Petrobras (NYSE:PBR) traded at around $24 on October 6, up 96.58% over twelve months and close to its 52-week high of $24.76.

Petróleo Brasileiro remains a Buy, with a $29 price target by October 2027, driven by political catalysts and strong ...

Prio shines as Brazilian independent acquires first exploration areas in sign of strategy shift, as lack of competition sets tone for fourth pre-salt round ...

TechnipFMC has been awarded a subsea contract worth between $75 million and $250 million by Petrobras to supply flexible pipe ...

Four-year agreement covering approximately 30 FPSOs is Framo’s largest service contract of its kind to date and comes as the company’s installed base in Brazil heads towards more than 1,500 pumps by ...

By IntelliNews Sao Paulo bureau Brazilian President Luiz Inácio Lula da Silva and Senator Flávio Bolsonaro began seeking new ...

TechnipFMC will design, engineer, and manufacture flexible flowlines for use across multiple pre-salt fields. The project will draw on local engineering, manufacturing, and supply chain capabilities, ...

- At 13.9x EV/EBITDA, TechnipFMC trades at a premium to peers, with valuation dependent on sustaining $10B+ subsea order ...

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Rio de Janeiro-headquartered Constellation Oil Services, Brazil’s largest offshore drilling contractor, has received an ...

Petrobras has awarded TechnipFMC a flexible flowline contract for pre-salt fields offshore Brazil, which the company places in its $75m-$250m band.

TechnipFMC (NYSE: FTI) has been awarded a significant(1) subsea contract by Petrobras, following a competitive bidding process, to supply flexible pipe systems supporting developments offshore Brazil.