Latest news with #FozDoAmazonas
Reuters
4 days ago
- Business
- Reuters
Petrobras, Chevron-led consortia pick up blocks in Foz do Amazonas auction
SAO PAULO, June 17 (Reuters) - A consortium led by Brazil's state-owned oil company Petrobras ( opens new tab including ExxonMobil (XOM.N), opens new tab was awarded five blocks in the controversial Foz do Amazonas basin in an auction held by the South American country's ANP authority on Tuesday. Another consortium, led by Chevron (CVX.N), opens new tab and including China's state-owned oil producer CNPC ( , acquired a total of nine blocks in the auction for blocks in the basin. Plans in Brazil to drill for oil in the Foz do Amazonas basin - located off the coast of the Amazon rainforest - are controversial due to the environmental importance of the region and have faced delays in obtaining permits. The region is home to vast coral reefs and coastal Indigenous communities. Another consortium between Petrobras and ExxonMobil, this time led by the U.S. company, picked up five additional blocks in the basin.
Reuters
19-05-2025
- Business
- Reuters
Brazil's agency approves Petrobras' fauna rescue plan as part of Amazon mouth request
RIO DE JANEIRO, May 19 (Reuters) - Brazilian environmental agency Ibama said on Monday it approved state-run oil firm Petrobras' ( opens new tab concept of an emergency plan to assist local fauna in case of an oil spill in the Foz do Amazonas basin. Ibama said the approval is one of the steps needed by the company to gain a final green light to drill in the environmentally sensitive region, adding it will now hold tests and simulations to verify Petrobras' plan effectiveness.
