All Posts Tagged With: "PBR"
(FTI) FMC Technologies and Anadarko Sign Service Deal
Oil drilling equipment maker FMC Technologies Inc. (FTI) inked a deal with Anadarko Petroleum Corporation (APC), whereby it will render subsea systems and life-of-field services to the latter. None of the parties disclosed the financial terms of the agreement. The Woodlands-based...
18Jan2012 | vitalstocks | 0 comments | Continued(APC) Anadarko Petroleum Hits Another Gas Find
Independent oil and gas producer Anadarko Petroleum Corporation (APC) made another discovery off the coast of Mozambique. This new find to a large extent substantiated the company’s projection that the Offshore Area 1 of Mozambique’s Rovuma Basin at the Lagosta prospect...
18Jan2012 | vitalstocks | 0 comments | Continued(EPD) Enterprise Products Partners and Genesis Energy Sign Pipeline Plan
Enterprise Products Partners L.P. (EPD) and Genesis Energy L.P. (GEL) have inked a construction agreement for a crude oil gathering pipeline to serve the Lucius development area in the Gulf of Mexico. Southeast Keathley Canyon Pipeline Company LLC (“SEKCO”) – a 50:50...
8Jan2012 | vitalstocks | 0 comments | Continued(BP) Three European Oil Firms Strike Angola Deal
With the aim of expanding individual footing in the energy sector of South Africa, three European oil biggies entered into three different deals with Sonangol, the National Fuel Company of Angola, to explore the undeveloped pre-salt offshore acreage. London, England-based BP...
28Dec2011 | vitalstocks | 0 comments | Continued(PBR) Petroleo Brasileiro S.A. Strikes Oil in Santos Basin
Brazilian state-run energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A., announced the discovery of oil in the pre-salt reservoirs of the country’s Santos Basin. The new well reinforces the region’s potential of 5-8 billion barrels of recoverable reserves. Drilled...
7Dec2011 | vitalstocks | 0 comments | Continued(LNG) An Alternative Way to Capture Emerging Market Growth
by David Fessler, Investment U Senior Analyst Tuesday, December 6, 2011: Issue #1658 Many countries outside the United States operate state-controlled companies. Most are giant behemoths, employing millions of people between them. These companies – among the world’s largest...
6Dec2011 | InvestmentU | 0 comments | Continued(PBR) Petroleo Brasileiro S.A. Hits Oil in Campos Basin
Petroleo Brasileiro S.A. or Petrobras (PBR) announced the discovery of an accumulation of crude oil in Marlin Complex, offshore Campos basin. However, Petrobras did not disclose the amount of oil discovered. The presence of oil was traced in post-salt rocks through the well 4-VD-18-RJS...
30Nov2011 | vitalstocks | 0 comments | Continued(CVX) Chevron Fined for Brazil Oil Spill
U.S. energy behemoth Chevron Corp. (CVX) has been slapped with a fine of R$50 million ($28 million) by Brazil’s environmental regulator – the Brazilian Institute of the Environment and Renewable Natural Resources, or Ibama – following an oil leak 74 miles off the coast...
28Nov2011 | vitalstocks | 0 comments | Continued(PBR) Petroleo Brasileiro S.A. Finds Oil in Santos Basin
Petroleo Brasileiro S.A. or Petrobras (PBR) confirmed the discovery of superior quality oil in the south Santos Basin well 4-SPS-91 (4-BRSA-1002-SPS). As per the oil sampling tests, the find was in an approximately 2,160 meters deep sandstone reservoir in the post-salt area known...
28Nov2011 | vitalstocks | 0 comments | Continued(CVX) Chevron’s Brazil Dream Sours
U.S. energy behemoth Chevron Corp. (CVX) has been temporarily suspended from ‘all drilling activities’ in Brazil by the country’s oil regulator – Agencia Nacional do Petroleo or ANP – following an oil leak 74 miles off the coast of Rio de Janeiro. The agency’s diktat...
28Nov2011 | vitalstocks | 0 comments | Continued(PZE) Latch Onto The Next Big Shale Gas Boom
by Justin Dove, Investment U Research Friday, October 7, 2011 Which country has the most shale gas reserves outside of the United States and China? Canada? Nope. Australia? Wrong again. According to the U.S. Energy Information Administration, Argentina ranks third in recoverable...
10Oct2011 | InvestmentU | 0 comments | Continued(PBR) Oil Industry Mergers and Acquisitions 2011
by Justin Dove, Investment U Research Monday, September 12, 2011 Oil Services Industry Set for “Gusher Of Profits” As Ian Cooper’s recent article for Wealth Daily stated, the world isn’t necessarily running out of oil. It’s running out of “easy to get” oil. Oil...
14Sep2011 | InvestmentU | 0 comments | Continued(XLF) Stock Market News for August 9, 2011 – Market News
Standard & Poor’s downgraded the US credit rating by a notch, delivering a crushing blow to benchmarks on Monday. Tension from the other side of the Atlantic also dampened sentiment as Europe was gripped by debt woes. Investors also struggled to find a clear answer about...
9Aug2011 | vitalstocks | 0 comments | Continued(PBR) Petroleo Brasileiro S.A. Strikes Oil Yet Again
Petroleo Brasileiro S.A. or Petrobras (PBR) announced the discovery of two new oil and gas fields in the Espirito Santo basin, netting three finds in the arena. Although the estimated size of the fields was not disclosed, they definitely strengthen Petrobras’ position in the...
11Jul2011 | vitalstocks | 0 comments | Continued(ADP) Stock Market News for July 8, 2011 – Market News
On Thursday, positive jobs and retail reports lifted investor sentiment and subsequently boosted the benchmarks which edged closer to 2011 highs. Nonetheless, volumes remained tight as investors anxiously await crucial non-farm payroll data from the government. The Dow Jones...
8Jul2011 | vitalstocks | 0 comments | Continued(PBR) Petroleo Brasileiro S.A. Expands in Biofuel World
Brazilian state-run energy firm Petroleo Brasileiro S.A. or Petrobras (PBR) acquired a 50% stake in a local biodiesel company BSBIOS Industria e Comercio de Biodiesel Sul Brasil S.A. for 200 million Brazilian reals or $128.4 million. Petrobras executed the deal through its subsidiary...
5Jul2011 | vitalstocks | 0 comments | Continued(PBR) Petroleo Brasileiro S.A. Start Extended Well Test at Aruana
Brazilian state-run Petroleo Brasileiro S.A. or Petrobras (PBR) has commenced production of oil at the Aruana area, following the start-up of extended well test (EWT). The Aruana area is in the post-salt layer of the southern area of the Campos Basin offshore Brazil. Petrobras...
1Jul2011 | vitalstocks | 0 comments | Continued(PBR) Petrobras and Partners Strike Oil
Brazilian oil giant Petroleo Brasileiro S.A. or Petrobras (PBR) announced the discovery of two levels of high-quality crude oil at a well in the country’s ultra deepwater pre-salt Campos Basin. Apart from Petrobras, which has a 30% interest in the 1-REPF-11A-RJS well (informally...
29Jun2011 | vitalstocks | 0 comments | Continued(PBR) Petroleo Brasileiro S.A. Evenly Poised
We have maintained our Neutral recommendation on Brazilian state-run energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A. with a price target of $35. We believe that continued demand growth in Brazil (expected to outperform developed countries in the next few years),...
24Jun2011 | vitalstocks | 0 comments | Continued(XLE) Stock Market News for June 24, 2011 – Market News
On Thursday, markets rebounded from session lows as Greece agreed to implement a five-year austerity plan. Markets were dragged lower early in the day after a drop in oil prices. However, news from the domestic front was discouraging with disappointing economic reports on initial...
24Jun2011 | vitalstocks | 0 comments | Continued(PBR) Petrobras Acquires Stake in Gabon
Brazilian oil giant Petróleo Brasileiro S.A. or Petrobras (PBR) has acquired 50% stake in two exploration blocks offshore Gabon. The company did not disclose the financial details of the deal, which was executed through the wholly owned subsidiary Petrobras Participaciones S.L. The...
20Jun2011 | vitalstocks | 0 comments | Continued(GE) General Electric Wellstream Wins New Contract
General Electric (GE) Oil & Gas’ Wellstream business has been awarded a long-term contract by Petróleo Brasileiro S.A., aka Petrobras (PBR), one of the largest companies in Latin America. The contract, initially valued at more than $200 million, pertains to flexible pipe...
20Jun2011 | vitalstocks | 0 comments | Continued(XOM) Exxon Mobil Makes Giant Gulf of Mexico Discovery
Exxon Mobil Corporation (XOM) announced the discovery of oil and gas in three major blocks in the deepwater Gulf of Mexico, marking the company’s first deepwater exploration since the end of the drilling moratorium in the region. The wells are estimated to hold approximately...
16Jun2011 | vitalstocks | 0 comments | Continued(XOM) Are Oil Prices Headed Up or Down?
by David Fessler, Investment U’s Energy and Infrastructure Expert Tuesday, June 14, 2011 Are oil prices headed up or down? If Saudi Arabia has anything to say about it, quite possibly down. Over the past several months, the kingdom has been clandestinely raising production...
16Jun2011 | InvestmentU | 0 comments | Continued(PBR) Petrobras: Another Strong Quarter
Brazilian state-run energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A., announced its first quarter earnings of R$10,985.0 million or R$0.84 per share, compared with R$7,726.0 million or R$0.88 per share in the year-earlier quarter. Per share profitability dropped...
2Jun2011 | vitalstocks | 0 comments | Continued(VLO) Brazil Turns to U.S. to Meet Ethanol Demands
by Tony D’Altorio, Investment U Research Wednesday, May 25, 2011 Due to escalating Latin American demand, refineries often can’t keep up with fuel consumption, so global refiners have been quietly boosting refined fuel output. According to one of the largest U.S. refiners,...
25May2011 | InvestmentU | 0 comments | Continued(DRQ) Dril-Quip Earnings Report Beats Consensus
Dril-Quip Inc.’s (DRQ) adjusted first-quarter 2011 earnings of 58 cents per share beat the Zacks Consensus Estimate by a penny. However, quarterly earnings dropped 18% from the year-ago adjusted profit level of 71 cents a share. The year-over-year disappointment is primarily...
10May2011 | vitalstocks | 0 comments | Continued(BRKB) Understanding Japan’s Disaster
The awful news out of Japan just seems to keep getting worse. There are now four reactors that are in trouble and significant (although outside the gates of the plant, not immediately dangerous) levels of radiation have been released into the atmosphere. That has severely strained...
29Mar2011 | vitalstocks | 0 comments | Continued(AXP) Stock Market News for March 9, 2011 – Market News
Indices moved out of negative territory on Tuesday, as Bank of America provided assurances of higher profits and an increase in dividends for shareholders. Additionally, crude prices hit a roadblock and eased off by 0.4% as OPEC members consider ramping up production for the...
10Mar2011 | vitalstocks | 0 comments | Continued(PBR) Petrobras Brasileiro Scores Light Oil in Espirito Santo
Brazilian state-run energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A., announced the discovery of light oil in the country’s Espírito Santo Basin. The new well – the deepest find in the region – is expected to have an important bearing regarding further exploration...
25Dec2010 | vitalstocks | 0 comments | Continued