The head of Brazil’s state-controlled oil company, Petrobras, is stirring up controversy with a bold declaration: “drill, baby, drill!” This provocative statement regarding oil exploration in the Amazon has ignited fierce backlash from environmentalists and lawmakers alike. Critics are voicing their concerns that such rhetoric could jeopardize vital conservation efforts in one of the world’s most precious ecosystems.
Petrobras is on an exciting mission to draw in Chinese investments to Brazil’s naval sector, with the goal of supercharging local shipbuilding capabilities and strengthening economic connections. This initiative represents a bold step towards modernizing Brazil’s maritime industry and ramping up offshore production.
Mendoza province in Argentina is ramping up its oil and gas exploration initiatives, striving to invigorate local economies while navigating environmental challenges. With its abundant resources, this region has the potential to draw substantial investment, paving the way for a transformative era in Argentina’s energy sector.
Italy’s Eni has officially joined forces with Argentina’s YPF by signing a Memorandum of Understanding to embark on an exciting liquefied natural gas (LNG) project. This collaboration is set to boost energy production and elevate export capabilities in Argentina, showcasing the region’s rich resources and attracting increasing international attention.
has made a bold move by acquiring , significantly strengthening its foothold in the vibrant South American energy market. This strategic acquisition not only reflects Vista’s ambitious growth plans but also enriches its portfolio and operational prowess in the region, setting the stage for exciting new opportunities ahead
Brazil’s Petrobras is exploring new avenues in the energy sector, considering participation in an upcoming power auction focused on battery storage. This move could enhance the company’s portfolio and support Brazil’s growing renewable energy ambitions.
ExxonMobil has announced a significant investment aimed at enhancing Australia’s natural gas production. This move is part of the company’s strategy to expand its energy portfolio and meet growing global demand for cleaner fossil fuels.
Equinor is reportedly planning to sell its onshore assets in Argentina, according to local news sources. This move aligns with the company’s strategy to streamline operations and focus on core projects, reflecting a shift in its investment priorities in the region.
