INSUBCONTINENT EXCLUSIVE:
Amid the shifting energy landscape, international oil majors have committed a significant $127 billion to Latin America.Collectively, they
plan to invest this amount in the region between 2015 and 2029
This investment strategy comes from findings in a Wood Mackenzie study.Moreover, this significant financial commitment by these supermajor
annually to the region.This includes $4.2 billion specifically for Brazil in 2024
Sul.This basin shares geological traits with a major Namibian reserve
energy sector.As companies like Equinor, YPF, and Shell gain rights to fields like Argerich in Argentina, they also focus on sustainable
extraction methods.Thus, these methods emphasize less carbon-intensive operations in highly productive wells, enhancing oil marketability
