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Brazil NOCs Upstream
Marat Aslan
1 July 2024
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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

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Sverdrup keeps on giving
11 July 2025
Equinor and its partners at Norway’s largest oilfield have pulled the trigger on a fresh $1.3b investment that will maintain high output for longer
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11 July 2025
Reassessment of the country’s export-facing gas policy coincides with worsening domestic market backdrop
Waiting for Arctic LNG 2
10 July 2025
Without sanctions relief, there is little reason to believe the latest potential attempt at exports from the Russian liquefaction project will be more successful than the one last summer
Nigeria bullish about oil recovery
9 July 2025
Efforts to restructure and boost investment appear to be working, but doubts remain about the plan to almost double crude production by 2030

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