QUOTE AND NEWS
SeekingAlpha  Aug 28  Comment 
By Alpha Strategist: Petroleo Brasilerio S.A. (NYSE:PBR) is one of the largest companies in Latin America in terms of annual sales revenues. The company has been producing approximately 90 percent of Brazil's total oil production. During the...
TheStreet.com  Aug 27  Comment 
NEW YORK (TheStreet) --aPetrobrasa hit a new 52-week high of $19.32 one day after the Brazilian state-owned oil and natural gas company announced it had found more gas and light oil at its second extension well. The ultra-deepwater well,...
TheStreet.com  Aug 26  Comment 
NEW YORK (TheStreet) --aPetrobrasa rose to a 52-week high of $18.60 on Tuesday after the Brazilian state-owned oil and natural gas company confirmed it has found more gas and light oil at itsasecond extension well, 3-BRSA-1244-SES/3-SES-182, more...
OilVoice  Aug 26  Comment 
Wood Group Kenny WGK has won two contracts with a total value of over 2 million with Brazilian operator Petrobras. In the first Wood Group Kenny has begun a conceptual engineering study of two al
TheStreet.com  Aug 25  Comment 
NEW YORK (TheStreet) -- TheStreet Ratings team rates Petrobrasa aas a "hold" with a ratings score of C. The stock was up 4.13% to $17.91 at 1:55 p.m.a TheStreet Ratings Team has this to say about their recommendation: "We rate PETROBRAS-PETROLEO...
TheStreet.com  Aug 22  Comment 
NEW YORK (TheStreet) -- Shares of Petrobras-Petroleo Brasilier are down 3.67% to $17.08 after it was reported that prosecutors in Brazilaare widening a money laundering investigation linked to the state-run oil and gas companyaas a court...




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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