Petrobras Reports A 41.5% Decline In Q3 Profit
Brazil’s state energy giant saw its profits plunge by 41.5% in the third quarter, lower than analysts had expected.
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Brazil’s state energy giant saw its profits plunge by 41.5% in the third quarter, lower than analysts had expected.
Brazilian state-owned oil and gas giant Petrobras has broken its quarterly record of operated oil and gas production in the third quarter of this year, reaching 3.98 million barrels of oil equivalent (boe) per day, 7.8% above the previous quarter.
Brazil's Petrobras plans to start exploratory drilling work near the mouth of the Amazon River, along the coast of Amapa state in 2024.
Petrobras (PBR) seeks collaboration with Norwegian firms for equitable energy transition, emphasizing positive impacts and new partnerships.
Petrobras expects to begin exploration drilling close to the mouth of the Amazon River in 2024.