Prio Acquires 40% Stake in Peregrino Oil Field for $1.9 Billion

Prio, a Brazilian oil company, has struck a deal with Sinochem to purchase its 40% stake in the Peregrino oil field. The agreement, valued at $1.9 billion, marks a significant expansion for Prio in Rio de Janeiro’s offshore oil sector. Prio announced the deal’s completion late Thursday, with plans to release a detailed statement early […]