It was certainly a busy week for Brazilian behemoth Petrobras
First, a few thoughts on the Tupi oil field discovery. You've heard the term Big Oil. Well, this was a Big Oil Find -- like "5 to 8 billion barrels" big. PetroChina's
Before they even popped the Peterlongo, government officials quickly removed 13% of the exploration blocks coming up for bid in the late-November lease sale. This will make it harder for CVRD
While its future prospects are bright, Petrobras is still suffering the same growing pains as the rest of the energy elephants. Sure, the company ground out modest domestic production gains, which is better than Chevron
As with its Chinese analogue, Petrobras has a strong asset portfolio, and it's fast becoming one of the most important global energy players. Fortunately, the shares haven't attracted the same level of speculative fervor, and I imagine that shareholders will continue to be rewarded by holding on for the ride. I'd advise Fools to keep an eye on those expenses and make sure you're getting your money's worth as Petrobras' production profile evolves.