Statoil pays $2.5 billion to move deeper into Brazil
Stavanger, Norway (UPI) Jul 29, 2016 -
After a dismal earnings report, Norwegian energy company Statoil said it secured a stake in an oil basin off the coast of Brazil from the nation's oil company.
"Through this acquisition, we are accessing a world class asset, and we strengthen our position in Brazil, one of Statoil's core areas due to its large resource base and excellent fit with our technology and capabilities," Statoi ...
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