On Monday, Shares of Petroleo Brasileiro SA - Petrobras (ADR) (NYSE:PBR), lost -8.82% to $3.72.
Brazil’s state-run oil firm Petroleo Brasileiro SA said on Monday it had invited Dutch oil platform leasing company SBM Offshore NV to take part in future tender contracts after contacting prosecutors and the country’s CGU comptroller, according to Reuters.
SBM said earlier on Monday it had received written notification from Petrobras, as the Brazilian company is known, that it would be able to take part in some tenders.
Former Petrobras manager Pedro Barusco said in plea bargain testimony seen by Reuters earlier this year that he had received bribes from an SBM point person between 1995 and 2003. Reuters Reports
Petroleo Brasileiro SA - Petrobras is a Brazil-based integrated energy company. The Company operates in the Exploration and Production (E&P); Refining, Transportation and Marketing (RTM); Gas and Power; Biofuels; Distribution, and International segments. E&P includes exploration, development and production of crude oil, natural gas liquid and natural gas in Brazil.
Shares of AbbVie Inc (NYSE:ABBV), declined -5.81% to $52.50, during its last trading session.
AbbVie declared that the Japanese Ministry of Health, Labour and Welfare (MHLW) approved VIEKIRAX® (ombitasvir/paritaprevir/ritonavir), as a new interferon and ribavirin-free treatment option for adult patients with chronic genotype 1 (GT1) hepatitis C virus (HCV) infection, counting those with compensated liver cirrhosis.1 VIEKIRAX comprises of a 12-week, two direct-acting antiviral, fixed-dose combination of paritaprevir/ritonavir with ombitasvir, dosed once daily.
Japan has one of the highest rates of hepatitis C infection in the industrialized world, with about 1.5 to 2 million people living with HCV. Genotype 1 is the most common HCV genotype in Japan with 60 to 70 percent of patients infected and, of those, about 95 percent are infected with the genotype 1b (GT1b) sub-type.
The approval is supported by the Phase 3 GIFT-I study. An overall 95 percent (n=140/148) of treatment-naïve and 94 percent (n=102/109) of treatment-practiced GT1b HCV infected patients achieved SVR12 with VIEKIRAX.
AbbVie Inc. (AbbVie) is a global, research-based biopharmaceutical company. The Company develops and markets therapies that address a range of diseases. The Company’s products are focused on treating conditions, such as chronic autoimmune diseases, including rheumatoid arthritis, psoriasis and Crohn’s disease; hepatitis C (HCV); human immunodeficiency virus (HIV); endometriosis; thyroid disease; Parkinson’s disease; complications associated with chronic kidney disease and cystic fibrosis, and other health conditions, such as low testosterone.
Shares of Enterprise Products Partners L.P. (NYSE:EPD), declined -7.63% to $23.47, during its last trading session.
Enterprise Products Partners declared the start of service on its Rancho II pipeline between Sealy, Texas and the partnership’s ECHO terminal in southeast Houston. The 88-mile, 36-inch diameter pipeline will transport various grades of crude oil, condensate and processed condensate from the Permian Basin and the Eagle Ford Shale.
“The Rancho II pipeline is an integral part of Enterprise’s larger efforts to expand its crude oil and condensate network in Texas,” said Michael A. Creel, chief executive officer of Enterprise’s general partner. “Combined with our existing Eagle Ford assets and recently declared Midland-to-Sealy pipeline, Rancho II enhances our ability to provide crude oil and condensate from key producing areas with direct access to every refinery in Houston, Texas City, Beaumont and Port Arthur, in addition to Enterprise’s marine facilities through our ECHO distribution system.”
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services comprise: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and import and export terminals; crude oil and refined products transportation, storage and terminals; petrochemical transportation and services; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets comprise about 49,000 miles of pipelines; 225 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity.
Enterprise Products Partners L.P. is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products.
Finally, Spectra Energy Corp. (NYSE:SE), ended its last trade with -4.61% loss, and closed at $26.48.
Spectra Energy declared it is submitting its application September 24, 2015, to FERC for a permit to proceed with construction of the projected PennEast Pipeline, signaling the next critical step in offering eastern Pennsylvania and New Jersey energy consumers the environmental and economic benefits of abundant, locally produced natural gas.
PennEast is requesting that FERC issue a Certificate of Public Convenience and Necessity, which would authorize PennEast to construct, install, own, operate and maintain the about 118-mile, 36-inch diameter PennEast Pipeline. Upon completion, the underground natural gas pipeline would deliver about 1 billion cubic feet of natural gas per day and address the current pipeline constraints that result in higher costs, raised price volatility and reduced reliable energy supplies for consumers.
Had the PennEast Pipeline been in service during the 2013-2014 winter, natural gas and electric consumers in eastern Pennsylvania and New Jersey would have saved more than $893 million in energy costs, according to an analysis by Concentric Energy Advisors. PennEast Pipeline would have an estimated $1.6 billion positive economic impact during design and construction alone, supporting about 12,160 jobs and an associated $740 million in wages according to a separate study by Econsult Solutions.
Spectra Energy Corp is a natural gas infrastructure company. The Company owns and operates natural gas-related energy assets and a crude oil pipeline system connecting Canadian and the United States producers to refineries in the United States Rocky Mountain and Midwest regions.
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