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This year marked the return to boosting oil and gas production, and with it—increased exploration efforts in key basins and promising new frontiers. Guyana, Suriname, Namibia, and Brazil have seen major oil discoveries in recent years. Big oil scaled back on renewable energy investment and has returned to oil and gas exploration. Sept. 19 (oilprice.com)... Continue Reading →
(Reuters) - A South African court has rescinded an environmental authorization granted to TotalEnergies and its joint venture partner Shell to explore for oil in a block off the Cape coast, a court judgment seen by Reuters showed. However, the court said TotalEnergies should be given a chance to rectify deficiencies identified, including a failure to properly... Continue Reading →
(PN) Petrobras' Director of Exploration and Production, Sylvia dos Anjos, detailed the company's next steps in Brazil and abroad during a press conference. One of the company's focuses continues to be the Aram area, in the pre-salt layer of the Santos Basin, where two new drillings are planned, following the second discovery of oil in... Continue Reading →
(Reuters) Petrobras is looking at potential opportunities in Argentina while advancing in projects in Colombia and Africa, the firm's exploration and production head Sylvia dos Anjos said on Tuesday. Gas from the Vaca Muerta region would be interesting to Petrobras as a pipeline connecting Argentina, Bolivia and Brazil could be used to transport it, Anjos said on the... Continue Reading →
(oilnow.gy) Suriname is set for a wave of oil and gas exploration, with industry giants Shell, TotalEnergies, and Chevron leading efforts to tap into the country’s promising offshore reserves. Operators plan to drill around 10 wells between 2025 and 2027 in Suriname’s portion of the Guyana-Suriname Basin. A new report from Norway-based Rystad Energy said... Continue Reading →
(Reuters) - Brazil's BRICS presidency this year will not advance a common currency for the group of major developing economies this year, four government officials said, but its agenda may pave the way for less reliance on the U.S. dollar in global trade. That agenda could draw the ire of U.S. President Donald Trump, who... Continue Reading →
Brazil Energy Insight 