PBR - Petróleo Brasileiro S.A. - Petrobras
Brazilian state-run oil company Petrobras said on Friday it had made a new oil discovery in ultra-deep waters off Amapa state, an area known as equatorial margin that it considers its most promising new oil frontier.
PBR's P-80 platform heads to Brazil's Buzios field, bringing 225,000 barrels of daily oil capacity and advanced technology.
Petrobras remains a compelling long-term investment as production growth is secured and not contingent on Brazil's election outcome. PBR's Q2 net income nearly doubled Y/Y on record production, with new platforms set to add 450,000 barrels/day and a 45% free cash flow payout policy intact. The recent high-quality oil discovery in the Foz do Amazonas basin offers significant upside, with additional exploration approvals and potential parallels to Guyana.
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Cheniere Energy expands its LNG portfolio with a 22-year Petrobras deal, adding contracted volumes and supporting brownfield capacity growth.
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US LNG exporter Cheniere Energy said on Tuesday its marketing unit has entered into a long-term liquefied natural gas sale and purchase agreement with Petrobras for 22 years.
HOUSTON--(BUSINESS WIRE)--Cheniere and Petrobras Sign Long-Term LNG Sale and Purchase Agreement.
PBR is limiting potential funding for Braskem as the petrochemical producer restructures debt, preserving capital for exploration and growth.
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Petrobras (PBR) closed the most recent trading day at $20.37, moving 2.26% from the previous trading session.
PBR expands international cooperation with Mozambique's ENH, opening a framework to evaluate oil and gas projects and share technical expertise.
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PBR may add its Sirius offshore gas project in Colombia to its 2027-2031 plan if it secures environmental approval.
Petrobras (PBR) concluded the recent trading session at $21.14, signifying a +1.83% move from its prior day's close.
Brazil's state-run oil firm Petrobras may consider the Sirius offshore gas project in Colombia as part of the production curve to be unveiled in its 2027-2031 business plan later this year, a company executive said on Wednesday.
Brazil's state-run oil firm Petrobras will have a drillship in Foz do Amazonas in January to start work on three new wells, Renata Baruzzi, director of engineering, technology and innovation, said on Tuesday.
PBR expands in Ivory Coast with eight offshore blocks, boosting African exploration footprint as it seeks to replenish reserves.
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