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  1. Brazil's Cemig to pay 600 mln reais for Petrobras stake in Gasmig

    Headlines

    Fri, 18 Jul 2014

    SAO PAULO, July 18 (Reuters) - Brazil's state-controlled oil company Petróleo Brasileiro SA agreed to sell a stake in a Brazilian natural gas distributor to power holding company Cia Energética de Minas Gerais SA for 600 million reais ($269 million).

  2. Petrobras surges as Rousseff loses ground in latest poll

    Headlines

    Fri, 18 Jul 2014

    Petrobras (NYSE: PBR ) +4.8% premarket as the first poll released after the humiliation ..... though the unemployment rate remains close to historic lows. Yesterday , PBR reported that it is in talks to sell its 40% stake in natural gas distributor

  3. Petrobras reportedly to miss ethanol relief in 2014

    Headlines

    Thu, 17 Jul 2014

    postpone potential relief from subsidized fuel imports for Petrobras (NYSE: PBR ). The government is waiting to decide whether to boost ..... boost the blend, a government source tells Bloomberg. PBR has posted more than $40B in refining and distribution

  4. Petrobras confirms ongoing negotiations for Gasmig sale

    Headlines

    Thu, 17 Jul 2014

    Petrobras ( PBR +1.2% ) rises after reporting it is in talks to sell its 40% stake in ..... electricity holding company Cia Energética de Minas Gerais ( CIG +0.2% ). PBR says a sale is part of its plan to shed non-core assets; no details on

  5. Cramer's Mad Money - 5 Picks From The Delivering Alpha Conference (7/16/14)

    Headlines

    Thu, 17 Jul 2014

    Program, Wednesday July 16. 5 Picks from the Delivering Alpha Conference: Thermo Fisher Scientific (NYSE: TMO ), Petrobras (NYSE: PBR ), Citigroup (NYSE: C ), National Oilwell Varco (NYSE: NOV ), Flextronics (NASDAQ: FLEX ) Other stocks

  6. Petrobras in talks to sell 40 pct stake in Brazil's Gasmig

    Headlines

    Wed, 16 Jul 2014

    SAO PAULO, July 16 (Reuters) - Brazil's state-controlled oil company Petróleo Brasileiro SA is in talks to sell the 40 percent stake it owns of a Brazilian natural gas distributor to electricity holding company Cia Energética de Minas Gerais SA .

  7. Report: Petrobras to seek contract extensions at biggest fields

    Headlines

    Wed, 16 Jul 2014

    Petrobras ( PBR +0.7% ) is seeking to extend contracts in its main production region ..... the deposits past 2025 when they are set to expire, Bloomberg reports. PBR is said to have requested extensions for dozens of fields in the Campos Basin

  8. Brazil's Cup rout may be lifting Petrobras , as hopes grow for Rousseff ouster

    Headlines

    Wed, 9 Jul 2014

    may have provided a boost today for Petrobras ( PBR +3.6% ) shares, as the theory ..... government meddling in business, hurting PBR and other companies; for Brazil ..... Recent reports also say the fields PBR operates in the pre-salt areas of

  9. Petrobras says end of SBM contracts could cut profit by $15B

    Headlines

    Mon, 7 Jul 2014

    Petrobras ' ( PBR -0.4% ) profit could be reduced by $15B between 2014 and 2018 if it ..... amount of lost oil and natural gas output and additional spending needed if PBR had to stop using the floating oil production platforms leased from SBM

  10. Seadrill, SapuraKencana JV's first pipe-laying vessel starts Petrobras job

    Headlines

    Thu, 3 Jul 2014

    Seadrill ( SDRL ) says it has started work with its first pipe-laying vessel in Brazil's offshore Campos Basin for Petrobras , three months ahead of the contracted delivery date. The five-year project to be completed through a SDRL joint venture

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