Upstream: Petrobras and Shell Join Forces to Explore New Business Opportunities in the Oil and Gas Sector

Written by Bruno Teles

Published on 13/03/2023 at 12:16

Updated on 14/03/2023 at 13:23

Petrobras e Shell (foto/divulgação)

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Intending to Identify New Businesses in the Upstream Area, Petrobras and Shell Signed a Memorandum of Understanding (MoU) on March 11.

The goal of the partnership is to identify opportunities and areas of mutual interest in the exploration and production of oil and natural gas. The agreement was made between the exploration and production teams of Petrobras and Shell. According to Petrobras, the partnership is another step towards consolidating its strategy of developing partnerships with foreign companies.

The aim is to enhance business potential in the oil and gas sector both in Brazil and abroad. Shell is one of the largest energy companies in the world, operating in over 70 countries. In Brazil, the company operates in various areas, such as exploration, production, natural gas distribution, and the trading of chemical products.

For Petrobras, the partnership is an opportunity to strengthen its operations in the upstream sector, which involves the exploration and production of oil and natural gas. With the signing of the MoU, the company will be able to benefit from Shell’s experience in the search for new business opportunities.

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Upstream: Petrobras and Shell Join Forces to Explore New Business Opportunities in the Oil and Gas Sector

Intending to Identify New Businesses in the Upstream Area, Petrobras and Shell Signed a Memorandum of Understanding (MoU) on March 11.

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Upstream: Petrobras and Shell Join Forces to Explore New Business Opportunities in the Oil and Gas Sector

Intending to Identify New Businesses in the Upstream Area, Petrobras and Shell Signed a Memorandum of Understanding (MoU) on March 11.

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Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

SpaceX will dock a $843 million vehicle to the International Space Station to push a nearly 420-ton laboratory against the atmosphere and make the debris fall in a controlled manner into the ocean.

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