Petrobras counts on pre-salt production to compete with a boom in US shale output

Friday, November 17th 2017 - 08:03 UTC

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Brazil's low-cost oil will help Petrobras compete in a tough market as it seeks to turn around its business, Pedro Parente, CEO of the state-owned oil giant anticipated. Oil majors such as Exxon, Mobil, BO, Royal Dutch Shell, Total and Statoil have been snapping up blocks in the Atlantic Ocean off the coast of Brazil that hold crude under thousands of meters of salt. Read full article

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:o))
Competing the boom with a MASSIVE “bust” of course!
Nov 17th, 2017 - 09:44 am - Link - Report abuse 0
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