Multibillion-dollar oil developments help Equinor lead the charge for international companies in Brazil

More than two decades after the opening of the Brazilian oil and gas sector to foreign investors, state-controlled Petrobras is still responsible for the lion’s share of hydrocarbon production in the South American nation.

However, that balance is beginning to tip as international oil companies and Brazilian independent producers roll up their sleeves to put their offshore and onshore projects into motion.