* Prices offered Petrobras have not met initial expectations
RIO DE JANEIRO, May 24 (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro SA said on Friday that its executive directors rejected offers to buy company assets in Argentina.
By Jeff Williams : Deepwater and Ultra-Deepwater exploration and drilling have shown a remarkable increase over the past few years. This is due in part to the development of new technologies which have reduced operational costs and risks, as well as the finding of reservoirs that will produce high
SAO PAULO, May 24 (Reuters) - State-run Petróleo Brasileiro SA, which is undertaking a major drive to sell assets outside Brazil, sold a 12 percent stake in a Tanzania bloc to a unit of Statoil AS,...
the firm in a poor state to handle any project overruns. Saipem has lost both the Shell Prelude FLNG effort as well as a Petrobras FLNG effort to peer Technip. The losses place Saipem behind its peer in developing FLNG expertise in what could be a very
Petrobras ( PBR -0.5% ) reportedly is finding it hard to pump oil at one of Brazil’s largest prospects, signaling its venture with BG
By Kevin Quon : MEMC Electronic Materials Inc ( WFR ) has found its shares on an extended run in recent weeks. This is the case as a pickup in the solar industry has provided additional support for the company's shares. Shown in the chart below, a comparison with other peer companies in the ...
By George Acs : I'm not certain that I understand the chorus of those claiming that our current market reminds them of 1999. Mind you, I'm as cautious, maybe much more so than the next guy and have been awaiting some kind of a correction for more than 2 months now, but I just don't see the ...
Witness the reception of the majority state-owned Petrobras ’ [ PBR ] 10-yr, $11 billion bond issue that was oversubscribed ..... and 160 bps over Brazilian 10-yr]. Of course, the PBR stock is hated and under-owned. Many non-EM-bond
NEW YORK, May 17 (IFR) - By raising a combined US$14.25bn in one day, Brazil's Petrobras and Indonesia's Pertamina underscored the enormous bid for emerging market credits.