Petrobras to Cut 2025 Investments to $17B Amid Rising Costs and Limits
PBR plans to cut 2025 investments to $17 billion amid government pressure to boost CAPEX, focusing on realistic, high-return projects for increased output.
Brazil's Petrobras to reduce investments planned for 2025, sources say
Brazil's Petrobras is set to reduce planned investments for next year, despite requests by the government for the state-run oil firm to increase CAPEX, three sources close to the matter told Reuters.
Petrobras Expands Refinery Capabilities in Third-Quarter 2024
PBR achieves record refinery utilization at 96.8%, driving exceptional production levels and reinforcing its commitment to operational excellence.
Petrobras (PBR) Stock Slides as Market Rises: Facts to Know Before You Trade
In the most recent trading session, Petrobras (PBR) closed at $14.64, indicating a -1.81% shift from the previous trading day.
Petrobras' Discoveries to Double the Gas Potential in Colombia
Two major gas discoveries off Colombia's coast by PBR could double the country's volume of gas reserves, providing crucial support amid growing demand.
Petrobras posts record gasoline production in the third quarter
Brazilian state-run oil firm Petrobras said on Monday it produced a record 6.38 billion liters of gasoline in the third quarter, without providing a comparison base for the figure.
Petrobras to Close Final Deal for Redeveloping the Tupi Oil Field
PBR is set to redevelop the Tupi oil field, boost production and resolve tax disputes, which are vital for Brazil's energy security and economic growth.
Petrobras Expands International Footprint With DWOB Acquisition
PBR plans to enter South Africa's Deep Western Orange Basin, acquiring a 10% stake in a consortium led by TotalEnergies, enhancing its exploration portfolio.
Petrobras (PBR) Surpasses Market Returns: Some Facts Worth Knowing
Petrobras (PBR) closed the most recent trading day at $14.95, moving +1.15% from the previous trading session.
Red alert as the Petrobras forms the risky diamond pattern
Petrobras (PBR) stock price has moved sideways in the past few months as traders focused on the ongoing oil and gas volatility. Its American ADRs were trading at $15 on Tuesday, down by over 10% from its highest point this year, meaning that it is in a correction.
Petrobras & Staatsolie Sign MoU to Explore Collaboration Opportunities
PBR believes that collaborating with Staatsolie might result in the adoption of more sustainable oil and gas practices, making its operations more resilient to climate change.
Petrobras: Double-Upgrade To Buy On New Exploration And Stable Management
Petrobras' new strategic plan to reportedly focus more on the core exploration & production business, with fixed allocations to low carbon M&A cut out. PBR should be able to repeat its highly successful offshore playbook in the Atlantic Margin and potentially Namibia, with geology in both comparable to the pre-salt, in our view. Political risks remain, yet with new management looking the most stable since the 2022 election and their commitment to the new plan, we see most recent concerns derisked.
