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“For companies that are trying to increase their resource and production, companies the size of Ecopetrol, which are significantly smaller, are spending about $10 billion a year,” said Cruz. “A company like Petrobras, which has a very challenging...
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Brazilian lawyer Flavio Rocha, 49, wears a headdress in his private workshop at his home in the Manilha neighborhood in Rio de Janeiro, Brazil on February 9, 2012. Rocha, married and with sons, works as a consultant attorney for state-owned oil giant... 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
NEW YORK, Feb. 20, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue: This report provides detailed market analysis, information and insights into the Brazil construction market, including: •...
Chris Huhne, right Inefficient: Huhne enthusiastically backed a slew of expensive green initiatives such as onshore wind farms Henry Davey is a partner with the leading London law firm Herbert Smith and has handled multi-million-pound deals for firms...
LAS VEGAS, NEVADA--(Marketwire - Feb. 19, 2012) - Rocket Alerts is a leading investment newsletter which supplies you with multi-track data on the hottest stocks in the market. Our Multi-Vector Stock Analysis Team will tell you exactly where the stocks...
The new president of state-owned oil company Petrobras, Maria das Gracas Silva Foster, applauds during her installation ceremony at the oil giants' headquarters in Rio de Janeiro, Brazil, on February 13, 2012. Foster is the first woman to preside the... 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
Help yourself with the Fool's FREE and easy new watchlist service today. This could be the dawn of a new era for state-run exploration and production giant Petrobras (NYSE: PBR ). Maria das Gracas Foster has taken over the company, replacing incumbent...
Shares of Lupatech shed over 73 per cent this year, and the yield on Lupatech’s 9.875 per cent perpetual bond spiked above 25 per cent as creditors jumped ship in anticipation of a default. “Despite efforts to diversify its customer base, Petrobras by...
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
Petrobras state-owned oil company new president Maria das Gracas Silva Foster (L) is greeted by outgoing president Sergio Gabrielli during the former's installation ceremony at Petrobras' headquarters in Rio de Janeiro, Brazil, on February 13, 2012. Mrs.Foster is the first woman to...
View Photo »Petrobras state-owned oil company new president Maria das Gracas Silva Foster and Brazilian President Dilma Roussef (back to the camera) hug each other during the former's installation ceremony at Petrobras' headquarters in Rio de Janeiro, Brazil, on February 13, 2012. Mrs.Foster is the...
View Photo »Petrobras state-owned oil company new president Maria das Gracas Silva Foster gives the thumbs up during her installation ceremony at Petrobras' headquarters in Rio de Janeiro, Brazil, on February 13, 2012. Mrs.Foster is the first woman to preside oil giant Petrobras.
View Photo »Outgoing Petrobras President Sergio Gabrielli, left, shakes hands with his replacement, Maria das Gracas Foster, the first female chief executive to lead the Brazilian state-controlled oil company, at a ceremony in Rio de Janeiro, Brazil, Monday Feb. 13, 2012.
View Photo »Outgoing Petrobras President Sergio Gabrielli, left, hands a worker identification card to incoming president, Maria das Gracas Foster, the first female chief executive to lead the Brazilian state-controlled oil company, at a ceremony in Rio de Janeiro, Brazil, Monday Feb. 13, 2012.
View Photo »The new president of state-owned oil company Petrobras, Maria das Gracas Silva Foster, applauds during her installation ceremony at the oil giants' headquarters in Rio de Janeiro, Brazil, on February 13, 2012. Foster is the first woman to preside the company.
View Photo »The new president of state-owned oil company Petrobras, Maria das Gracas Silva Foster (L), applaudes near Brazilian Economy Minister Guido Mantega, during her installation ceremony at the oil giants' headquarters in Rio de Janeiro, Brazil, on February 13, 2012. Foster is the first woman...
View Photo »Brazilian President Dilma Rousseff delivers a speech during the installation ceremony of Maria das Gracas Silva Foster (R, sitting) as the new president of state-owned oil company Petrobras, at the oil giants' headquarters in Rio de Janeiro, Brazil, on February 13, 2012. Foster is the...
View Photo »Maria das Gracas Foster, left, the first female president named to run the Brazilian state-controlled oil company, Petrobras, is embraced by Brazil's President Dilma Rousseff in Rio de Janeiro, Brazil, Monday Feb. 13, 2012.
View Photo »Maria das Gracas Foster delivers a speech after being introduced as the first female chief executive for the Brazilian state-controlled oil company, Petrobras, in Rio de Janeiro, Brazil, Monday Feb. 13, 2012.
View Photo »CEO of Petroleo Brasileiro Petrobras Jose Sergio Gabrielli de Azevedo addresses participants about ' Ending Energy Poverty', on January 27, 2012, during the World Economic Forum (WEF) in the congress center of the Swiss resort of Davos. The third day of the elite gathering will also...
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 »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 »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 »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 »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 »Petrobras state-owned oil company new president Maria das Gracas Silva Foster (L) is greeted by outgoing president Sergio Gabrielli during the former's installation ceremony at Petrobras' headquarters in Rio de Janeiro, Brazil, on February 13, 2012. Mrs.Foster is the first woman to...
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
