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
Instagram Tops TikTok in Downloads Amidst U.S. Ban Threats
Instagram has overtaken TikTok as the world’s most downloaded app, amid potential US bans against TikTok. With Meta’s backing, Instagram reached 768 million downloads in 2023, showing a 20% increase. Meanwhile, TikTok’s downloads totaled 733 million, a modest 4% rise. This growth spurt for Instagram is largely thanks to Reels, a feature launched in 2020 […]
Colombia Fights Looming Downgrade from Emerging Market to Frontier Status
Colombian regulators and investors are actively working to bolster their stock market to maintain its emerging market status. The Colombian Stock Exchange, government, pension funds, traders, and top companies are jointly devising a plan to boost liquidity and trading volume. This initiative responds to a JPMorgan Chase & Co. report from last year, which indicated […]
Azul’s Strategic Flight: Navigating Through Financial Turbulence
In Brazil’s aviation market, Azul notched a record Ebitda margin in early 2024, highlighting its robust performance. Despite rising debt, the airline achieved a 37% Ebitda growth, showing strong financial management. This achievement boosted Azul’s stock to R$11.28 ($2.19) by Monday afternoon. Aiming for its 2024 financial goals, Azul needs 22% yearly Ebitda growth. Itaú […]