Petrobras' (PBR) worst debt situation in a decade may be boosting the chances it will step aside...

|About: Petrobras - Petroleo Brasil... (PBR)|By:, SA News Editor

Petrobras' (PBR) worst debt situation in a decade may be boosting the chances it will step aside and let Exxon (XOM) and Shell (RDS.A) buy offshore exploration licenses in Brazil's upcoming first-in-six-months auction, Bloomberg says. XOM is said to have been the most active in requesting data about the acreage Brazil is offering next month to take advantage of PBR holding back.