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Petroleo Brasileiro



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Latin American Markets: Stocks in Brazil rally; other Latin markets also gain

Brazilian stocks rally Friday in the first trading session of 2009, with market heavyweights Petroleo Brasileiro and Vale leading the gains and other Latin American markets also moving higher.

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Brazil Fighting to Keep Oil Riches

Foreign Confidential.... Bloomberg's Jeb Blount reports from Rio de Janeiro: Guilherme Estrella found an undersea lake of oil that may transform Brazil’s economy forever. Now, the exploration chief for Petroleo Brasileiro SA is at the center of a debate over who will profit from it. At stake is how much of Brazil’s newfound riches will be controlled by the state and how much will end up in the pockets...

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Petrobras to resume review of strategic plan in January

LOS ANGELES (MarketWatch) -- Brazilian oil giant Petroleo Brasileiro SA said Friday that its board was unable to complete its assessment of the company's 2009-2013 business plan "due to markets' uncertainties and volatility." The board agreed to resume the review in January. The plan may approved, depending upon final evaluations, said Petrobras. The company also said that evaluations indicate the...

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Petrobras, Shell Win Onshore Blocks in Brazil Auction

Dec. 18 (Bloomberg) -- Petroleo Brasileiro SA, Royal Dutch Shell Plc and Galp Energia SGPS SA were among the biggest winners at Brazil’s 10th-annual oil-rights auction today.

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Workers target Petrobras, protest oil rights sale

Brazilian union workers and members of landless workers groups occupied the lobby of state-controlled Petroleo Brasileiro SA's headquarters in Rio de Janeiro to protest an auction of oil exploration rights. The protest was called ahead of today's planned sale of the rights by Brazil's petroleum regulator, the ANP, in Rio de Janeiro. The protest was one of several co-ordinated by Brazil's oil workers...

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Petrobras takes big loan; gov't says no problem

Brazil's state-run oil company Petrobras took out a loan worth $860 million from a state bank last month, officials have revealed. The loan was given by the Caixa Economica Federal to Petroleo Brasileiro SA at the height of the global financial turmoil that...

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What is with Petroleo Brasileiro and Repsol?

Brazilian state-run energy giant Petroleo Brasileiro (PBR) denied published reports Wednesday that it was poised to take a stake in Spanish oil company Repsol YPF SA (REP). Earlier Wednesday, local newspaper Gazeta Mercantil reported that Petrobras was among the possible suitors for a 30% stake in Repsol currently held by several Spanish companies. “The company does not [...]

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NREL and Petrobras to Collaborate on Advanced Biofuels Research

The US Department of Energy’s National Renewable Energy Laboratory (NREL) and Petróleo Brasileiro S.A. (Petrobras) have signed an agreement that could accelerate the development and international commercialization of advanced, second-generation biofuels. The announcement was made at the International Biofuels Conference...

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Shell, Aramco, Petrobras Speed Project Spending Cuts

Nov. 19 (Bloomberg) -- The biggest oil companies including Saudi Aramco,Royal Dutch Shell Plc and Petroleo Brasileiro SA are accelerating spending cuts and delaying projects as the world enters a recession, said Morgan Stanley & Co.

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Zacks Analyst Blog Highlights: Petroleo Brasileiro SA, Charlotte Russe Holding, Allion Healthcare Inc., Gafisa SA and Shaw Communications Inc.

CHICAGO--(BUSINESS WIRE)--Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets.

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Latin American Markets: Petrobras shares slide; regional benchmarks pull back

Brazil’s equity benchmark drops 7%, leading sharp losses in Latin American markets as Brazilian oil giant Petroleo Brasileiro SA shares tumble and as a sell-off accelerates on Wall Street.

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Wall Street News Alert: Wall Street News Alert: Breaking Investors Alert for Tuesday: CLTH! November 11, 2008

WESTON, FL (MARKET WIRE) Wall Street News Alert's "stocks to watch" this morning are: CleanTech Biofuels, Inc. (OTCBB: CLTH), Microsoft Corp. (NASDAQ: MSFT), Petroleo Brasileiro SA (NYSE: PBR) and Alcoa (NYSE: AA).

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Petrobras Goes From First to Worst Among 10 Biggest Oil Stocks

By Joe Carroll Nov. 10 (Bloomberg) — Petroleo Brasileiro SA, the investor darling among the world’s largest oil companies in the first half of the year, has become the biggest loser. Petrobras, as Brazil’s state-controlled oil producer is known, is the worst performer among the top 10 publicly traded oil companies since May. The stock dropped 53 [...]