Insiders' Blog
Sponsored by: Subscribe to EasyStockAlerts.com Now & Get The News Before Everyone Else!
Petrobras (PBR) Oil Output at 96% of Capacity; Strike Has Caused Production to Fall by 63K bpd
More News related to PBR
- Unusual 11 Mid-Day Movers 12/04: DXCM, TLB, PRKR, PSS Higher; CRUS, DMND, ITWO, DDMX Lower
- Probe Responds to Frankel Claim
- Probe Responds to Frankel Claim
- Frankel Offshore Energy, Inc. Sues Probe Resources U.S., Ltd., and L. Scott Broussard for Fraud and Breach of Contract in Texas District Court
- Frankel Offshore Energy, Inc. Sues Probe Resources U.S., Ltd., and L. Scott Broussard for Fraud and Breach of Contract in Texas District Court
More News related to Insiders' Blog
- Citadel Down 13% in November And 47% For The Year
- What's Next for Google Stock? $200 or $400? (GOOG)
- Ford's (F), CEO, Alan Mulally, Addresses Capitol Hill
- General Motor's (GM) CEO, Wagoner, Addresses Capitol Hill
- SanDisk (SNDK) Falls After Toshiba Said No Buyout
Dow Jones reports that Petrobras (NYSE: PBR) released a statement late last night saying that following a mid-day walk-off by workers at 12 Petrobras rigs, oil output has now reached about 96% of capacity. Production has returned to more normal levels due to contingency teams that have taken the places of striking workers.
Further, Petrobras said that as of 2100 GMT, oil production had fallen about 63,000 barrels a day. The strike, which is affecting Petrobras' platforms in the Campos Basin, is expected to continue through this week, although Petrobras has said that operations are "nearly normalized" at these platforms.
Petroleo Brasileiro S.A., Petrobras, together with its subsidiaries, engages in the exploration, exploitation, and production of oil from reservoir wells, shale, and other rocks.
Related Categories
Corporate NewsInsiders' Blog
Stocks Mentioned
-1.50Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
