Seeking Alpha

A move by Petrobras (PBR -1%) to seek a partner to invest in its U.S. offshore deepwater oil...

A move by Petrobras (PBR -1%) to seek a partner to invest in its U.S. offshore deepwater oil fields suggests PBR has figured out how to extract oil from the difficult site in the Gulf of Mexico. The news could be a positive for National Oilwell Varco (NOV -0.3%), which has been acquiring companies that make parts for FPSO vessels PBR has deployed off Brazil and West Africa.
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