The Future Of Oil Is Offshore ...Middle East

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The Future Of Oil Is Offshore
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Brazil and its tiny neighbors Guyana and Suriname have recently risen to prominence with major oil discoveries despite what most would see as an unfavorable environment—the energy transition seems to be moving ahead at full speed and oil’s days should be numbered. Only they aren’t. And the future of oil appears to be offshore. Brazil will come to account for a quarter of global offshore oil output by 2025, a recent report by GlobalData said. This would mean South America’s largest country would be supplying some 1.3 million…

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