Page 9 - Equatorial Margin News Today

Brazil’s Finance Minister has said that Petrobras could launch oil exploration in an environmentally sensitive deepwater basin if it is cautious.

By Lisandra Paraguassu BRASILIA (Reuters) - Brazil will likely end up exploring the Equatorial Margin for oil but state-run Petrobras should adopt a "cautious" approach given the need for precautions to protect the environment, Finance Minister Fer...

Brazil will likely end up exploring the Equatorial Margin for oil but state-run Petrobras should adopt a 'cautious' approach…

The chief of staff of Brazil’s President has signaled that Petrobras will be able to pursue oil and gas drilling in the Amazon.

The attorney general’s office, or AGU, will issue an opinion that it is not necessary for Petroleo Brasileiro SA to conduct a major environmental impact study to begin prospecting oil in the so-called Foz do Amazonas, a region off the country’s northern coast, according to two people with knowledge of the matter.

President Luiz Inacio Lula da Silvas government is moving toward allowing Brazils state-run oil company to survey an ecologically sensitive offshore regi...

(Bloomberg) -- President Luiz Inacio Lula da Silva’s government is moving toward allowing Brazil’s state-run oil company to survey an ecologically sensitive offshore region, a decision that threatens to overshadow a major environmental summit and feed a festering dispute in his administration.Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealFirst American City to Tame Inflation Owes Its Success to Affordable HousingTycoon Who Gave Away $750 Million Sees Pro...

The attorney general’s office, or AGU, will issue an opinion that it is not necessary for Petroleo Brasileiro SA to conduct a major environmental impact study to begin prospecting oil in the so-called Foz do Amazonas, a region off the country’s northern coast, according to two people with knowledge of the matter.

Estimates indicate that the national oil production will increase from the current 3 million to 5.4 million barrels per day by 2029

According to Brazil's National Oil Agency (ANP), oil companies based in the country are expected to invest approximately BRL 21 billion