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Stock Market & Financial Investment News

News Breaks
February 20, 2013
15:06 EDTPBR, TKTeekay 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.
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April 16, 2014
06:33 EDTPBRPetrobras having difficulties, NY Times says
Brazilian energy company Petrobras is experiencing multiple problems, as its oil production has stagnated, its employees have been accused of taking bribes, and its debt is surging, according to The New York Times. Analysts warn that the company could face problems in international bond markets, the newspaper stated. Reference Link

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