Petrobras hands back NZ licences

Brazilian oil giant Petrobras has pulled out of New Zealand, but the Government is hoping another company will pick up from where it left off.

The world's third-biggest oil company with sales of close to $150 billion a year, Petrobras had planned to invest $300m over the next three years in exploration and production ... READ MORE

Released by Fairfax - 4 December 2012