Petrobras (PBR) , the state-controlled oil company of Brazil, recently made significant advancements in its exploration strategy by gaining board approval to pursue entry into the Deep Western Orange Basin ("DWOB") block in South Africa. This important decision marks a noteworthy expansion in PBR's international operations, highlighting its commitment to diversifying the company's exploration portfolio and boosting its presence in the competitive global energy landscape. Strategic Acquisition in the DWOB Bl ...