Petrobras Eyes Stakes in African Oil Projects

Brazil's state-controlled oil giant, Petrobras, is exploring new opportunities by seeking stakes in African oil blocks from majors like ExxonMobil, Shell, TotalEnergies, and Equinor. The move reflects Petrobras' strategy to expand beyond its traditional deep-water fields in Brazil, particularly as domestic exploration has slowed. The company is targeting ten potential projects in African countries such as Namibia, South Africa, and Angola. One key opportunity is a 40% stake in Galp Energia's Mopane oil and gas field in Namibia, a region with promising…