A PBR & Pemex tie-up is proposed by Brazil to revive Mexico's oil output while boosting deepwater exploration in the Gulf of Mexico.
Brazil's Petrobras will hold off on raising diesel prices in the short term, three sources told Reuters, as the state-run oil firm sticks with its strategy of not passing swings in prices abroad on to local consumers.
Brazilian President Luiz Inacio Lula da Silva said on Friday that state-run oil company Petrobras will seek to buy back a refinery in Bahia state that was sold to Abu Dhabi's sovereign fund Mubadala in 2021, under his predecessor Jair Bolsonaro.
PBR announces Copoazu-1 gas discovery offshore Colombia, boosting deepwater prospects and unlocking GUA-OFF-0 Block potential.
Brazilian state-run oil firm Petrobras' refineries are set to operate at 98.5% of capacity in April, amid what is becoming a "longer-than-expected" conflict in the Middle East, Chief Executive Magda Chambriard said on Wednesday.
Petrobras (PBR) concluded the recent trading session at $19.51, signifying a +1.77% move from its prior day's close.
PBR moves to full ownership of key offshore fields, boosting output control and reinforcing its deepwater growth strategy in Brazil.
Aquatic Capital Management LLC bought a new position in Petroleo Brasileiro S.A.- Petrobras (NYSE: PBR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 792,742 shares of the oil and gas exploration company's stock, valued at approximately $10,036,000. Other
Brazilian state-run oil company Petrobras will hike the price of diesel sold to distributors by 0.38 reais ($0.0725) per liter starting March 14, it said in a statement on Friday.
PBR inks a $736M deal with Oceanica for six offshore support vessels, expanding subsea inspection, maintenance and intervention across Brazil's offshore fields.
PBR achieves first gas injection on P-78 FPSO just 61 days after first oil, boosting output at Brazil's giant Buzios field and advancing its pre-salt growth plan.
Petrobras announces to invest $28.7M in Libra Rocks to boost AI-driven geological modeling at the Mero field, aiming to improve recovery and cut uncertainty in Brazil's key pre-salt asset.