Brazil thinks it can do it all as it refuses to curb fossil fuel output, regardless of IEA warnings, though expecting to continue to meet environmental goals. Meanwhile, Equinor, ExxonMobil, and Petrogal Brasil agree on the enormous section a person progress of Brazil’s Bacalhau oil area.
This week, Norway’s Equinor, ExxonMobil, and Petrogal Brasil have announced an $8 billion period a person progress of Brazil’s Bacalhau oil discovery. The previous two oil majors have a 40 p.c stake each and every in Bacalhau, with Petrogal holding 20 per cent.
The Bacalhau oil subject is made up of light-weight oil with