Petrobras (PBR) ended the recent trading session at $14.01, demonstrating a +1.37% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.25%. At the same time, the Dow added 0.77%, and the tech-heavy Nasdaq lost 0.79%.Shares of the oil and gas company have depreciated by 7.87% over the course of the past month, underperforming the Oils-Energy sector's loss of 5.24% and the S&P 500's gain of 3.59%.Analysts and investors alike will be keeping a close eye ...

herraez Petroleo Brasileiro S.A. - Petrobras (NYSE:PBR) is a Brazilian energy company with a long-term plan in place to grow energy production. Petrobras is chiefly a capital return play for investors and is seeing solid strength in key metrics such as EBITDA or free cash flow. OPEC+ recently made a favorable decision with regard to its supply dynamics, which could lead to an up-trend in petroleum prices... from which Petrobras could also benefit as a large-scale energy producer. I believe that shares o ...

The latest trading session saw Petrobras (PBR) ending at $13.59, denoting a -1.52% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a loss of 0.04% for the day. Meanwhile, the Dow lost 0.15%, and the Nasdaq, a tech-heavy index, added 0.12%.Shares of the oil and gas company have depreciated by 9.39% over the course of the past month, underperforming the Oils-Energy sector's loss of 6.02% and the S&P 500's gain of 4.15%.Analysts and investors alike will be keeping a ...

Petrobras S.A. (PBR) , the Brazilian state-owned energy giant, has joined forces with Curtiss-Wright Corporation (CW) to proceed with the development of a fully electric subsea pumping system. The system will be designed to make it significantly less reliant on the production platform.The partnership has decided to use hermetically sealed (canned) motors instead of traditional mechanical seals for the subsea pumping motors. This should significantly increase the efficiency and reliability of the pumping sys ...

Petrobras (PBR) , a Brazilian oil and gas company, and Shearwater GeoServices, a renowned seismic acquisition company, recently signed a five-year agreement. The partnership will focus on joint research and development (R&D) efforts to revolutionize seismic processing and acquisition technologies.This agreement built upon the existing successful collaborations between the two companies, which involved Marine Vibroseis technology and Reveal software licensing. The newly established Memorandum of Understandin ...

Petrobras (PBA) , recently announced its partnership with Baker Hughes (BKR) , one of the world's largest oil field services companies, for critical offshore oil and gas services in Brazil. This collaboration, set to commence in 2025, marks a significant milestone for each entity promising enhanced operational efficiency and unparalleled service delivery.Focus on Workover and Plug and Abandonment (P&A)At the heart of this agreement lies two well-lifecycle services. Workover activities involve interventions ...

Petrobras (PBR) ended the recent trading session at $14.59, demonstrating a +0.34% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.26% gain on the day. Elsewhere, the Dow gained 0.18%, while the tech-heavy Nasdaq added 0.35%.Coming into today, shares of the oil and gas company had lost 14.87% in the past month. In that same time, the Oils-Energy sector lost 3.91%, while the S&P 500 gained 3.25%.The investment community will be closely monitoring the performance of Petrobra ...

Petrobras (PBR) , the renowned Brazilian oil and gas company, awarded a significant contract to Vallourec S.A., a leading provider of tubular solutions, to supply premium carbon steel tubes with Glass Reinforced Epoxy ("GRE") liners and corrosion-resistant alloy accessories.These advanced products are expected to play a key role in various offshore development wells, primarily in the pre-salt Campos Basin offshore Brazil. This new contract is an extension of a three-year agreement between the two companies ...

Petrobras (PBR) , the Brazilian oil and gas company, divested its 30% stake in Brentech Energia SA to its joint venture partner, Enegen Participações Ltda, which owned the remaining 70%. This deal was closed by the signing of the share purchase agreement, without any precedent conditions. The transaction was valued at BRL 10.6 million (approximately $2 million), paid in full at the signing.Strategic Alignment With Decarbonization GoalsPBR's Decarbonization Strategy: This sale aligned with PBR’s broader stra ...

Petrobras (PBR) , Brazil's national oil and gas company, has awarded Subsea 7 S.A. (SUBCY) a contract for the development of the Búzios 9 field. This field is located approximately 180 kilometers off the coast of Rio de Janeiro, Brazil, in the pre-salt Santos basin at a depth of 2,000 meters. This deal, which is valued at more than $1.25 billion, signifies a win for both companies.Scope of the ContractThe contract includes the engineering, procurement, fabrication, installation and pre-commissioning of 102 ...