Stock Market & Financial Investment News

News Breaks November 28, 2012 10:25 EDT HON, PBR Honeywell's UOP technology selected by Petrobras UOP LLC, a Honeywell (HON) company, announced that its technology has been selected by Petrobras (PBR) to process natural gas aboard up to eight Floating Production, Storage and Offloading vessels. Honeywell's UOP Separex membrane systems will be installed on the new FPSOs that will operate in the Lula oil field. Each Separex membrane system will remove carbon dioxide and water from as much as 6 million standard cubic meters of natural gas per day. Petrobras awarded the units in October 2011, and Honeywell's UOP is slated to deliver the units between 2013 and 2017. Commissioning will take place between 2014 and 2017. News For HON;PBR From The Last 14 Days Check below for free stories on HON;PBR the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. June 18, 2013 16:00 EDT PBR Options Update; June 18, 2013 Subscribe for More Information 07:04 EDT PBR Petrobras volatility elevated, shares near low end of seven-year range Subscribe for More Information June 17, 2013 16:00 EDT PBR Options Update; June 17, 2013 Subscribe for More Information 10:10 EDT PBR On The Fly: Analyst Upgrade Summary Subscribe for More Information 08:01 EDT PBR Petrobras upgraded to Buy from Hold at Jefferies Subscribe for More Information June 14, 2013 06:16 EDT HON Honeywell receives EU approval for Intermec acquisition The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Intermec by Honeywell. The Commission found that the transaction would not raise competition concerns, in particular because the merged entity will continue to face several credible competitors in the relevant markets. Reference Link June 7, 2013 15:11 EDT PBR Petrobras delays Comperj refinery startup by over a year, WSJ says Petrobras CEO Maria das Gracas Foster said the company expects its Comperj refinery to start operations in August 2016, more than a year later than planned, citing environmental license issues and changes to the refinery's design, reported The Wall Street Journal. Reference Link 15:07 EDT PBR Petrobras to sell assets, exit Peru, Reuters reports Petrobras plans to leave Peru and has already shopped some of its Peruvian assets to potential buyers, though a final decision to exit Peru has not been made, according to Reuters, citing sources inside and outside of the company. The company reportedly expects to generate about $9B globally from asset sales being carried out to help fund the development of its reserves in its domestic Brazilian market, the report noted. Reference Link Sign up for a free trial to see the rest of the stories you've been missing.