Petrobras investors were stunned again as the market sent PBR into a bear market. The dismissal of PBR's ex-CEO has intensified concerns about interference by the Lula administration. Investors will likely take time to assess PBR's new top leadership team.
Petrobras (PBR), in partnership with Ecopetrol, begins drilling the Uchuva-2 well on Colombia's Caribbean coast to validate the significant Uchuva-1 gas discovery and enhance gas supply.
In the closing of the recent trading day, Petrobras (PBR) stood at $14.01, denoting a +1.37% change from the preceding trading day.
The ongoing strike at Brazil's environmental agency Ibama is impacting the analysis of Petrobras' request to drill a well in the Equatorial Margin, an Ibama official told Reuters on Thursday.
Petrobras is a capital return play with solid growth potential. OPEC+ price support measures could boost longer-term petroleum prices, making Petrobras stock an attractive investment. Petrobras generated $6.5B in free cash flow in Q1 and continues to pay shareholders a healthy regular dividend.
The chief executive of Brazilian oil giant Petrobras , Madga Chambriard, said the country's president asked her to work toward boosting the nation's economy while maintaining profitability at the oil firm.
The head of Brazil's environmental agency said on Wednesday that he expects a decision soon on state-owned oil company Petrobras' request to conduct exploratory studies in a region known as the Equatorial Margin, as both the company and the government push for a drilling license.
Petrobras (PBR) awards Solstad Offshore multi-year contracts worth $243 million for three vessels, enhancing operational efficiency in Brazil.
In the most recent trading session, Petrobras (PBR) closed at $13.59, indicating a -1.52% shift from the previous trading day.
Petrobras (PBR) collaborates with Curtiss-Wright (CW) to develop a fully electric subsea pumping system that will use hermetically sealed motors instead of traditional mechanical seals.
The chief executive of Brazilian state-run oil company Petrobras , Magda Chambriard, is expected to announce the firm's new management team later on Friday, newspaper O Globo reported.
Petrobras (PBR) and Shearwater GeoServices sign a five-year agreement to advance seismic tech by enhancing seismic data quality, efficiency and innovation in oil and gas exploration.