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flag Petrobras nears drilling license in Brazil’s Amazon Foz region after spill response plan approved, pending wildlife protection updates.

flag Petrobras is close to obtaining a drilling license in Brazil’s ecologically sensitive Foz do Amazonas region after its emergency oil spill response test was approved by Ibama, a key step toward exploring deep-water reserves. flag The company, aiming to invest $3 billion through 2029, sees the Equatorial Margin as vital for energy security amid declining pre-salt reserves. flag While Ibama praised the spill response plan’s strength, it requires adjustments to the wildlife protection strategy before final approval. flag The decision balances economic and energy goals against environmental risks and climate commitments, with strong support from the government and concerns from environmental groups and Indigenous communities.

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