Petrobras Returns to Namibia, and the Timing Tells the Whole Story

Key Points Petrobras, Brazil’s state-controlled oil company, acquired a major stake in an unexplored offshore block in Namibia alongside France’s TotalEnergies, signalling that two of the world’s most powerful energy players are converging on Africa’s last untapped oil frontier. The deal reflects a quiet strategic crisis inside Petrobras: its legendary deep-water fields off Brazil will […]