announce oil discovery in the Solimões Basin, the first oil extraction by a private company in the Amazon rainforest. "We will soon announce findings in Amazon Rainforest," Marcio Mello affirmed.

If you liked this story, share it with other people. Oil extraction in the Amazon rainforest has been linked to severe environmental degradation — including deforestation and pollution — which ...

Brazil sold extraction rights to 19 oil and gas blocks near the mouth of the Amazon river Tuesday, at an auction slammed by ...

May 22 (Reuters) - Brazilian President Luiz Inacio Lula da Silva on Monday said he finds it "difficult" to believe that oil exploration in the Amazon basin would cause environmental damage to the ...