• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 13 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 8 days What fool thought this was a good idea...
  • 11 days Why does this keep coming up? (The Renewable Energy Land Rush Could Threaten Food Security)
  • 6 days A question...
  • 11 days They pay YOU to TAKE Natural Gas
  • 17 days The United States produced more crude oil than any nation, at any time.
Millennials Drive EV Adoption in the U.S.

Millennials Drive EV Adoption in the U.S.

A recent survey from Statista's…

Why Oil May Regain Upward Momentum

Why Oil May Regain Upward Momentum

Experts have predicted that positive…

Brazil to Become the World's Largest Market for Oil Exploration Technology

Brazil’s state-controlled oil and gas giant Petrobras CEO Jose Sergio Gabrielli has confidently predicted that his country will shortly become the world's largest market for deep offshore oceanic hydrocarbon exploration equipment.

Talking to journalists on the sidelines of a Brazilian-UK panel on energy generation in Rio de Janeiro Gabrielli said, "In terms of growth possibilities, in the next 10 years, most of the discoveries will come from Brazil. In the immediate future, we will see a reduction of the consumption of oil byproducts in the U.S., Europe, and Japan, and an increase in consumption in China, India, Brazil, and Africa, where you have accelerated economic growth and social inclusion," Xinhua news agency reported.

Brazil’s offshore reserves have attracted British attention, as this week British Trade Minister Lord Green led a trade delegation there to tout for business. A spokesman for the United Kingdom Trade & Investment (UKTI) government agency told reporters, “Developing closer ties on technology is a priority in the bilateral relationship.  The UK and Brazil have much to gain through working together. In many respects the two countries are a natural fit.

Brazil has the best science base outside the G8 and the UK is at the cutting edge in a number of sectors notably low carbon research and development.

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News