Executives at Brazilian oil firm Petrobras are set to meet with President-elect Luiz Inacio Lula da Silva's transition team next Monday, sources familiar with the matter said on Friday. The firm's chief executive, Caio Paes de Andrade, is expected to attend what would be the first face-to-face meeting between members of the transition team and the management of the country's largest state-owned company. In an online meeting last Monday, representatives of Brazil's next government asked Petrobras' executives to suspend the company's divestment plan until a new management of the company takes office.
Equinor (EQNR) expects the development plan to increase production at Oseberg by 31.2 million cubic meters of oil equivalent.
The acquisition will help expand Eni's (E) natural gas business, which is crucial to its growth strategy.