Brazil is hoping to attract oil majors to new deepwater projects that would employ low-carbon extraction technology, Reuters has reported , citing country officials. According to unnamed sources, Exxon, TotalEnergies, BP, and Chevron were among the targets for potential talks about the development of the new fields, to be auctioned this December. “Projects that produce less CO2 will be the last ones to go” offline, the head of exploration and production at Petrobras, Fernando Borges, told Reuters at the Offshore Technology Conference in Houston. “This environment made our new projects more attractive.” Brazil is on its way to becoming the single biggest supplier of offshore in the world, accounting for 23 percent of total offshore oil output in 2025, at a rate of 1.3 million bpd. This would be thanks to the development of its massive reserves in the presalt zone of its shelf, which has already attracted a […]