Petrobras (PBR) , Brazil's state-owned integrated oil and gas company, has implemented a 7% increase in jet fuel prices, effective Jan. 1, 2025. This price adjustment affects key markets such as Betim, Guarulhos and Duque de Caxias, as well as other major aviation hubs throughout Brazil. This move highlights PBR’s ongoing efforts to align its fuel pricing with global market dynamics, including volatile oil prices and exchange rate fluctuations.Why PBR is Increasing Jet Fuel PricesPetrobras’ decision to rais ...

The Brazilian oil company Petrobras (NYSE: PBR ) has been a bit of a miss for me since my last update 1.75 years ago as it has handily outperformed the S&P 500 ( SPYProviding alpha-generating investment ideas. I am an independent investor managing my family's portfolio, primarily via a Self Managed Super Fund. You can expect my articles to deliver a clearly structured, evidence-based thesis. But first and foremost, I encourage readers to judge me on my performance.I have a generalist approach as I explore, ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Petrobras (PBR) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Petrobras currently has an average brokerage recommendation (AB ...

Petrobras S.A. (PBR) , the Brazilian state-owned energy company, has signed a Protocol of Intent with Companhia Siderúrgica Nacional (“CSN”) and CSN Inova Soluções to develop a low-carbon hydrogen plant in Brazil. The agreement, which marks the beginning of a business partnership between the companies, is aimed at building a commercially viable low-carbon hydrogen plant in Paraná, Brazil.Low-carbon hydrogen can be used for various industrial processes and as a clean fuel. It can help reduce the carbon footp ...

With just one subscription to Beyond the Wall Investing , you can save thousands of dollars a year on equity research reports from banks. You'll keep your finger on the pulse and have access to the latest and highest-quality analysis of this type of information.I initiated coverage of Petróleo Brasileiro S.A. - Petrobras (NYSE: PBR ) (NYSE: PBR.A ) here on Seeking Alpha in late May 2024 , giving the stock a "Hold" rating as it seemed cheap indeed (both on the absoluteHe leads the investing group Beyond the ...

Petrobras (PBR) , an oil and gas company of Brazil, recently announced the allocation of 16.5 billion reais ($2.8 billion) in contracts aimed at constructing 12 new platform supply vessels (“PSVs”). The contracts, awarded to Bram Offshore, a subsidiary of Edison Chouest, and Starnav Serviços Marítimos, will significantly boost PBR's offshore operations and fleet, with each company slated to charter six vessels. This move plays a crucial part in PBR’s ongoing efforts to enhance its operational efficiency, su ...

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Petrobras (PBR) has announced a strategic move to enhance its offshore operations. The Brazilian company has launched a bid for up to two offshore oil production vessels for its Sergipe state deepwater project, SEAP. This announcement, made in a securities filing late on Friday, highlights Petrobras' commitment to expanding its offshore capabilities and enhancing production from one of Brazil's most promising oil-rich areas. PBR’s Ambitious Offshore Production PlansThe bid involves the procurement of Floati ...

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Core Viewpoint - Petrobras S.A. is initiating the divestment of a 25% stake in the Tartaruga field, a non-core asset, as part of its strategy to streamline its portfolio and focus on higher-return assets [1][3]. Group 1: Overview of Tartaruga Field - The Tartaruga field is located in the Sergipe-Alagoas Basin and is operated by SPE Tiêta, controlled by Petrorecôncavo [2]. - Petrobras' production from the Tartaruga field was approximately 41 barrels per day (bpd) of oil and 723 cubic meters per day of associated gas in the first nine months of 2024, representing less than 1% of the total production in the state of Sergipe [2]. Group 2: Impact of the Stake Transfer - The decision to divest the stake is based on the asset being non-core and not generating synergies for Petrobras [3]. - The transfer is expected to have no impact on existing operations or workforce, as it is a non-operated asset with no dedicated employees [4]. Group 3: Future Investments in Sergipe - Petrobras plans to continue significant investments in Sergipe, including the commissioning of two Floating Production Storage and Offloading vessels (FPSOs) with a capacity of 120,000 barrels per day and the construction of a gas pipeline with a capacity of 18 million cubic meters per day [5].