Lula’s Policy Shift Spurs M&A Among Brazilian Oil Companies

President Lula’s halt of Petrobras’s divestment strategy is set to ignite a wave of mergers and acquisitions (M&A) among Brazil’s smaller oil entities, ‘junior oils’. These companies, flush with cash but facing a scarcity of mature field opportunities from Petrobras, are now eyeing mergers and acquisitions of rival assets or international ventures for growth. Until […]

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