Brazilian M&A Picks Up as Asians Seek Cheaper Oilfields

Brazilian M&A Picks Up as Asians Seek Cheaper Oilfields

Dado Galdieri/Bloomberg

An attendant fills a vehicle's gas tank at a Petroleo Brasileiro SA (Petrobras) station in Rio de Janeiro. The MSCI Brazil Energy Index, which includes OGX and Petroleo Brasileiro SA, has rallied 16 percent in the past month after slumping 47 percent in the previous two years.