Benzinga  Jun 24  Comment 
Petróleo Brasileiro S.A. (NYSE: PBR) revealed that its fully-owned subsidiary Petrobras Global Finance B.V. is amending the terms of its earlier announced offer to acquire all of PGF's 8.375% Global Notes due 2018 for cash. The company also...
OilVoice  Jun 23  Comment 
Subsea 7 S.A. Oslo Boslashrs SUBC ADR SUBCY announced today an agreement to substitute a Pipelay Support Vessel PLSV working on a dayrate contract for Petrobras offshore Brazil. Petrobras
Forbes  Jun 20  Comment 
The arguments to keep Petrobras as Brazil's oil monopoly are weaker than the company's balance sheet.
Wall Street Journal  Jun 19  Comment 
The new chief executive of Petrobras has vowed to return Brazil’s troubled state oil company to “greatness” by shedding assets—and outdated ideologies.
New York Times  Jun 17  Comment 
The minister, Henrique Alves, is the third minister to step down amid a sweeping graft investigation of the state oil company Petrobras.
Clusterstock  Jun 17  Comment 
BRASILIA (Reuters) - The new chief executive of Brazil's state-run oil company Petrobras , at the center of a huge corruption scandal, said on Thursday that the investigation would continue relentlessly with the full support of the board. In his...
Reuters  Jun 15  Comment 
Brazil's state-controlled oil company Petróleo Brasileiro SA has kicked off a competitive auction process to sell Liquigás Distribuidora SA, a subsidiary focused on the...
Benzinga  Jun 13  Comment 
Petroleo Brasileiro SA Petrobras (ADR) (NYSE: PBR) hosted a meeting with analysts on June 10. Morgan Stanley’s Bruno Montanari maintained an Equal-weight rating for the company, while saying that the balanced and down-to-earth approach of new...
Benzinga  Jun 13  Comment 
Petroleo Brasileiro SA Petrobras (ADR) (NYSE: PBR) hosted a meeting with sell-side analysts on June 10, as part of its efforts to strengthen the relationship with the market and discusses issues. Credit Suisse’s Andre Natal mentioned four...


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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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.


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