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Latin American Growth Lags Behind Global Rates in 2023
The World Bank has updated its 2023 growth forecasts for Latin America to 2%, up from the previous 1.4% prediction. Yet, this rate trails...
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 Uncovers Massive Oil Reserve in Amazon River’s Mouth
Brazil's Energy Minister Alexandre Silveira announced a significant oil discovery in the Equatorial Margin based on an internal Petrobras study.
Specifically, the Equatorial Margin block...
Venezuela’s Saber Rattling in Esequibo Dispute
Venezuela's National Armed Forces (FANB) have pledged to defend the disputed Essequibo territory.
This move follows Guyana's auctioning off of oil blocks in the same...
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...
Venezuela Flags US Base Plans in Disputed Zone to UN
Venezuela has informed the UN about the U.S.'s plans to set up a military base in disputed territory with Guyana.
Foreign Minister Yván Gil spoke...
Maduro Slams ExxonMobil’s Esequibo Influence
ExxonMobil is partaking in oil extraction in the disputed Esequibo area. Brian Nichols, U.S. Undersecretary, supported Guyana's right to develop this region.
This support refers...
Brazil to Launch Amazon Police Hub in 2023
Brazil aims to establish a global police center in the Amazon by late 2023 to combat environmental crimes and drug trafficking.
Eight Amazon countries will...
Lula Backs Oil and Gas Research in Mouth of Amazon River
Brazil's President Luís Inácio Lula da Silva says the country will explore oil and gas in the Equatorial Margin, the mouth of the Amazon...
Brazil propels LatAm’s oil market while Mexico and Colombia face uncertainties
Brazil propels LatAm's oil market, while Mexico and Colombia face uncertainties. Fitch Ratings' recent report reveals contrasting fortunes in Latin America's oil sector.
The report...
Petrobras forecasts oil production for the next 40 years
On the same day the Union's Attorney General's Office supported oil exploration near the Amazon River delta, Petrobras conveyed its potential for oil production...
Lighting the way: Venezuela’s strategic lighthouse strengthens Esequibo’s ambitions
Venezuela's Defense Minister, Vladimir Padrino López, announced the establishment of a strategic lighthouse on the country's eastern Atlantic front as an initiative to foster...
After Amazon summit, Lula talks about challenges in solving rainforest issues
Brazil's President, Luiz Inácio Lula da Silva, acknowledged the complexities involved in devising a lasting resolution for the Amazon's challenges, a topic he discussed...
A comprehensive breakdown of China’s loans in Latin America
Despite the initial coronavirus-induced slowdown in China's financial activities in Latin America, 2022 saw an injection of at least US$813 million in new loans,...