“This is the fifth-deepest well Petrobras has ever drilled, and it is a pioneer well in an unexplored area. That requires great care,” said Sylvia Anjos, Petrobras’ Exploration and Production director, at a press conference

Brazil has authorized controversial offshore oil exploration near the Amazon, less than a month before it hosts the U.N. climate summit (COP30), where it aims to present itself as a leader in environmental preservation

A consortium led by Brazil’s state-run oil company Petrobras, which includes ExxonMobil, was awarded five blocks in the controversial Foz do Amazonas basin during an auction held by the national energy regulator ANP

The Brazilian government reported that the state-run oil company Petrobras has met one of the environmental requirements set by authorities to explore potential oil reserves near the mouth of the Amazon River