On Thursday, Shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR), gained 2% to $9.69.
Petróleo Brasileiro, is accelerating a divestment program for offshore exploration blocks and intends to complete the first group of sales in the coming months in a bidding process, said three people with knowledge of the plan, according to Bloomberg.
The biggest oil producer in deep waters has invited a small group of international companies with experience operating offshore projects to bid for stakes in some of its concessions, counting blocks in the so-called pre-salt region that holds Brazil’s biggest discoveries, the people said, asking not to be identified because details of the divestment proposal haven’t been released publicly. Bloomberg Reports.
Petróleo Brasileiro S.A. Petrobras operates as an integrated energy company in Brazil and internationally. Its Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of crude oil and oil products produced at natural gas processing plants in domestic and foreign markets.
Shares of Transocean Ltd. (NYSE:RIG), declined -2.92% to $16.97, during its last trading session, despite oil futures climbed Thursday, with U.S. benchmark prices settling at their highest in a week, buoyed by a weaker U.S. dollar and a seventh straight week of falling U.S. crude inventories.
But analysts warned of “downside” risks to prices as global output remained strong.
Transocean Ltd., together with its auxiliaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers deepwater and harsh environment drilling services.
Finally, The Kroger Co. (NYSE:KR), ended its last trade with 0.86% gain, and closed at $73.54.
To meet rising demand for convenience and healthy living, The Kroger, and its King Soopers division recently launched the new natural and organic eCommerce website KingSoopers.com/LiveNaturally.
Open to King Soopers customers who live in and around the Denver metro area, and offering more than 36,000 natural and organic products, KingSoopers.com/LiveNaturally provides the convenience of online shopping for a variety of healthy living products – while virtually extending the product selection and creating an endless aisle experience for King Soopers customers. Every product is free from more than 101 artificial ingredients and preservatives that many customers prefer be left out of products.
Kroger called the eCommerce website the next step in its effort to make seamless, omni-channel shopping a reality for its customers.
The Kroger Co., together with its auxiliaries, operates as a retailer in the United States and internationally. It also manufactures and processes food for sale in its supermarkets. The company operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores.
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