Brazil awaits contentious Equatorial Margin call
Political rancour is rising as politicians appeal for environmental licence to explore the mouth of the Amazon
Brazil’s government and NOC Petrobras are doubling down on efforts to explore the controversial Equatorial Margin, a vast area stretching along the coast of six northern states and comprising five geological basins. In late June, Brazil’s president, Luiz Inacio Lula da Silva, reiterated his stance that exploration is crucial to growing the economy. Minister of Mines and Energy Alexandre Silveira added that the basin could be the last oil and gas frontier before the consolidation of the energy transition takes full effect. “Recent massive discoveries in Guyana, not too far from the Brazilian Equatorial Margin, have sparked a lot of interest in this area, based on the hope that Brazil can repl
Also in this section
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation






