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Energy

Statoil Buys Petrobras Oilfield for $2.5B Amid Crash

by bloomberg.com posted 1year ago 7794 views
<span style="line-height: 20.8px;">Statoil ASA, Norway&rsquo;s biggest oil company, will buy an offshore oil block in Brazil from Petroleo Brasileiro SA for $2.5 billion, seizing on lower asset valuations amid a price slump to make its biggest acquisition since 2011.</span>