Petrobras and Pemex signed a memorandum in Rio de Janeiro for joint exploration and production.
2 reports, 2 independent
Updated Sep 3
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What happened
Petrobras and Pemex signed a memorandum in Rio de Janeiro for joint exploration and production.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.The two national oil companies are partnering to explore Gulf of Mexico oilfields.1 source
Petrobras and Pemex formalized their joint exploration venture with a signed memorandum.1 source
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The entities involved
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Petrobras
Brazilian multinational oil and gas corporation
- ExxonMobil signed an MOU to examine exploration opportunities in Equatorial Guinea, while Petrobras secured acreage across Africa.
- Petrobras, the state-controlled oil giant, is facing pressure regarding consumer fuel costs while navigating strategic shifts, including the divestiture from Vibra Energia in 2019. Lula has voiced concerns over the price disconnect, with Magda Chambriard as a key executive.
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Pemex
Mexican state-owned petroleum corporation
Nothing else this week.
Related events
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- Congress promulgated a constitutional amendment, setting the fiscal and trade course of Brazil amid the presidential contest.
- Financial institutions are tracking investor preparation and modeling portfolios in response to the ongoing Brazilian presidential contest.