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Tag: divestment

SÃO PAULO, BRAZIL – Brazil’s oil giant, Petrobras, announced last week its new strategy of focusing on oil and gas production, doing away with its distribution and transportation subsidiaries and its fertilizer sub-division, as well as concentrating its operations...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Moving forward with its divestment plan and Petrobras officials announced last week the sale of its Chilean subsidiary, PCD, to private equity firm Southern Cross Group for more than US$460...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The ANP (National Petroleum, Natural Gas and Biofuel Agency) in Brazil has authorized oil giant, Petrobras to interrupt its oil production in sixteen platforms and fourteen concessions due to the...

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