Petrobras unveiled today plans to divest the Azulão natural gas field in the Brazilian Amazon Basin as part of its sale strategy to raise nearly USD 21 billion by the end of 2018. Petrobras  has 100% interest in the natural gas asset in Concession BA-3 in Amazonas state, located 290km east of Manaus, the capital city […]

Petrobras denied this morning being in ongoing talks to partner with Exxon Mobil after Bloomberg reported the two firms were talking. The Wall Street Journal had already reported last month that Exxon Mobil was exploring ways to acquire a stake in Brazil’s offshore oil resources. Possible alternatives included Exxon Mobil investing in projects along with Petrobras, as well as […]