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
17 January 2025
Supply glut or supply deficit are both plausible outlooks, with tariffs and sanctions among the key risks that could swing the pendulum
17 January 2025
European Commission is on its way to meeting clean energy goals, but energy security concerns and higher costs may give it second thoughts
17 January 2025
The CEO of QatarEnergy has highlighted the potential impact a new EU directive could have on energy exports to the continent
16 January 2025
The government’s resource nationalism is aggravating the NOC’s debt position and could yet worsen if also tasked with the decarbonisation shift