While Petrobras is touting a potential start to drilling in an environmentally sensitive area offshore the mouth of the Amazon River, indigenous communities are increasingly opposing the exploration plans of Brazil’s state-owned oil giant, which has yet to receive an all-clear license to drill, Reuters reports, citing interviews with locals and memos and documents it has reviewed. After spending a decade selling off many assets outside Brazil, Petrobras is now shifting its strategy to portfolio diversification, keeping the focus on the…

While Petrobras is touting a potential start to drilling in an environmentally sensitive area offshore the mouth of the Amazon River, indigenous communities are increasingly opposing the exploration plans of Brazil’s state-owned oil giant, which has yet to receive an all-clear license to drill, Reuters reports, citing interviews with locals and memos and documents it has reviewed. After spending a decade selling off many assets outside Brazil, Petrobras is now shifting its strategy to portfolio diversification, keeping the focus on the…

While Petrobras is touting a potential start to drilling in an environmentally sensitive area offshore the mouth of the Amazon River, indigenous communities are increasingly opposing the exploration plans of Brazil’s state-owned oil giant, which has yet to receive an all-clear license to drill, Reuters reports, citing interviews with locals and memos and documents it has reviewed. After spending a decade selling off many assets outside Brazil, Petrobras is now shifting its strategy to portfolio diversification, keeping the focus on the…

Demand for gold is high, with Costco reportedly selling up to $200 million worth of gold bars every month in the United States.Gold is considered a unique asset due to its enduring value, historical significance, and application in various technologies like computers, spacecraft, and communications equipment. Commonly regarded as a “safe haven asset”, gold is something investors typically buy to protect themselves during periods of global uncertainty and economic decline. It is for this reason that gold has performed rather strongly…

Kazakhstan, a non-OPEC oil producer part of the OPEC+ agreement, will consider building an oil pipeline in the Caspian Sea, Russian news agency Interfax reported on Thursday, quoting Kazakhstan’s Energy Ministry. The country is also considering the construction of another oil pipeline from Atyrau to Kuryk in the medium term, the Kazakh Energy Ministry said in response to questions. “The possibility of constructing an oil pipeline across the Caspian Sea floor will also be studied,” the ministry added, as carried by Interfax.…

Kazakhstan, a non-OPEC oil producer part of the OPEC+ agreement, will consider building an oil pipeline in the Caspian Sea, Russian news agency Interfax reported on Thursday, quoting Kazakhstan’s Energy Ministry. The country is also considering the construction of another oil pipeline from Atyrau to Kuryk in the medium term, the Kazakh Energy Ministry said in response to questions. “The possibility of constructing an oil pipeline across the Caspian Sea floor will also be studied,” the ministry added, as carried by Interfax.…

Back in early 2018 when rumours were rife that then-U.S. President Donald Trump was going to unilaterally withdraw his country from the ‘nuclear deal’ with Iran, China moved to position itself to occupy the vacuum that would be left in Iran and Iraq, at the very heart of the Middle East. Beijing knew that Iran continued to wield enormous influence over neighbouring Iraq, and that both together were the biggest oil and gas prize in the entire region, in addition to being at the vanguard of the Shia strand of Islam. In Iran’s case,…

Renewable energy projects and emerging low-carbon technologies are more exposed to the current high interest rate environment globally, which could slow the pace of transition to clean energy, Wood Mackenzie said in a new report on Thursday. The rising interest rates in many major renewables markets in the past two years have significantly raised the cost of capital for new projects, the energy consultancy says. Global monetary policies are set to remain much higher in the coming decades than the near-zero interest rate period in…