the Oil & Gas Climate Initiative and its Petrobras counterpart Petróleo Brasileiro ( Brazilian ) have signed a memorandum of understanding to form a strategic alliance, exploring upstream, downstream, trading and low carbon opportunities, within Brazil and further afield. The 16 firms currently collaborate on 16 exploration blocks in the South American country, and are both members of BP . We are now excited to deepen our partnership and explore even more opportunities together across all our businesses – in the upstream, downstream, trading and low carbon – both in Brazil and beyond. The UK company has been doing business in Brazil for over 60 years , undertaking oil and gas exploration, supplying fuels and lubricants, and developing biofuels.
the Oil & Gas Climate Initiative and its Petrobras counterpart Petróleo Brasileiro ( Brazilian ) have signed a memorandum of understanding to form a strategic alliance, exploring upstream, downstream, trading and low carbon opportunities, within Brazil and further afield. The 16 firms currently collaborate on 16 exploration blocks in the South American country, and are both members of BP . The UK company has been doing business in Brazil for over 60 years , undertaking oil and gas exploration, supplying fuels and lubricants, and developing biofuels.