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Five countries in Latin America – Brazil, Colombia, Guyana, Mexico and Venezuela – look to boost production in 2023, but the lion’s share of the production will come from developments in exploration hotspots Brazil and Guyana.
Brazilian President Luis Inacio Lula da Silva potentially ushers in another new era of increased state involvement in Brazil’s oil industry
CNOOC Petroleum Brasil has doubled its stake in the Buzios oilfield in Brazil to 10 percent from 5 percent, its parent China National Offshore Oil Corp announced on Thursday.
Petrobras has received nearly $2Bn for the transfer of an additional interest in the Buzios field to Chinese energy major CNOOC.
Petrobras has received R$10.3bn ($1.9bn) from Chinese oil and gas major CNOOC for a production sharing deal at the Buzios field.