Thursday
March 16
2023

Petrobras (PBR) to Invest $6 Billion in Sustainable Exploration in Latin America

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Petrobras PBR, a globally renowned oil and gas company, announced its plans to invest $6 billion over the next five years in exploration activities on Brazil’s northern coast and part of the Colombian coast. It will do so with a focus on economic and environmental sustainability. The company’s chief exploration and production officer, Fernando Borges, presented this information at the recent CERAWeek 2023 event in Houston, TX.

Photo courtesy of Zbynek Burival.

Source: Yahoo (link opens in a new window)

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Energy