Despite Exxon’s recent exploration hurdle, Brazil has big plans for its oil industry as it hopes to increase its production levels significantly throughout 2022. With uncertainty around what the Russian invasion of Ukraine will mean for the energy industry over the coming months, Brazil is hoping to fill a supply gap as countries around the world look for alternative oil and gas sources. In addition, the replacement of state-run Petrobras’s CEO could shake up Brazil’s oil and gas industry. Exxon Mobil Corp is currently exploring…
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