Floating Production Intelligence

Floating Production Intelligence

Petrobras CEO Says Expects More Divestitures in Oil Industry

November 16, 2016

Floating Production Intelligence LLC.
Global upstream investment is likely to fall next year and industry divestitures could reach $35 billion, the head of Brazil's state-run oil company Petroleo Brasileiro SA said on Tuesday.
 
Petrobras' Chief Executive Officer Pedro Parente told reporters at the sidelines of an event in New York that he expects a divestment trend in the industry.


(Reporting by Guillermo Parra-Bernal; Writing by Alonso Soto; Editing by Phil Berlowitz)

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