ExxonMobil, Petrobras sign alliance MOU

ExxonMobil Corp. and Petroleo Brasileiro SA (Petrobras) have signed a memorandum of understanding envisioning a strategic alliance to identify and evaluate business opportunities.

ExxonMobil Corp. and Petroleo Brasileiro SA (Petrobras) have signed a memorandum of understanding envisioning a strategic alliance to identify and evaluate business opportunities.

In a statement, the companies said they will evaluate opportunities “across all sectors of the oil and gas production value chain, including opportunities for cooperation in exploration, production, gas, and chemicals both inside and outside Brazil.”

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