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Petróleo Brasileiro S.A. - Petrobras - PBR STOCK NEWS

Welcome to our dedicated page for Petróleo Brasileiro S.A. - Petrobras news (Ticker: PBR), a resource for investors and traders seeking the latest updates and insights on Petróleo Brasileiro S.A. - Petrobras stock.

Petróleo Brasileiro S.A., commonly known as Petrobras (symbol: PBR), is a state-owned Brazilian multinational corporation in the petroleum industry, headquartered in Rio de Janeiro, Brazil. This leading energy company focuses on the exploration and production of oil and gas, predominantly in Brazilian offshore fields. With a production output of 2.8 million barrels of oil equivalent per day in 2023, where 80% is oil, Petrobras is a significant player in the global energy market.

In terms of reserves, the company holds an impressive 10.9 billion barrels of oil equivalent, with 85% being oil. Petrobras operates ten refineries across Brazil, boasting a substantial capacity of 1.8 million barrels per day. This enables the company to distribute refined products and natural gas throughout the country, ensuring a steady supply of energy to meet domestic needs.

Petrobras' portfolio includes various partnerships and projects aimed at enhancing its production capabilities and technological advancements. The corporation is controlled by the Brazilian government, which provides a stable backing for its extensive operations.

Recent news highlights indicate ongoing developments and achievements within the company. For instance, recent collaborations and technological innovations are positioning Petrobras to further expand its influence and operational efficiency in the energy sector.

Petrobras remains a key player in the global oil and gas industry, contributing significantly to Brazil's economy while continuously exploring new opportunities for growth and sustainability.

Rhea-AI Summary
SLB has been awarded three completion contracts by Petrobras for the development of the Buzios Wave II oilfield, focusing on electric and digital-ready completions. The contracts aim to support Petrobras' move toward production system electrification, enhancing completion reliability and production availability. The technology developed at SLB's Taubaté Engineering Center in Brazil will be utilized in the Buzios field and potentially benefit other operators in Brazilian pre-salt fields.
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Curtiss-Wright Corporation (CW) has signed a Technology Cooperation Agreement with PETRÓLEO BRASILEIRO S.A. – PETROBRAS (PBR) to develop a Subsea Canned Motor Boosting System for a Petrobras production field in Brazil. The system aims to enhance subsea production efficiency and reliability, offering an all-electric solution with reduced outages and production interruptions.
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FAQ

What is Petrobras?

Petrobras, or Petróleo Brasileiro S.A., is a state-owned Brazilian multinational corporation in the petroleum industry.

Where is Petrobras headquartered?

Petrobras is headquartered in Rio de Janeiro, Brazil.

What does Petrobras do?

Petrobras focuses on the exploration and production of oil and gas, mainly in Brazilian offshore fields.

What was Petrobras' production output in 2023?

In 2023, Petrobras produced 2.8 million barrels of oil equivalent per day, with 80% being oil.

How many refineries does Petrobras operate?

Petrobras operates ten refineries in Brazil.

What is the refining capacity of Petrobras?

Petrobras' refining capacity is 1.8 million barrels per day.

What are Petrobras' oil reserves?

Petrobras' oil reserves stand at 10.9 billion barrels of oil equivalent, with 85% being oil.

What role does the Brazilian government play in Petrobras?

The Brazilian government controls Petrobras, providing stability and support for its operations.

What recent developments have been made by Petrobras?

Petrobras has made advancements through partnerships and technological innovations to enhance its production and efficiency.

Why is Petrobras significant in the global energy market?

Petrobras is a key player due to its substantial production, vast reserves, and role in Brazil's economy and energy supply.

Petróleo Brasileiro S.A. - Petrobras

NYSE:PBR

PBR Rankings

PBR Stock Data

93.95B
7.44B
0.01%
20.82%
0.38%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
Rio De Janeiro