollar, but also on the ETF's biggest holding, Petroleo Brasileiro SA (NYSE: PBR), as PBR announced a new oil well finding in Angola. PBR is up 2%...
Market Wire (Free subscription) | 11/10/2009
WESTON, FL (MARKET WIRE) Wall Street News Alert's "stocks to watch" this morning are: PrimeGen Energy Corporation (PINKSHEETS: PGNE), GE (NYSE: GE), Petroleo Brasileiro SA (NYSE: PBR) and Newmont Mining Corporation (NYSE: NEM).
BloggingStocks (Free subscription) | 11/07/2009
Filed under: Stocks to Buy , Petroleo Brasileiro (PBR) It goes without saying that the investment strategy advocated here favors integrated oil companies, particularly those with a regional or product advantage. And with the aforementioned in mind, I'm reiterating my buy rating for Petroleo Brasileiro SA ( PBR ), also known as Petrobras, first recommended on April 22, 2009 , at a price of $32.99....
Business Wire (Free subscription) | 10/23/2009
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned a 'BBB' rating to Petroleo Brasileiro S.A.'s (Petrobras) proposed US$4 billion multi-tranche senior unsecured global notes of which US$2.5 billion mature in 2029 and US$1.5 billion in 2040. Coupons on these notes are 5.75% and 6.875%, respectively. The notes are issued through its wholly owned subsidiary, Petrobras International Finance Company...
LATICONOMICS (Free subscription) | 10/17/2009
OGX Finds 1.5 Billion Barrels of Oil off Brazil Coast (Update3) By Lucia Kassai Oct. 14 (Bloomberg) -- OGX Petroleo e Gas Participacoes SA , the oil firm controlled by billionaire Eike Batista , said it may have found as much as 1.5 billion barrels of crude in one of its blocks off Brazil’s southeastern coast after drilling a well. The BM-C-43 block, located in the shallow waters of the Campos...
Biodiesel and Ethanol Investing (Free subscription) | 10/12/2009
Bloomberg reports that Petroleo Brasileiro SA, Brazil’s state-controlled oil company, and Portugal’s Galp Energia SGPS SA are planning joint investments. The companies are planning to invest jointly in Brazil, Portugal and in other countries. A biodiesel production project is scheduled to start in 2012.
Maritime News (Free subscription) | 10/09/2009
Brazilian state-run oil company Petroleo Brasileiro SA, or Petrobras, costs have "fallen less than expected," company president Jose Sergio Gabrielli said. "In some areas we've seen sharp falls but in general the reduction wasn't as much as we had hoped for," Gabrielli said during a press conference to mark the 56th anniversary of the company. [...]
PR News Wire (Free subscription) | 09/30/2009
CARLYSS, La., Sept. 30 /PRNewswire-FirstCall/ -- Global Industries, Ltd. (Nasdaq: GLBL) announced today that its Brazil Business Unit has signed a contract with Petroleo Brasileiro S.A. (Petrobras) for diving, ROV and construction services to be performed offshore Brazil, in the areas of Campos, Santos and Espirito Santo basins.
Business Wire (Free subscription) | 09/28/2009
NEW YORK--(BUSINESS WIRE)--According to Fitch Ratings, proposed regulation by the Brazilian government for the oil and gas industry could increase the credit risk for Petroleo Brasileiro S.A. (Petrobras), Brazil's national oil company. In a special report issued on Sept. 25, Fitch stated that if the regulation is enacted it would likely increase key risks for Petrobras' credit quality including increasing...
People Daily (Free subscription) | 09/25/2009
Total SA, Europe's third-largest oil producer, is studying expansion in Brazil as part of a plan to reverse falling output by developing new projects. "Brazil definitely would be an interesting target," Chief Executive Officer Christophe de Margerie said in New York after meeting Petroleo Brasileiro SA CEO Jose Sergio Gabrielli last week in Paris. "We think we can help Petrobras develop...
Diplodemocracia (Free subscription) | 09/15/2009
Petroleo Brasileiro SA, Brazil’s state-controlled oil company, should exclude the government from voting on a plan to sell at least $25 billion of stock to ensure minority shareholders are treated fairly, according to Itau Unibanco Holdings SA. ( full information) / La compañía petrolera estatal de Brasil, Petroleo Brasileiro SA, debe excluir al gobierno en la votación de...
Dalia Lozada - UCV Ingles V (Free subscription) | 09/12/2009
INTEGRATION. Presidents agree to create two Brazilian-Venezuelan joint ventures and to assign the pipeline’s construction A Moving forward to integration. One of the two joint ventures created will operate a crude oil field in Venezuela and the other one a refinery in Brazil. Michael Astor | AP MANAUS – Brazil and Venezuela agreed to forge ahead with two joint ventures between their state-run...
Market Wire (Free subscription) | 09/09/2009
WESTON, FL (MARKET WIRE) Wall Street News Alert's "stocks to watch" this morning are: PrimeGen Energy Corporation (PINKSHEETS: PGNE), GE (NYSE: GE), Baker Hughes Incorporated (NYSE: BHI) and Petroleo Brasileiro SA (NYSE: PBR).
SACO INVEST (Free subscription) | 09/04/2009
Brazil: Reactions to a Proposed Energy Law September 1, 2009 | 1938 GMT Summary Brazilian President Luiz Inacio Lula da Silva submitted a proposal for a new oil law to the country's legislature. The proposal favors state-run energy company Petroleo Brasileiro SA (Petrobras) and shows that Brazil intends to protect its national interests when it comes to deepwater oil exploration and development. Analysis...
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