CNOOC pays Petrobras $1.9bn in Buzios field deal
Petrobras has received BRL10.3 billion ($1.9 billion) from Chinese oil and gas major CNOOC as payment for a 5% stake in a production sharing agreement at the Buzios oil field.With this transaction, Petrobras said it will hold an 85% stake while CNOOC's Brazilian unit CBPL will hold 10% and the...