Fly News Breaks for June 28, 2016
PBR, BIP
Jun 28, 2016 | 08:23 EDT
BMO Capital expects Australian regulators to approve Brookfield's Asciano transaction, and it notes that media reports have indicated that the company is buying a Peruvian toll road. Media outlets have also reported that Brookfield is in "exclusive talks" to buy a natural gas pipeline unit from Petrobras (PBR), according to the firm. BMO Capital raised its 2017 AFFO estimate for Brookfield to $3.58 from $3.14. It adds that it does not expect developments in the U.K. to have a major impact on the company's FFO over the next couple of years. BMO keeps an Outperform rating on the shares.
News For BIP;PBR From the Last 2 Days
PBR
Apr 15, 2024 | 09:06 EDT
SLB (SLB) has been awarded three contracts by Petrobras (PBR) for completion hardware and services for up to 35 subsea wells in the development of Petrobras' offshore Buzios Wave II oilfield. The scope of the contract includes SLB's full bore electric interval control valves and electric subsurface safety valves. The award is a catalyst toward full production system electrification for Petrobras, improving production availability via more reliable completions. By converting to electric completions, Petrobras will gain the ability to control a more sophisticated system in the subsurface. Full electrification of completions enables maximum production control across multiple reservoir drains, potentially requiring fewer wells and limiting heavy workovers during the productive life of the Buzios field wells. Much of the technology to be deployed in Buzios and available for other operators of Brazilian pre-salt fields was developed at SLB's Taubate Engineering Center in Brazil for Brazilian Pre-salt, in collaboration with CENPES, the Petrobras research center, and TotalEnergies (TTE).