Bid Round Raises Optimism in Brazil's Deep Water Industry
On December 13, 193 blocks were auctioned in Brazil’s oil and gas licensing round, signaling strong optimism for the industry…
Source: oedigital.com
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Brazil's Invitation to Join OPEC+ Highlights the Importance of Its Oil Boom
Brazil’s decision to join OPEC+ highlights just how large a player the country is on the world stage, with its soaring oil production threatening the consortium’s control of oil markets.
Source: oilprice.com
Brazilian deepwater prospects "cautiously optimistic" ahead of upcoming oil auction
The ANP is offering a total of 602 oil blocks that span areas on land in the Amazon basin to deepwater regions in northeastern and southern Brazil under concession contracts, with minimum signing bonuses totaling 259 million reais ($52 million).
Source: worldoil.com
'Historic' $8B in Grants Will Fund US Passenger Rail Expansion
Grants from the Federal Railroad Administration will fund high-speed passenger rail projects from North Carolina and Virginia to California and Nevada.
Source: enr.com
South America's Offshore Oil Boom Will Challenge OPEC's Dominance
South America’s offshore oil boom, led by Guyana and Brazil, is set to challenge OPEC’s dominance in global oil markets.
Source: oilprice.com