Petrobras must prepare for 'unavoidable' energy transition, CEO says

Kitco Media
By Reuters
Published:
Updated:
Reuters
SAO PAULO, March 2 (Reuters) - The chief executive of Brazilian state-run oil company Petrobras said on Thursday the company must prepare for an "unavoidable" energy transition. Jean Paul Prates highlighted in a conference call with analysts that Petroleo Brasileiro SA's deepwater operations put the company in a good position for wind power generation as the South American country looks to develop offshore wind farms. (Reporting by Gabriel Araujo, Roberto Samora and Marta Nogueira; Editing by Steven Grattan)

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