A Tumultuous Year for South America’s Oil Industry ...Middle East

Last year, 2023, was a tumultuous period for South America’s oil industry. Increased recognition of climate change saw regional governments push to reduce emissions and implement policies aimed at enhancing environmental protection. Elevated geopolitical instability along with increased regulatory scrutiny and tax hikes further impacted the continent’s oil industry. Meanwhile, Guyana and Brazil’s mega-offshore oil booms garnered considerable attention from Big Oil and governments across the world, notably the leaders…

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