Summary by Moomoo AI
On April 18, 2024, Petroleo Brasileiro SA Petrobras (Petrobras), a leading Brazilian oil company, announced the signing of a Memorandum of Understanding (MoU) with bp, a global energy company. The MoU is aimed at fostering cooperation and exploring business opportunities between the two entities across various segments, including Sustainable Fuels, Carbon Credits, Biorefining, and Exploration and Production. The partnership is set to extend into joint research, development, and innovation projects. Petrobras and bp are already collaborating on exploration blocks in the Campos Basin and the Barreirinhas Basin, with Petrobras as the operator. The company has indicated that any material facts related to this collaboration will be disclosed to the market as they become available.