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Back in 2019, Brazil produced over 1 billion barrels of crude oil. It was the first time the national total had broken the billion-barrel mark, and more than half of that was pumped from the presalt zone offshore Brazil. Five years later, supermajors ...
The global economy is facing significant challenges due to energy constraints, increasing wealth disparity, and rising inflation, which are collectively leading it towards a potential downturn.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
In 2024, the world economy is acting more and more like an 80-year-old man than like a young vigorous economy. Perhaps the economy can continue for quite a few more years, but it increasingly looks like it is in danger of falling apart, or of...
The exploration well unveiled a “significant column of light oil in reservoir-bearing sands of high quality,” the company said. Galp will continue drilling operations at Mopane-1X to explore “deeper targets.”