Stock Market & Financial Investment News

News Breaks February 20, 2013 15:06 EDT PBR, TK Teekay announces first oil for joint owned FPSO Cidade de Itajai Teekay Corporation (TK) announced that its jointly owned floating production storage and offloading, or FPSO, unit, the FPSO Cidade de Itajai, achieved first oil at the Bauna and Piracaba fields in the Santos Basin offshore Brazil. The Cidade de Itajai is owned and operated by Teekay and Odebrecht Oil & Gas through a 50/50 joint venture. The FPSO unit is contracted to Petroleo Brasileiro SA (PBR) at fixed-rates for an initial firm period of nine years, with extension options, the company said. News For PBR;TK From The Last 14 Days Check below for free stories on PBR;TK 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 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.