Reuters reported that Brazil-based Petroleo Brasileiro SA (NYSE:PBR), also known as Petrobras, said that its deepwater oil field south of Rio de Janeiro contains "good quality" crude that is a relatively light grade, meaning that it will be cheaper to refine than oil at Petrobras' other Brazilian operations.
Articles Tagged "NYSE:PBR"
Bloomberg reported that Petroleo Brasileiro SA (NYSE:PBR), better known as Petrobras, is reviewing its investment in a Peruvian joint natural gas project with Repsol SA as it divests assets to better focus on developing its offshore oil reserves.
Oil companies are hoping this latest major find will provide further justification for speeding up the permit issuing process for deepwater drilling in the Gulf of Mexico.
A brief look at 3 oil exploration hotspots, all of which have already produced multi-billion barrel finds of recoverable crude in the last few years, and that may still hold much more.
Within the international oil and gas industry publicly traded companies do not share the same scale or degree of influence compared to the larger state-owned national energy giants. The following list showcases the top 10 oil and gas companies.