Petrobras in strategic partnership with CNPC

first_imgPetrobras CEO Pedro Parente and Vice President of CNPC and CEO of PetroChina Wang Dongjin on Tuesday signed a memorandum of understanding in Beijing to structure a strategic partnership.Pursuant to this MoU, the companies agreed to jointly evaluate opportunities in Brazil and abroad in key areas of mutual interest, benefiting from their skills and experiences in all segments of the oil and gas supply chain, including potential financing structuring.For Petrobras, the achievement of partnerships is an important strategy of the 2017-2021 Business and Management Plan, the Brazilian company explained. Strategic partnerships have the potential benefits of sharing risks, increasing investment capacity in the oil and gas supply chain, technological exchanges, and the enhancement of corporate governance,For CNPC, the partnership with Petrobras reinforces its interest in investing and increasing its activities in Brazil.Petrobras and CNPC have been partners in the Libra area since 2013, which is the first contract under the production sharing agreement regime, located in the Santos Basin pre-salt layer.last_img read more

Packers injury update: Mike Daniels, Trevor Davis placed on injured reserve

first_imgThe Packers (4-6-1) will host the Cardinals (2-9) on Sunday with kickoff set for 1 p.m. ET. Packers WR Randall Cobb is ready to return to action this week vs. Cardinals Daniels, who has tallied 10 tackles and two sacks this season, suffered a foot injury in Week 11 during the second half of a 27-24 loss to the Seahawks. He initially was expected to miss just a few games, but that timeline has changed. Davis has been dealing with a lingering hamstring injury, which he suffered during training camp. He re-aggravated the injury in Week 1, forcing the Packers to place him on injured reserve. He returned in Week 11 against Seattle, but left Sunday’s game against the Vikings early with hamstring issues. Related Newscenter_img Packers defensive end Mike Daniels and wide receiver Trevor Davis likely won’t return this season as they both have been placed on injured reserve, the team announced Saturday. In a corresponding move, the Packers activated receiver Jake Kumerow and signed fullback Danny Vitale to the active roster from the practice squad. last_img read more