Brazil has given the green light to new oil drilling deep within the Amazon rainforest, sparking intense protests from environmentalists who warn of devastating and irreversible damage to this crucial ecosystem and its indigenous peoples. Despite the outcry, the government remains resolute, insisting that this move is vital for boosting economic growth
Petrobras and Equinor stole the spotlight in Brazil’s latest pre-salt auction, securing major offshore oil blocks that promise to reshape the energy landscape. This thrilling development underscores a booming wave of interest and investment in the country’s vast deepwater reserves, Reuters reports
Brazil’s Petrobras has just received the green light from the government to begin oil drilling near the mouth of the Amazon River, sparking intense environmental alarm over the threats posed to this delicate and crucial ecosystem
TotalEnergies (TTE:NYSE) is shaking up the South American energy scene with a bold $500 million deal, selling its stakes in two Argentina oil and gas blocks to YPF. This strategic move is designed to sharpen its focus and streamline its portfolio for greater impact
Petrobras has announced the confirmation of hydrocarbons in the presalt Aram area, located offshore Brazil. This discovery emphasizes the ongoing potential of the presalt reserves, underscoring Brazil’s strategic position in the global energy market.
