Tag: Statoil

Brazil’s U.S. $133 Billion, Ten-Year Push in Search of Oil and Gas : Obama Sending Billions In U.S. Taxpayer Dollars For Brazil To Drill New Offshore Oil Wells.

Energy corporations will invest US $133 billion in the next ten years looking for oil and gas in Brazil according to a release from the country’s Ministry of Mines and Energy. The plan, according to official sources, seeks to balance economic growth prospects with energy supply and expanded demand.