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Zacks News
Petrobras Eyes 40% Ownership in Namibia's Mopane Oil Block
by Zacks Equity Research
PBR seeks to acquire the entire 40% stake in Namibia's Mopane oil field from Galp, highlighting the operational challenges of less than that.
TechnipFMC Secures Two Petrobras Subsea Contracts in Brazil
by Zacks Equity Research
FTI bags two major contracts from Petrobras to enhance subsea production systems, extending its expertise in Brazil's pre-salt oil fields.
Is SLB's Premium Stock Valuation Still Justified? Buy, Sell, or Hold?
by Nilanjan Banerjee
SLB's strong fundamentals drive premium valuations with high growth expectations, but there remains some uncertainty.
Is It Worth Investing in Petrobras (PBR) Based on Wall Street's Bullish Views?
by Zacks Equity Research
Based on the average brokerage recommendation (ABR), Petrobras (PBR) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?
Petrobras (PBR) Advances But Underperforms Market: Key Facts
by Zacks Equity Research
Petrobras (PBR) closed at $14.66 in the latest trading session, marking a +0.55% move from the prior day.
2 Stocks to Gain From Upward Pressure on Deepwater Dayrates
by Nilanjan Choudhury
The expected dayrate increase will help specialized deepwater operators like FTI and SLB.
Petrobras Shifts Focus to Oil and Gas, Reveals New Strategic Plan
by Zacks Equity Research
PBR's new plan places a higher emphasis on its upstream operations in a bid to rebuild reserves.
Petrobras' CFO Commits "Realistic" Budgeting in New Business Plan
by Zacks Equity Research
PBR's CFO outlines a "realistic" 2025-2029 plan with a potential debt ceiling increase and a focus on expanding oil and gas reserves.
Petrobras' Drilling Plans Offshore Colombia Suffer Legal Setbacks
by Zacks Equity Research
PBR and EC receive court orders to halt the drilling of a gas well in Colombia's Caribbean waters after an indigenous community filed a legal suit.
Petrobras (PBR) Outperforms Broader Market: What You Need to Know
by Zacks Equity Research
Petrobras (PBR) concluded the recent trading session at $14.53, signifying a +0.62% move from its prior day's close.
NVIDIA GPUs Powering Upstream Business: SHEL, SLB, PBR Stocks to Gain
by Nilanjan Banerjee
Energy firms like SHEL, SLB & PBR are worth watching, as they are already leveraging NVIDIA GPUs to run complex simulations and enhance overall productivity.
Petrobras Accelerates Its Plan to Re-Enter Fertilizer Industry
by Zacks Equity Research
PBR expedites its re-entry into the fertilizer industry, considering a $800 million investment in a plant to enhance Brazil's agricultural sector.
Petrobras Signs Concession Contracts for Blocks in the Pelotas Basin
by Zacks Equity Research
PBR, in partnership with SHEL, signs 26 concession contracts for several blocks located in the Pelotas Basin, off the southern coast of Brazil.
Petrobras, TGS Enter Tech and Research Partnership in Brazil
by Zacks Equity Research
PBR and TGS ink a MOU to enhance Brazil's energy sector with advancements in oil and gas exploration, production efficiency and renewable energy technologies.
Petrobras, Helix Ink Lucrative $786M Well Intervention Deals
by Zacks Equity Research
PBR and Helix Energy Solutions sign new three-year contracts for the Siem Helix 1 & 2 vessels to provide well-intervention services in Brazil.
Petrobras Seeks to Increase Energy Imports From Argentina
by Turjya Saha
PBR is eyeing Argentina's Vaca Muerta shale gas region to diversify its natural gas supplies and support Brazil's industrial growth.
SLB Stock Declines 14.9% YTD: Should You Hold It or Stay Away?
by Nilanjan Banerjee
SLB is expanding into the carbon capture market, which is still in its early stages. Despite this, the firm is likely to achieve industry-leading margins.
Subsea Capex to Surge: Which Companies Will Gain the Most?
by Nilanjan Choudhury
A robust and resilient subsea market will benefit specialized operators like TechnipFMC (FTI) and SLB (SLB).
Petrobras (PBR) Plans to Boost Production With Digital Twin
by Zacks Equity Research
Petrobras (PBR) plans to deploy the digital twin tools in maritime wells across other units before the year's end to boost production efficiency by around 1%.
Halliburton (HAL) Secures Multi-Year Contract With Petrobras
by Zacks Equity Research
Halliburton (HAL) secures a multi-year contract with Petrobras for a full range of offshore well services in Brazil, starting from the second quarter of 2025.
Petrobras (PBR) Q2 Earnings in Line on Production Growth
by Zacks Equity Research
As of Jun 30, 2024, Petrobras (PBR) records a net debt of $46,160 million. The company ends the quarter with cash and cash equivalents of $7,884 million.
Petrobras' (PBR) Uchuva-2 Well Confirms Major Gas Discovery
by Zacks Equity Research
Petrobras (PBR) highlights that the Uchuva-2 well can provide relevant information for developing a new exploration and production frontier in Colombian waters.
Will Petrobras (PBR) Report Q2 Earnings Beat on Output Gains?
by Zacks Equity Research
Petrobras (PBR) beat the Zacks Consensus Estimate for earnings just once in the last four quarters and missed in the other three.
Why Petrobras (PBR) Dipped More Than Broader Market Today
by Zacks Equity Research
In the latest trading session, Petrobras (PBR) closed at $14.06, marking a -0.85% move from the previous day.
Investors Heavily Search Petroleo Brasileiro S.A.- Petrobras (PBR): Here is What You Need to Know
by Zacks Equity Research
Recently, Zacks.com users have been paying close attention to Petrobras (PBR). This makes it worthwhile to examine what the stock has in store.