Brazil's state-run oil firm Petrobras is considering canceling a tender to charter a production storage and offloading vessel (FPSO) from India's Shapoorji Pallonji Energy, two sources with knowledge of the matter told Reuters.
As Petrobras gears up to report Q4 earnings on Feb. 26, let's find out how the expectations stack up. Also, know how to play the stock ahead of results.
High Rates, High Returns: How Petrobras Thrives Amid Treasury Turmoil
In the latest trading session, Petrobras (PBR) closed at $14.83, marking a +0.47% move from the previous day.
PBR has started oil production at the Buzios field with its high-capacity FPSO, Almirante Tamandare.
Brazilian state-run oil firm Petrobras expects to boost its diesel output by some 120,000 barrels per day (bpd) this year due to the expansion of S-10 diesel production in some of its refineries, the firm's industrial processes head said.
PBR's latest discovery in the Buzios Field highlights the potential for additional reserves beneath the main reservoir.
Brazilian oil firm Petrobras expects to ready a veterinary center in the Amazon to care for animals in the event of an oil spill by the end of March, two sources told Reuters on Monday.
Brazilian state-run oil firm Petrobras has confirmed the presence of oil in a well at its offshore Buzios field, the firm said on Friday, without giving details on the size of the discovery.
PBR is targeting oil assets, particularly in Angola, Namibia and South Africa, to boost its reserves. It aims to reach a production level of 2.8 million barrels per day (bpd) in 2025.
Petrobras (PBR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
PBR lets onshore drilling contracts to EBS and Conterp to boost oil and gas production in Bahia, creating jobs and strengthening Brazil's energy sector.