QUOTE AND NEWS
Reuters  Sep 18  Comment 
Brazil's state-run oil company, Petroleo Brasileiro SA, will sign a contract to build and lease a floating production ship for its giant Libra offshore project this month, company Chief Executive Maria das Gracas Foster said on Thursday.
Reuters  Sep 17  Comment 
Royal Dutch Shell Plc and Total SA must accept Brazil's state-run Petrobras as a partner in their Gato do Mato offshore oil prospect under new Brazilian law, the country's top oil regulator said Wednesday, a move that could strip Shell of...
TheStreet.com  Sep 16  Comment 
NEW YORK (TheStreet) -- Shares ofaPetrobrasa rose 7.44% to $17.77 in afternoon trading Tuesday amid speculation that a voter poll would show decreased support for Brazilian president Dilma Rousseff in October's election. Petrobras is dealing...
Forbes  Sep 16  Comment 
The rise in Petrobras’ hydrocarbon production was primarily driven by the ramp up of P-55 and P-58 platforms at Roncador and Parque das Baleias (Whale Park) fields, respectively. Both the fields are located in the offshore Campos Basin that...
OilVoice  Sep 15  Comment 
Aker Solutions39 subsidiary Aker Oilfield Services AKOFS has won a contract worth USD 465 million over five years from Petrobras to provide subsea intervention services offshore Brazil from the A
OilVoice  Sep 15  Comment 
Petrobras39 consolidated oil and natural gas production in Brazil and abroad reached 2759 thousand barrels of oil equivalent per day boed rising 2.2 from a reported production of 2699 thousan
TheStreet.com  Sep 12  Comment 
NEW YORK (TheStreet) -- Shares of Petrobras continued to decline 4.08% to $16.91 on Friday amid an investigation into allegations that the Brazilian state-owned energy company had bribed government officials, according to Bloomberg. Sao...




RELATED WIKI ARTICLES
 

Petroleo Brasileiro SA, also known as Petrobras, is a Brazil based holding company that engages in the exploration, production, refining, and sale of crude oil and other energy sources. Petrobras operates over 100 production platforms, 16 refineries, 30,000 kilometers of transportation ducts and more than 6,000 gas station in Brazil, Argentina, Mexico, Portugal, the United States, Peru and Turkey.[1]

While almost all of Petrobras’s barrels of oil and gas reserves come from Brazil, the company has the potential of becoming a major net exporter of oil.[2] In particular, Chinese energy companies and Chinese banks agreed in to finance the development of Petrobras’s offshore oil fields in exchange for guaranteed supplies of oil once the fields developed. However, low oil prices have the potential of reducing Petrobras’s exploration efforts because of the expensive equipment and technology required to develop deepwater oilfields.[3] Despite low gasoline and diesel prices, Petrobras plans to continue expanding its domestic refining and distribution operations.


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Competition

Petrobras remains the largest government owned oil company in Brazil, so it faces very little competition on its home turf. It is difficult for competitors to enter the market given the preferential treatment Petrobras has with the Brazilian government. Despite the opening up of the Brazilian oil market, Petrobras has maintained its market share.



References

  1. Reuters: PBR Profile
  2. Reuters: PBR Profile
  3. moneymornings.com: Petrobras will be poised for big economic gains
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