Brazil Moves to Allow Amazon Oil Drilling
President Luiz Inacio Lula da Silva's government is moving toward allowing Brazil's state-run oil company to survey an ecologically sensitive offshore regi...
Source: rigzone.com
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Brazil Moves to Allow Amazon Oil Drilling, Marring Lula's Summit
(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 Profit in Loans t
Source: yahoo.com
Brazil moves toward allowing Petrobras to begin Amazonian oil drilling
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.
Source: worldoil.com
Oil production in Brazil expected to grow by up to 80% in 10 years
Estimates indicate that the national oil production will increase from the current 3 million to 5.4 million barrels per day by 2029
Source: brasil247.com
Mouth of the Amazon to get most of Brazil's oil investments
According to Brazil's National Oil Agency (ANP), oil companies based in the country are expected to invest approximately BRL 21 billion
Source: brazilian.report