According to insiders familiar with the matter, Petrobras, Brazil’s state oil giant, is likely to miss the government’s target of reducing natural gas prices by 40%. The main reason cited is the high cost of extracting gas from ultra-deep waters, which significantly exceeds the production expenses of onshore shale gas drillers in other countries. Petrobras […]
Petrobras likely to miss government’s target on gas prices amid high extraction costs
