The Brazilian National Agency of Petroleum, Natural Gas, and Biofuels (ANP) has updated its 2024 investment forecast. They expect up to $1.96 billion for exploring oil and gas. Notably, the Equatorial Margin might get around $1 billion. The agency highlights these figures from the Exploration Phase Investment Predictions panel. They remind us that updates might […]
Related Posts
Economic Revival Efforts Unfold in China
China announced a reduction in bank reserve ratios starting February 5, releasing approximately 1 trillion yuan ($139 billion) for new lending to stimulate the economy. This is the largest cut since December 2021 and aims to increase spending and investment. Pan Gongsheng, head of the People’s Bank of China (PBoC), revealed the plan. This initiative […]
Chile’s Unemployment Rate at 8.5% in Early 2024
From December 2023 to February 2024, Chile’s unemployment rate increased to 8.5%, a slight increase from the previous year. The National Institute of Statistics (INE) released this data, pointing to a growing labor market challenge. The workforce expanded by 3.2%, just above the job growth rate of 3.1%. This small difference pushed the unemployment rate […]
India Joins the Deep-Sea Mining Race Amid Environmental Concerns
India has entered the race for deep-sea mining, applying for two licenses to extract critical metals like cobalt, copper, manganese, and nickel from the ocean floor. These metals are pivotal for the green energy transition, fueling technologies such as electric vehicle batteries and solar panels. The U.N.’s International Seabed Authority, overseeing the industry, issued 31 […]