Petroleo Brasileiro SA ADR Stock News

HOUSTON--(BUSINESS WIRE)--Optime, a Halliburton service, completed the first deployment of the Optime Remote Operated Control System (ROCS) service in Brazil, in collaboration with Petrobras. ROCS reduces equipment requirements and streamlines offshore execution through the elimination of traditional control umbilicals during completion operations. Petrobras used the system to install a subsea ...

Shares of Brazilian companies tumbled Monday following the unexpected re-election of President Luiz Inácio Lula da Silva.

Shares of Brazilian companies tumbled Monday following the surprise re-election of President Luiz Inácio Lula da Silva.

Petrobras Chief Executive Magda Chambriard ​said on Monday that a ‌sharp drop in the Brazilian state-run oil company's shares following President ​Luiz Inacio Lula da ​Silva's reelection was a "speculative move" ⁠and did not reflect ​the firm's fundamentals.

Brazilian markets prepared for one outcome and received another. Luiz Inácio Lula da Silva won a fourth term in Sunday's runoff, beating Flávio Bolsonaro with 51.8% of valid votes to 48.2%, a margin of about 4.4 million ballots.

Brazil stocks are diving as President Luiz Inácio Lula da Silva appears to have narrowly won re-election in Sunday's runoff vote vs. Flávio Bolsonaro.

Brazil's presidential election is powering optimism in the country's stock market — and capturing the attention of investors wary of having too much exposure to the U.S. stock market.

Brazilian state-run oil company ​Petrobras said on Friday it had ‌made a new oil discovery in ultra-deep waters off Amapa state, an area known as equatorial ​margin that it considers its most ​promising new oil frontier.