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PBR awards a $465M long-term drillship contract to Foresea for the Mero field, strengthening its offshore pre-salt development strategy in Brazil.

Brazil's Petrobras has shifted its fuel supply ​strategy and will offer additional fuel volumes to ‌distributors for April deliveries, the state-run oil company told Reuters on Thursday.

Brazilian state-run ​oil company ‌Petrobras said on Thursday it ​has ​made a new discovery ⁠of "high-quality" oil ​in the ​pre-salt area of the Campos Basin.

The ​head of the Brazilian oil company Petrobras, ‌Magda Chambriard, will visit Mexico in April to discuss a proposed partnership with Mexico's state-run oil firm Pemex, Mexican President ​Claudia Sheinbaum said on Tuesday.

PBR reportedly delays further diesel price hikes as Brazil balances election pressures, tax cuts and global oil volatility while boosting local production.

Petrobras (PBR) reached $19.27 at the closing of the latest trading day, reflecting a +2.5% change compared to its last close.

A PBR & Pemex tie-up is proposed by Brazil to revive Mexico's oil output while boosting deepwater exploration in the Gulf of Mexico.