Petrobras Secures Attorney General's Support for Amazon Oil Exploration
TL;DR Summary
Brazilian state-run oil company Petrobras expects to continue producing oil for the next four decades while also increasing investments in renewable energy. The company plans to maintain a balanced portfolio, investing in both oil and renewables, while keeping its proven reserves stable. Petrobras aims to drive the energy transition aspired by President Luiz Inacio Lula da Silva but acknowledges the future drop in global oil demand. The company is also defending its controversial bid to drill a well at the mouth of the Amazon River, despite opposition from environmental groups.
- Petrobras to continue producing oil for the next 4 decades, says exec Reuters
- Petrobras Gets Help From Brazil’s Attorney General to Explore the Amazon Yahoo Finance
- Attorney General's Opinion Clears Path for Government to Progress with Oil Exploration in the Amazon River's Mouth Folha de S.Paulo
- Petrobras Gets Help From Brazil's Attorney General to Explore the Amazon Financial Post
- Brazil's Attorney General Clears Hurdle to Petrobras's Foz do Amazonas Project Bloomberg
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