Brazil's state-controlled oil giant, Petrobras, is exploring new opportunities by seeking stakes in African oil blocks from majors like ExxonMobil, Shell, TotalEnergies, and Equinor
Brazil 's state-controlled oil giant, Petrobras , is exploring new opportunities by seeking stakes in Africa n oil blocks from majors like ExxonMobil, Shell , TotalEnergies, and Equinor. The move reflects Petrobras ' strategy to expand beyond its traditional deep-water fields in Brazil , particularly as domestic exploration has slowed. The company is targeting ten potential projects in Africa n countries such as Namibia, South Africa , and Angola.
The two continents were once connected, leading to comparable oil-rich basins on both sides of the Atlantic. Namibia, in particular, is seen as a potential future oil powerhouse akin to the massive discoveries made in Guyana. In addition to Africa, Petrobras is eyeing Argentina's Vaca Muerta shale region for natural gas opportunities. Talks with companies like YPF and Tecpetrol are underway as Petrobras seeks to secure gas supplies and support local industries.
Shell Africa Assets Brazil Sao Tome And Principe
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
This new Trump indictment raises the stakes in election higher than everIt follows a controversial Supreme Court ruling that Presidents are immune to prosecution for any acts relating to official business
Read more »
Kamala Harris defends White House record in high-stakes first interviewUS Vice President Kamala Harris has said her values 'have not changed' as she was questioned along with her running mate Tim Walz in their first major television interview of their presidential campaign.
Read more »
Aston Martin F1 team value soars as investors rev up stakesAccel and HPS Investment Partners, two prominent global investors, are buying shares in the Formula One team featuring Fernando Alonso in a deal valuing it at more than £1.5bn, Sky News can exclusively reveal.
Read more »
Iran's Missile Diplomacy Raises Stakes in Russia-Ukraine ConflictThe EU is threatening swift action in response to reports of Iran supplying ballistic missiles to Russia, while the Kremlin highlights its close ties with Tehran.
Read more »
Harris and Trump detail their starkly different visions in a tense, high-stakes debateHarris repeatedly shook her head derisively as Trump spoke, occasionally staring at him with a hand on her chin, while Trump seemed to avoid looking toward the…
Read more »
Harris and Trump detail their starkly different visions in a tense, high-stakes debateHarris repeatedly shook her head derisively as Trump spoke, occasionally staring at him with a hand on her chin, while Trump seemed to avoid looking toward the…
Read more »