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Brazil's Petrobras announces gas find off Colombian coast

2014-12-03 11:18:19| Jewelry - Topix.net

Brazil's state-run oil company Petroleo Brasileiro SA said on Tuesday it had found natural gas in an exploratory well off the Colombian coast, the first deep-water discovery in Colombia's Caribbean waters. Petrobras is the operator of the Bloco Tayrona area, with a 40 percent stake.

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Petrobras Internal Texas Refinery Probe Recommends Penalties

2014-11-28 01:50:47| Oil & Gas - Topix.net

Petroleo Brasileiro SA's internal investigation into its Pasadena, Texas refinery recommends penalties for a group of employees, said a member of the company's board of directors. Reports on the Abreu e Lima and Comperj refineries, where costs exceeded the state-run oil producer's original estimates, will be presented at a Dec. 12 board meeting, Sergio Quintella, a member of the board, told reporters in Rio de Janeiro today.

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Petroleo Brasileiro Petrobras SA Cut to Underperform at Zacks

2014-11-27 21:40:59| Oil & Gas - Topix.net

They currently have a $9.75 price objective on the stock. Zacks 's price objective would suggest a potential downside of 8.02% from the company's current price.

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Scandal strains Brazil's giant Petrobras

2014-11-21 01:32:01| BBC News | Business | UK Edition

The mammoth corruption scandal surrounding Brazil's oil colossus Petrobras

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Morgan Stanley sees Petrobras scandal write-offs of up to $8.1 billion

2014-11-19 23:21:58| Oil & Gas - Topix.net

Petroleo Brasileiro SA could slash the value of its assets by as much as 21 billion reais and cut dividends as a result of an ongoing investigation into alleged graft and money-laundering at Brazil's state-controlled oil producer, analysts at Morgan Stanley & Co said in a client note. ), as the company is known, under review and was reassessing earnings estimates as a consequence of the scandal.

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