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Brazil’s Petrobras Strikes Oil in Controversial Equatorial Margin
Yesterday, Petrobras, the national oil giant of Brazil, announced a groundbreaking oil discovery in the deep waters of the Potiguar Basin.
This find, located at...
Petrobras Resumes Equatorial Margin Oil Exploration after Conflict
Petrobras, the Brazilian state-owned oil company, has restarted drilling in Rio Grande do Norte, marking the resumption of oil and gas exploration in the...
The Equatorial Margin is Brazil’s new Oil Frontier
Brazil's northern coast gained attention due to significant oil finds in Guyana and Suriname. Interestingly, it's not just oil companies watching.
Environmentalists and the oil...
What is Equatorial Margin? See 10 questions and answers about Brazilian Petrobras’ new bet
By Gabriela Ruddy
The year 2023 could mark the return of Petrobras to a region that has not received new oil and gas exploration activities...
Petrobras bets on the Equatorial Margin as a new oil horizon
RIO DE JANEIRO, BRAZIL - The Brazilian oil company Petrobras will invest 1 billion dollars in the next few years in the drilling of...
Petrobras Set to Probe Equatorial Basin
Brazil's Petrobras has secured approval from Ibama, the national environmental agency, for offshore oil exploration in the Equatorial Margin.
Specifically, they can now survey the...
Brazil’s Finance Minister Discusses Safe Equatorial Drilling
Brazilian Finance Minister Fernando Haddad said on Canal Livre Sunday that Brazil may tap oil in the Equatorial Margin. He stressed doing it safely...
Equatorial gold rush: the oil boom in Guyana and Brazil’s untapped potential
The Equatorial Margin, a maritime zone extending from Guiana to Brazil's Rio Grande do Norte, has been a significant focus of oil discovery efforts.
By...
Brazil Expands Oil Reserves to Highest Level Since 2015
In 2023, Brazil recorded its highest oil reserves since 2015, achieving 15.9 billion barrels. This 7% increase over last year is significant.
It marks the...
Petrobras Commits $100 Billion to Global Offshore Ventures
Brazil's Petrobras plans a $100 billion investment in offshore oil exploration and production, CEO Jean Paul Prates announced.
As Latin America's leading oil firm, it...
2024: Big Boost in Brazil’s Oil Exploration
The Brazilian National Agency of Petroleum, Natural Gas, and Biofuels (ANP) has updated its 2024 investment forecast.
They expect up to $1.96 billion for exploring...
Brazil Tops in Climate Lawsuits
Brazil now stands as the top country in the Global South for climate-related lawsuits.
This finding comes from a study by the JUMA research group...
$500 Billion Fuels Latin America’s Oil and Gas Surge
Latin America's oil and gas industry is soaring, driven by high barrel prices and OPEC's strategic supply cuts.
Amidst the Ukraine conflict, these elements are...
Petrobras’ Bold Five-Year Plan to Generate 1.4 Million Jobs
Petrobras has unveiled its strategic plan for 2024-2028, aiming to generate 1.4 million jobs, with an annual average of 280,000.
This initiative focuses on oil...