By Richard Mann, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Brazilian oil and gas giant Petrobras just made its biggest discovery in Sergipe since pre-salt, in 2006. From six fields, it expects to extract 20 million cubic meters (m³) of natural gas per day, the equivalent of one-third of Brazil's total production.

Published last month, the discovery is expected to generate R$7 (US$1.8) billion in annual revenue for the state-owned company and its partners, the Gas Energy consultancy estimates.

According to the government's announcement, this may help achieve the expected "cheap energy shock . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here