Petrobras Worst Big Oil Bet on Deepwater Disappointments
By Peter Millard - Jun 15, 2012
Petroleo Brasileiro SA (PETR4) is the worst investment among the world’s biggest oil companies this year as Brazil’s state-controlled producer suffers delays and cost overruns developing the largest oil finds in more than a decade...
Petrobras slashed its 2020 production target by 11 percent yesterday and said its developments, mainly offshore, will cost $141.8 billion, 11 percent more than planned...
Petrobras slashed its 2020 production target by 11 percent yesterday and said its developments, mainly offshore, will cost $141.8 billion, 11 percent more than planned...
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