Brazil’s Petrobras suspends new oil exploration or production divestments

s22 December 2018, News Wires — Brazil’s state-controlled Petroleo Brasileiro SA will suspend any new divestment initiatives in oil exploration or production, the company said on Thursday, following a Supreme Court decision. The decision suspended an agreement between Petrobras, as the company is known, and the Brazilian government that helped shield the company from liability as … More »