Petrobras Awards Prosafe a Four-Year Contract to Deploy Safe Notos
PBR confirms a $204 million deal with Prosafe for the Safe Notos flotel to enhance offshore safety and maintenance by awarding a four-year contract.
Petrobras Invests $892M to Double Capacity at RNEST Refinery
PBR signs key contracts to complete RNEST's Train 2, doubling refining capacity by 2029 and boosting production of low-sulphur fuels.
Petrobras signs $892 mln in contracts to complete RNEST refinery expansion
Brazilian state-run oil firm Petrobras announced on Monday it signed contracts worth approximately 4.9 billion reais ($892.3 million) for the completion of a new refining unit at its RNEST refinery.
Petrobras: A Value Opportunity
Petrobras offers strong profitability and attractive valuation metrics, trading at a significant discount to peers despite robust margins and earnings yield over 12%. Political risk in Brazil, particularly from the current government, is the main reason for Petrobras' low valuation, but upcoming elections could unlock higher valuations. Brazil's economic fundamentals remain solid, with low unemployment and stable GDP growth.
Petrobras Expands Energy Output With High-Tech FPSO Solutions
PBR partners with ABB and Seatrium to launch all-electric FPSOs, P-84 and P-85, redefining offshore oil production in Brazil.
Petrobras Launches Tenders for Offshore Wind Energy Project in Brazil
PBR issues tenders for geophysical and geotechnical surveys to assess offshore wind feasibility, marking a key step in Brazil's clean energy shift.
Petrobras Targets Africa as Key Region for International Growth
PBR targets Africa's offshore riches, leveraging Brazil's geological twin basins and bold partnerships to fuel global growth.
Petrobras: A Bargain During Hard Times For Oil
Petrobras offers high dividend yields and trades at low valuations, making it an attractive buy for investors seeking non-American oil exposure. Political risks in Brazil have subsided, and government backing provides stability, though oil price volatility remains a key concern. Petrobras boasts strong profitability and operational efficiency, especially in offshore production, despite a weaker balance sheet than peers.
Petrobras' Recent Weakness Means Opportunity
Strong production growth, robust free cash flow, and double-digit dividend yields highlight Petrobras' operational and financial strength. Aggressive reinvestment in FPSOs and low-cost production support future growth, while manageable debt levels enable continued shareholder returns. Key risks include volatile oil prices and ongoing governance concerns due to Brazilian government influence, but overall value remains attractive.
Petrobras Announces Gasoline Price Cut for Distributors
PBR announces it will cut gasoline prices by 0.17 reais to 2.85 reais/liter, effective Tuesday, following rising demand and a shift in pricing policy.
Petrobras Inks MoU With Sonangol to Boost Energy Collaboration
Petrobras signs MoU with Sonangol to boost oil and gas R&D, expanding its strategic footprint in Angola amid deepening Brazil-Angola energy ties.
Petrobras Initiates Major Shutdown at Refap for Key Upgrades
PBR begins R$557 million maintenance at Refap refinery in Canoas, boosting local jobs and ensuring a stable fuel supply through August despite reduced output.
