QUOTE AND NEWS
SeekingAlpha  Apr 9  Comment 
By Hawkinvest: As a contrarian investor, I prefer to buy out of favor assets that are mis-priced and trading at bargain levels. That is what led me to write an article and buy Petrobras (PBR) for about $10 per share recently. Since that article...
OilVoice  Apr 9  Comment 
Aker Solutions won a contract worth more than USD 300 million from Petrobras to supply eight manifolds that alternately inject water and gas to increase oil recovery from Brazil39s deepwater offsho
OilVoice  Apr 9  Comment 
Petroleo Brasileiro SA borrowed 4 billion reais 1.8 billion in a 17year loan from Banco Bradesco SA to help pay for work on the Abreu e Lima refinery in northeastern Brazil a source with direct k
Reuters  Apr 8  Comment 
Petroleo Brasileiro SA borrowed 4 billion reais ($1.8 billion) in a 17-year loan from Banco Bradesco SA to help pay for work on the Abreu e Lima refinery in northeastern...
Bloomberg  Apr 8  Comment 
Minority shareholders in Brazil are escalating a fight for fair treatment. So far, they’re losing.
TheStreet.com  Apr 8  Comment 
NEW YORK (TheStreet) -- Petroleo Brasileiro Petrobas continued to rise on Tuesday after oil and gas company's Monday announcement that its 7-SPH-04-SPS well had gone online. The well started to operate on April 3 at depths of 2,120 meters....
OilVoice  Apr 8  Comment 
Petroleo Brasileiro SA on Monday denied that it had shelved plans to sell debt in local and international markets later this year after a series of scandals involving the Brazilian statecontrolled oi
Reuters  Apr 7  Comment 
Brazilian state-controlled oil company Petroleo Brasileiro SA, which has been hit by a series of scandals, shelved plans to sell debt in local and international debt markets later this year, a source with direct knowledge of the situation said on...
TheStreet.com  Apr 7  Comment 
NEW YORK (TheStreet) -- Petroleo Brasileiro Petrobas stock is up 7.14% to $14.26 on Monday as it announced that the oil and gas company's "7-SPH-04-SPS Well" went online. The well began operating on April 3 at depths of 2,120 meters. The...




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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