Energy and oilUpdated Yesterday

BP is in talks to sell Petrobras a Bumerangue stake.

Bloomberg, citing people familiar with the matter, reports that BP is negotiating to sell Petrobras a stake in the Bumerangue oil block off Brazil’s coast. The report describes the discovery as BP’s biggest in 25 years. That’s a major find at the center of the talks, but the reporting is about a possible sale, not a completed deal.

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Coverage started Yesterday