Petrobras to purchase Petronas' stakes in two offshore fields for $450 million
Published on March 16, 2026.
Brazilian state-run company Petrobras has decided to purchase the 50% stake of Malaysian company Petronas in two offshore fields for $450 million. The deal will allow PetroBRAS to hold 100% of the areas where the oil company operates. The transaction is set to take place in the wake of Hurricane Katrina.
Related Articles
SEC preparing to scrap quarterly earnings requirement — a move Trump supports: report
The SEC is considering scrapping quarterly earnings and allowing instead to mandate quarterly releases, supported by President Trump.
Debra OConnell Sets Direct Reports, Including Craig Erwich Who Adds 20th Television Oversight
Debra OConnell, promoted by Dana Walden to Disney Entertainment Television, has added direct reports including Craig Erwich and Ayo Davis to enhance her leadership.
Iranian strikes on UAE oil hub threaten key Strait of Hormuz bypass route
Hundreds of people attended the funeral of Robert "S" Smith, killed by an Iranian drone strike, to raise awareness of the dangers of such attacks.