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2025-08-05 Caribbean-Latin America

Brazil discovers largest oil field in 25 years

Direct Translation via Google Translate. Edited.
[Regnum] The largest oil and gas field in the last 25 years has been discovered in the southeastern part of Brazil. This was reported by the press service of the British energy company BP.

The field, dubbed Boomerang, is located in the Santos Basin, approximately 400 km from Rio de Janeiro, and covers a vast area of over 300 square kilometers. It is the tenth field discovered by BP in 2025.

On the news, BP shares rose 1.5% on the London Stock Exchange.

Every time we approach peak oil, someone finds more. And each discovery lowers the value of Russian and Iranian sales.

Posted by badanov 2025-08-05 00:00|| E-Mail|| Front Page|| ||Comments [69 views ] Top

#1

Remember the predictions back in 1970's that the world would run out of OIL by the 1980's, then the 90's, then 2000+, and etc. .

The latest Update

Posted by NN2N1 2025-08-05 07:30|| 2025-08-05 07:30|| Front Page || Comments Top

#2 Crude oil production is a little more sophisticated these days.

Posted by Besoeker 2025-08-05 07:38|| 2025-08-05 07:38|| Front Page || Comments Top

#3 re: #2 He was just shootin' at some food...

Posted by alanc 2025-08-05 11:26|| 2025-08-05 11:26|| Front Page || Comments Top

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