Multinational Majors Announce Billion-Dollar Investment In Brazilian Oil Field ...Middle East

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Multinational Majors Announce Billion-Dollar Investment In Brazilian Oil Field
source : OILPRICE ( Middle East ) () 18
Brazil thinks it can do it all as it refuses to curb fossil fuel production, despite IEA warnings, while expecting to still meet environmental goals. Meanwhile, Equinor, ExxonMobil, and Petrogal Brasil agree on the huge phase one development of Brazil’s Bacalhau oil field. This week, Norway’s Equinor, ExxonMobil, and Petrogal Brasil have announced an $8 billion phase one development of Brazil's Bacalhau oil discovery. The former two oil majors have a 40 percent stake each in Bacalhau, with Petrogal holding 20 percent.  The Bacalhau…

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