Petrobras, Total join forces on oil and gas

Petrobras, Total join forces on oil and gas
CEO of Petrobras, Pedro Parente (left) and Total’s CEO, Patrick Pouyanné (right) (Image courtesy of Petrobras)

Petrobras and Total on Monday signed a memorandum of understanding to cooperate on exploration and production, natural gas and electricity sector in Brazil. 

Petrobras CEO’ Pedro Parente said that under the company’s new strategic plan, it is focusing on strategic partnerships in order to share risks, reduce investment requirements and develop technologies.

He also said that the two companies will evaluate which assets their partnership will cover and that the memorandum of understanding will remain in effect for two years, the statement by Petrobras reads.

Petrobras noted that the partnership could further be extended to the refining area.

Share this article

Follow LNG World News


<< Aug 2019 >>
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >