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News Breaks | | | | March 19, 2013 | | 12:21 EDT |  | PBR, REPYY, EC | Oil companies press for state reforms in Peru to boost output, WSJ says
In order to urge Peru's President Ollanta Humala's administration to overhaul regulations in the hydrocarbons sector, a group of oil companies have created the Peruvian Hydrocarbons Society, reported the Wall Street Journal. The oil companies, including the local units of Brazil's state-run Petroleo Brasileiro (PBR), Spain's Repsol (REPYY) and Ecopetrol (EC), are looking for government reforms in Peru to help reverse years of declining crude output and convert the country into a net oil exporter, the report said. Reference Link | |
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News For PBR;EC;REPYY From The Last 14 Days Check below for free stories on PBR;EC;REPYY the last two weeks. |
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| May 17, 2013 | | 14:34 EDT |  | PBR | Petrobras May volatility at low end of historic range
 Subscribe for More Information | | | May 15, 2013 | | 18:31 EDT |  | EC | Ecopetrol submits highest bids for three exploratory blocks in Brazil
Ecopetrol (EC) announces that it submitted the highest bids for three exploratory blocks in the 11th bidding round carried out yesterday by the ANP of Brazil in Rio de Janeiro. Ecopetrol has a 100% interest in the highest bids for the POT-M-567 and FZA-M-320 blocks and a 50% interest in the highest bid for the CE-M-715 block, which it submitted with Chevron (CVX) Brasil Ventures. The three blocks comprise an area of approximately 1,862 sq kilometers in the Potiguar, Foz de Amazonas and Ceara offshore basins. | | | May 14, 2013 | | 14:37 EDT | | PBR | Petrobras 'in no hurry' to decide on offer for Argentine unit, Reuters says
Petrobras president Maria das Gracas Foster said Argentine companies have made an offer to buy some of the assets it has put up for sale, but added that Petrobras is in no hurry and has not made a decision, according to Reuters, citing Foster's comments in a Senate economic affairs hearing. Reference Link | | | May 13, 2013 | | 08:45 EDT | | PBR | Petrobras plans six-tranche sale of dollar bonds abroad, Bloomberg reports
Petroleos Brasileiros (PBR) plans to sell dollar bonds abroad in the company’s first overseas offering since February 2012, reports Bloomberg. The state-run oil producer wants to sell fixed-rate bonds due in three, five, 10 and 30 years as well as three- and five-year floating-rate bonds, sources say. t Reference Link | | | May 10, 2013 | | 05:43 EDT |  | REPYY | Repsol downgraded to Hold from Buy at Societe Generale
Subscribe for More Information | | | 05:32 EDT | | EC | Ecopetrol approves $502M additional funding to Cartagena Refinery modernization
Ecopetrol announces that its board approved the allocation of an extra $502M for the modernization project of its Cartagena Refinery in 2013. The decision was made after the management team of Reficar asked for the additional funds based on an estimated budget of $6.47B. The modernization of the refinery is expected to make the refinery a strategic asset for the energy security of Colombia. The project is expected to bring benefits that should boost the development of the Colombian Caribbean Coast region and the local manufacturing sector. The modernization project is entering its final stage. The working pace doubled in 2013, compared to last year's, and the overall progress is at 80.7%. | |
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