ADVFN - Advanced Financial Network.
HOME» NYSE » P » PBR Stock Price » PBR Stock News

Petroleo Brasileiro Share News

 Petroleo Brasileiro S.a. Stock Price
PBR Stock Price
 Petroleo Brasileiro S.a. Stock Chart
PBR Stock Chart
 Petroleo Brasileiro S.a. Stock News
PBR Stock News
 Petroleo Brasileiro S.a. Company Information
PBR Company Information
 Petroleo Brasileiro S.a. Stock Trades
PBR Stock Trades

Brazil's Vale, Petrobras Set To Announce Joint Projects Next Month

By Diana Kinch Of DOW JONES NEWSWIRES NOVA LIMA (Dow Jones) -- Brazilian mining company Vale SA (VALE, VALE5.BR) and oil and gas company Petroleo Brasileiro SA (PBR, PETR4.BR) will announce joint projects in a month's time, a Vale director said Wednesday. The announcement should involve joint businesses rather than development of technologies, Luiz Mello, Vale's director of technology, said in an interview during an event on innovation in Brazil's Minas Gerais state. Vale and Petrobras, Brazil's biggest companies by market value, last Friday signed an accord to undertake joint projects in areas including fertilizer raw materials and oil and gas. On Tuesday, Vale human resources director Vania Somavilla said the accord could include collaboration in the rare earths minerals area in Brazil. According to press reports Tuesday, Petrobras may give Vale preference in natural gas supplies in return for the right to use some of Vale's port facilities in Brazil. Mello didn't immediately confirm this. Vale's own oil and gas interests are currently "under review", Mello said. "Energy should be a support area for Vale rather than a business in its own right," he said. Vale is nonetheless investing in wind power and biodiesel in Brazil in order to supply some of its own energy requirement, he said. "Vale consumes 4.5% of all the energy generated in Brazil. We need a hedge in energy," Mello said. Vale and Petrobras are collaborating on a scheme of scholarships for training scientists, together with the Brazilian bankers' federation Febraban and National Industry Confederation CNI, he added. -By Diana Kinch, Dow Jones Newswires; 55 21 7564 4495; diana.kinch@dowjones.com

Stock News for Petroleo Brasileiro (PBR)
DateTimeHeadline
04/15/201417:02:39ADR Shares End Lower; Infosys, Diageo Shares Active
04/08/201417:41:31ADR Shares End Mostly Higher; Veolia Shares Active
04/01/201414:42:11Repsol Begins Operations at Peru Gas Field
03/31/201417:16:48ADR Shares End Higher; ING, Novartis Shares Active
03/18/201413:21:03Correction to Brazil's Petrobras Bribery Story on Monday
03/17/201413:28:05Brazil's Petrobras Bribery Investigation Continues
03/11/201413:41:59Brazil's Petrobras Reveals BRL8.77 Billion in Tax Disputes
03/10/201417:42:18ADR Shares End Lower; Petrobras Shares Active
03/10/201416:39:49BOND REPORT: Treasury Prices Inch Up Ahead Of Debt Supply
03/10/201413:49:32BOND REPORT: Treasury Prices Swing Higher Ahead Of Debt Supply
03/10/201411:20:08Brazil's Petrobras Seeks to Sell At Least $3 Billion Debt...
02/26/201417:03:36ADR Shares End Mixed; Anheuser-Busch InBev Shares Active
02/03/201415:30:09Petrobras Shares Plummet to Eight-Year Low
02/03/201415:20:01Petrobras Shares Plummet 5.8% to Close at Eight-Year Low
01/29/201415:51:23Brazil Stocks Close Down On Fed Tapering Move
01/24/201411:20:12Brazil's Petrobras, Partners to Invest Up To $500 Million at...
01/17/201417:02:48ADR Shares End Lower; Shell, Shire Shares Active
01/17/201409:10:18Petrobras Offers Workers Buyouts
01/15/201417:41:31ADR Shares End Higher; Teva, Petrobras Shares Active
01/09/201418:07:43ADR Shares Close Lower; ARM Holdings, Alcatel-Lucent, Vale Shares...

Petroleo Brasileiro and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad