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Tag: petrobras
Petrobras case nets top businessmen
2015-06-19 17:33:42| BBC News | Business | UK Edition
The head of two of Brazil's leading construction firms are arrested as part of a major investigation into corruption at state-owned oil giant Petrobras.
Tags: top
case
nets
businessmen
Petrobras halts production offshore Marlim Sul field due to gas leak
2015-06-17 01:00:00| Offshore Technology
Petroleo Brasileiro (Petrobras) has ceased production from its semisubmersible production platform in the offshore Marlim Sul field following a gas leak on the vessel.
Tags: due
field
production
sul
Petrobras cuts delayed until July and Govt oil-policy plan -sources
2015-06-16 17:14:53| Oil & Gas - Topix.net
Brazil's state-run oil company Petrobras will likely delay details of major cuts to its $221 billion five-year spending plan until July, two sources said, when the government plans to announce a rescue program for the industry. Petrobas, which is struggling with a corruption scandal, falling oil prices, stagnant output, and the largest debt of any oil company, had planned to announce deep spending cuts, expected to be about 30 percent of the proposed spending, by the end of June.
Tags: plan
july
sources
delayed
Petrobras (PBR) Stock Gains on JPMorgan Upgrade
2015-06-15 20:22:37| Oil & Gas - Topix.net
In a note to investors, JPMorgan upgraded Petrobras to "overweight" from "neutral," according to Barron's . The analyst firm set a price target of $10.50 for the oil company, highlighting its efforts to improve investors' confidence.
Tags: stock
upgrade
gains
jpmorgan
Petrobras (PBR) Stock Gains as Oil Prices Increase
2015-06-09 19:16:04| Oil & Gas - Topix.net
WTI crude oil for July delivery was up 3.1% to $59.96 a barrel early Tuesday afternoon, and Brent crude oil for July delivery was up 3.1% to $64.66 a barrel. Oil prices were falling after the U.S. Energy Information Administration said it expects shale oil production to fall by 91,000 barrels a day to 5.5 million barrels a day in July when compared to June production rates, according to the Wall Street Journal .
Tags: stock
increase
prices
oil
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