Petrobras sets terms to scale back grandiose Lula-era ships deal

Brazil's oil major Petrobras takes a step closer to scaling back an ambitious ship deal that was made in an era of big spending and towering oil prices.

BY SABRINA VALLE, BLOOMBERG

Petrobras moved a step closer to reducing an ambitious drillship-fleet plan from an era of big spending and high oil prices into something more realistic.

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Petrobras enters billion-dollar settlement in US case
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