Page 11 - Equatorial Margin News Today

Brazils Petrobras may look abroad for future growth, two sources with knowledge of the state-run firms plans told Reuters, after environmental regulators dashed its hopes of exploring near the... | June 1, 2023

After a major drilling project at home was denied due to environmental concerns, Petrobras is considering growing its footprint abroad.

Brazil's Petrobras may look abroad for future growth, two sources with knowledge of the state-run firm's plans told Reuters…

By Marta Nogueira RIO DE JANEIRO, June 1 (Reuters) - Brazil's Petrobras may look abroad for future growth, two sources with knowledge of the state-run firm's plans told Reuters, after environmental regulators dashed its hopes of exploring near the Amazon River where it had aimed to make its first major domestic oil discovery in over a decade.

The Brazilian Congress approved a series of actions to dismantle the president’s ambitious environmental agenda, including attacks on Indigenous peoples rights and stripping powers of ministers.

Petrobras on pieces of news in the media - Rio de Janeiro, May 31, 2023 - Petróleo Brasileiro S.A. - Petrobras, regarding the news... | May 31, 2023

(Bloomberg) — A reef habitat near the mouth of the Amazon River is threatening to derail Brazil’s biggest bet on expanding oil output. State-controlled producer Petroleo Brasileiro SA, or Petrobras,...

The Brazilian company has had an oil rig in place since early December, awaiting approval to drill in block FZA-M-59, costing around $1 million a day.

Petrobras will appeal a decision by the environmental protection agency to deny it a license to drill oil off the coast of the Amazon.

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