There is no pinned content in this Editor's Picks module.
Click here to learn more about content pinning.
Petrobras has renewed for three years the contract of maintenance and support of the software package Petroledge, Hardledge and RockViewer with Endeeper. Petrobras has renewed for three years the contract of maintenance and support of the software packag
A man works at the Cidade Angra dos Reis offshore platform at the Lula oil field, about 300 km (186 miles) from the coast of Rio de Janeiro, in this February 16, 2011 file photo. Brazil's state-controlled oil company Petrobras said on January 31, 2012,... View Photo »
The contract is for a period of four years with an extension option of another four years. The contract is expected to be effective by the first quarter of 2012, when Petrobras is anticipated to formally accept delivery of the vessel
WHAT with uncertainties over oil supplies from the Gulf and Libya, and the Nigerian oil industry constantly under threat from militant criminal gangs, there's increasing interest in East African plays. Italy's ENI and Texas-based Anadarko Petroleum recen
Feb. 10 (Bloomberg) -- Petroleo Brasileiro SA, Latin America’s largest oil producer by market value, plunged the most in six months after quarterly profit missed estimates. Petrobras fell 6.7 percent to 23.80 reais at 1:38 p.m. in Sao Paulo, the worst pe
(MENAFN) Brazil's Petrobras said that due to growing operating costs, net income in the fourth quarter dropped 52 percent to USD2.92 billion, from USD6.14 billion in 2010's same period, reported Gulf News. The oil company added that it increased its plan
Workers talk at the Cidade Angra dos Reis offshore platform at the Lula field about 300 km (186 miles) from the coast of Rio de Janeiro, in this February 16, 2011 file photo. Brazil's state-controlled oil company Petrobras said on Tuesday a ruptured... View Photo »
The ratings are tempered by Petrobras' exposure to local political interference and its significant medium-term capital-investment program, along with vulnerability to fluctuations in international commodity prices, currency risk, and domestic market revenue concentration
Lobao said that outgoing Chief Executive Officer Jose Sergio Gabrielli acted “correctly” in pushing for fuel price increases, while it’s Rousseff’s job to put the interests of the entire nation above those of the state-run company, according to Estado.
LONDON: Petrobras profit plunged 52 per cent in the fourth quarter, frustrating expectations the company can control the cost of an ambitious expansion plan and underlining the challenges faced by new chief executive Maria das Gracas Foster. Fourth-quart
Petrobras (BM&F Bovespa:PETR3/PETR4, NYSE: PBR / PBRA, Latibex:XPBR / XPBRA, Merval APBR), short for Petróleo Brasileiro S.A. , is a semi-public Brazilian energy company headquartered in Rio de Janeiro. The company was founded in 1953 mainly due to the efforts of the Brazilian President Getúlio Vargas. While the company ceased to be Brazil's oil... Full Article
Brazil's Petrobras President Jose Sergio Gabrielli de Azevedo and United Nations Secretary-General Ban Ki-moon (R) attend a session at the World Economic Forum (WEF) in Davos, January 27, 2012.
View Photo »Brazil's Petrobras President Jose Sergio Gabrielli de Azevedo attends a session at the World Economic Forum (WEF) in Davos, January 27, 2012.
View Photo »Brazil's Petrobras President Jose Sergio Gabrielli pauses during a ministerial meeting at the Cultural Center Banco do Brasil in Brasilia in this August 31, 2009 file photo. Brazilian state-controlled oil company Petrobras ousted chief executive Gabrielli, the man who oversaw the...
View Photo »Jose Sergio Gabrielli de Azevedo, CEO of Petroleo Brasileiro Petrobras, speaks during a plenary session at the 42nd annual meeting of the World Economic Forum, WEF, in Davos, Switzerland, Friday, Jan. 27, 2012. The meeting lasts until Jan. 29.
View Photo »A man works at the Cidade Angra dos Reis offshore platform at the Lula oil field, about 300 km (186 miles) from the coast of Rio de Janeiro, in this February 16, 2011 file photo. Brazil's state-controlled oil company Petrobras said on January 31, 2012, a ruptured pipe on one of its...
View Photo »Workers talk at the Cidade Angra dos Reis offshore platform at the Lula field about 300 km (186 miles) from the coast of Rio de Janeiro, in this February 16, 2011 file photo. Brazil's state-controlled oil company Petrobras said on Tuesday a ruptured pipe on one of its production vessels...
View Photo »The president of the state-owned Brazilian oil company Petrobras, Jose Sergio Gabrielli de Azevedo, announces the business plan for the 2011-2015 period, at Petrobras' headquarters in Rio de Janeiro on July 25, 2011. In a company statement last week, Petrobras unveiled a five-year...
View Photo »Picture of an oil platform belonging to the Brazilian state oil company Petrobras, at the port of Rio de Janeiro, Brazil, taken on December 27, 2011. Brazil has overtaken Britain as the world's sixth largest economy, a London-based research group said on December 26. In its latest World...
View Photo »Brazil's President Dilma Rousseff waves to workers during a ceremony to deliver the first out of four ships built for Transpetro, a subsidiary of the state-run oil company Petrobras in Niteroi, Brazil, Friday, Nov. 25, 2011. The 'Celso Furtado', a 183-meter long ship, can transport up...
View Photo »Brazil's President Dilma Rousseff, left, and Rio de Janeiro's Governor Sergio Cabral wave to workers during a ceremony to deliver the first out of four ships built for Transpetro, a subsidiary of the state-run oil company Petrobras in Niteroi, Brazil, Friday, Nov. 25, 2011. The 'Celso...
View Photo »Employees of Brazilian oil giant Petrobras take pictures of Brazil's President Dilma Rousseff (L) as she arrives for the opening ceremony of the P-56 oil rig at Angra dos Reis, about 115 miles (185 km) west of Rio de Janeiro June 3, 2011.
View Photo »Brazil's President Dilma Rousseff delivers a speech at the Petrobras P-56 oil platform christening ceremony in Angra dos Reis, Brazil, Friday June 3, 2011. The new offshore platform, with a capacity of 100,000 barrels per day, was constructed entirely in Brazil, costing 1.5 billion...
View Photo »Petrobras P-56 oil platform is seen during it's opening ceremony in Angra dos Reis, Brazil, Friday June 3, 2011. The new offshore platform, with a capacity of 100,000 barrels per day, was constructed entirely in Brazil, costing 1.5 billion dollars.
View Photo »Jose Sergio Gabrielli, president of Brazil's state oil company Petrobras, speaks during a news conference in Tokyo November 7, 2011. Brazil's state-run Petrobras would sell southern Japan refiner, Nansei Seikyu KK, if it receives a good offer, Gabrielli said on Monday.
View Photo »The "Peruanita" camp, run by Brazil's energy company Petrobras, is seen at the shore of the Urubamba river as part of the huge Camisea natural gas project in the Amazon jungle in Cuzco, May 18, 2011.
View Photo »Brazilian peasant Raimundo da Silva harvests castor seeds to be sold to Petrobras' Quixada biodiesel plant in the state of Ceara, northeastern Brazil, on September 1st, 2011. The refinery obtains raw material from 10 local peasant families who, within a governmental programme, produce...
View Photo »View of castor-oil plants, which seeds will be sold to Petrobras' Quixada biodiesel plant in the state of Ceara, northeastern Brazil, on September 1st, 2011. The refinery obtains raw material from 10 local peasant families who, within a governmental programme, produce castor seeds from...
View Photo »Brazilian peasants (L to R) Ambrosio Maciel, Raimundo Barbosa da Silva, Jose Oliveira and Raimundo Martins Neto show castor-oil plants from which they take castor sees to sell to Petrobras' Quixada biodiesel plant, in the state of Ceara, northeastern Brazil, on September 1st, 2011. The...
View Photo »A worker checks filters at Petrobras' Quixada biodiesel plant in the state of Ceara, northeastern Brazil, on September 1st, 2011. The refinery obtains raw material from 10 local peasant families who, within a governmental programme, produce castor seeds from which the castor-oil is...
View Photo »Jose Sergio Gabrielli, president of Brazil's state oil company Petrobras, speaks during the seminar "Brazilian and World Economy Scenario in 2011" in Rio de Janeiro February 21, 2011.
View Photo »Jose Sergio Gabrielli, the president of Brazil's state oil company Petrobras, talks during a news conference in Sao Paulo July 27, 2011. Brazilian state oil company Petrobras would have to increase imports of gasoline if the government lowers the mandatory mix of ethanol in the motor...
View Photo »Shipyard workers watch as the 'Celso Furtado', a 183-meter long ship which can transport up to 56 million liters of fuel, far right, leaves the Maua shipyard in Niteroi, Brazil, Friday, Nov. 25, 2011. The ship is the first one, out of four, to be built by a Brazilian shipyard for...
View Photo »Shipyard workers watch as the 'Celso Furtado', a 183-meter long ship which can transport up to 56 million liters of fuel, leaves the Maua shipyard in Niteroi, Brazil, Friday, Nov. 25, 2011. The ship is the first one to be built by a Brazilian shipyard for Transpetro, a subsidiary of the...
View Photo »A worker stands inside the the 'Celso Furtado', a 183-meter long ship which can transport up to 56 million liters of fuel, during its delivering ceremony in Niteroi, Brazil, Friday, Nov. 25, 2011. The ship is the first one to be built by a Brazilian shipyard for Transpetro, a subsidiary...
View Photo »An aerial view shows oil that seeped from a well operated by Chevron at Frade, on the waters in Campos Basin in Rio de Janeiro state November 18, 2011. The head of Brazil's oil regulator, the ANP, said on Monday that only Chevron, and not its partners, Petrobras and Japanese group Frade...
View Photo »Brazil's Petrobras President Jose Sergio Gabrielli de Azevedo and United Nations Secretary-General Ban Ki-moon (R) attend a session at the World Economic Forum (WEF) in Davos, January 27, 2012.
View Photo »The contract is for a period of four years with an extension option of another four years. The contract is expected to be effective by the first quarter of 2012, when Petrobras is anticipated to formally accept delivery of the vessel
The ratings are tempered by Petrobras' exposure to local political interference and its significant medium-term capital-investment program, along with vulnerability to fluctuations in international commodity prices, currency risk, and domestic market revenue concentration
The cost and technology risks are higher than the government or Petrobras are saying
And obviously less cash means Petrobras will find it harder to carry out its ambitious investments
Petrobras will have to absorb that as a loss
Despite efforts to diversify its customer base, Petrobras by far remains Lupatech's largest customer ... Everything that points to elevated concentration risk is seen as a negative from a credit perspective.
The odds of Petrobras coming to the market for additional capacity in the next couple years is 100 percent
We are delighted that Petrobras has again selected Rolls-Royce power generation technology to help meet its aggressive offshore oil and gas production objectives. Rolls-Royce has a strong record of equipment and services supply to Brazil's energy sector and we are committed to supporting all our custome...
Between the (Petrobras) refinery and food concentrates, it really fits us well. Dan is opening some doors for us, so we're excited about that.
PEMEX has indicated availability of Isthmus crude oil from second half of 2012 (but) Maya crude may not be available for term contract, while Petrobras has offered crude like Roncador, Marlim and Albacora on a term basis
But the government and Petrobras have a timetable and they plan to keep it.
The industry has seen that investments by Petrobras aren't coming at the pace that was expected ... The sector is definitely suffering.
One thing the company has going for it, although not necessarily for its creditors ... is the government's interest in keeping it around as a Brazilian company supplying (state-controlled oil giant) Petrobras
There are many in the government who don't want to sell new concessions, even though Petrobras will by law be the leader of any new subsalt operations
This spill will be another excuse to limit the role of companies other than Petrobras in Brazil's oil industry and for the politicians to take more control of the country's oil industry.
In this country, it's easier to attack the national soccer team than it is to attack Petrobras
Similarly, we view Petrobras' likelihood of extraordinary government support as 'very high,' which, under our criteria, leads us to revise the ratings on the company as a function of the foreign currency sovereign upgrade.
Union leaders have rejected the latest offer from Petrobras, and union locals are currently voting on that recommendation ... Of the 27 locals, four have completed voting so far, and all four have endorsed the recommendation. The other locals will complete voting in time for the November 22 meeting of t...
Petrobras is playing a leading role in both clean energy and sustainability initiatives and we're pleased to participate in this important industry discussion of the future carbon-efficient economy and how to get there
