Petrobras to Expand in Africa to Tap Global Energy Resources
Petrobras S.A. PBR, Brazil’s state-owned energy company, is planning to shift its focus to Africa via a new expansion strategy, where the company seeks to acquire shares of major oil players like Exxon...
Vertex Energy Initiates Bankruptcy Proceedings, Shares Plunge
Shares of Vertex Energy, Inc. VTNR plummeted more than 58% on Wednesday after the producer and marketer of refined products announced a Restructuring Support Agreement (RSA) with lenders andfiled for...
Petrobras Shifts Focus to Oil and Gas, Reveals New Strategic Plan
Brazil's state-owned energy giant, Petrobras S.A. PBR has unveiled its new strategic plan that will mark a shift toward a greater emphasis on oil and gas exploration and production as the company seeks...