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Petrobras Commits $100 Billion to Global Offshore Ventures
Brazil’s Petrobras plans a $100 billion investment in offshore oil exploration and production, CEO Jean Paul Prates announced. As Latin America’s leading oil firm, it targets global growth, eyeing Europe, West Africa, and the Americas. This move aims to make Brazil a frontrunner in offshore wind energy, aligning with the global pivot from fossil fuels. […]
Trump rips Biden on key issue impacting voters after damaging report: ‘Totally lost control’
An unexpected bump up in inflation is giving former President Trump more ammunition to fire at President Biden as the two face off in their 2024 election rematch. After the Labor Department reported on Wednesday that the consumer price index – a broad measure of the cost of everyday goods such as gas and groceries, […]
Petrobras 2023: Record Oil and Gas Output
Petrobras, a top energy company, increased oil and gas production by 3.7% in 2023, averaging a daily output of 2.78 million barrels. The increase stems mainly from advancements in pre-salt areas. However, this figure fell slightly short of the year’s goal. The firm’s commercial output reached 2.44 million barrels daily. Out of this, oil alone […]