Brazil’s state-run oil company Petroleo Brasileiro SA (ADR) (NYSE:PBR) could face new production stoppages on platforms in the Campos Basin if it does not resolve lingering safety issues, the Folha de S. Paulo newspaper reported on Sunday. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) stock opened at $11.37 in last session, and closed at $11.43, while the day range of stock is $11.31 – $11.47. The stock showed a negative weekly performance of -1.12%.
Kodiak Oil & Gas Corp. (USA) (NYSE:KOG) said its total proved reserves on Dec. 31, 2013, were approximately 167.3 million barrels of oil equivalent, as compared to 94.7 million boe at the end of 2012. Kodiak Oil & Gas Corp (USA) (NYSE:KOG) stock opened at $11.89, in last session and closed at $11.80, by losing -0.67%. The 52 week range of the stock is $7.27 – $14.11. Company’s market capitalization is $3.14 billion.
Norwegian oilfield service firm, Seadrill Ltd (NYSE:SDRL) announced that it has finalized the drilling contracts for the jackup units – West Oberon, West Intrepid, West Defender and West Courageous. The contracts pertain to a Heads of Agreement with the Mexican state-owned petroleum company Pemex that Seadrill had mentioned in its third quarter 2013 earnings release. Seadrill Ltd (NYSE:SDRL) stock advanced 1.07% and finished the last session at $36.83. The EPS of the stock remained 4.94. Company’s market capitalization is $17.28 billion.
Nabors Industries (NYSE:NBR) was upgraded by stock analysts at TheStreet from a “hold” rating to a “buy” rating in a report issued on Thursday, StockRatingsNetwork reports. Nabors Industries Ltd. (NYSE:NBR) stock opened the session at $22.01, and closed the session at $22.00. The 52 week range of the stock remained $14.34 – $22.77 and the day range was $21.63 – $22.15.