Brazil’s oil regulator ANP has hit Petrobras with a staggering $30 million fine for failing to shut down inactive wells, reports Folha. This hefty penalty highlights the increasing crackdown on compliance within the country’s oil sector
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Brazil’s National Petroleum Agency (ANP) has just announced a thrilling offshore auction with seven brand-new blocks, poised to spark a wave of exploration and boost production in the nation’s abundant pre-salt and deepwater basins