President Obama and Brazilian President Dilma Rousseff are hoping to boost cooperation between their nations on energy matters ranging from oil and gas development to renewable power.Bottom of Form
The talks come after discovery of an enormous offshore field in territorial waters, the biggest oil discovery in the Western Hemisphere in 30 years.
Following a bilateral meeting between the two leaders in Washington, the two zeroed in on oil and natural gas and biofuels as areas on which they saw promise for additional cooperation. The two nations both engage in deepwater drilling and are far and away the world’s largest producers of ethanol, which is increasingly being used in transportation fuel.
“Brazil has been an extraordinary leader in biofuels, and obviously is also becoming a world player when it comes to oil and gas development,” Obama said, according to an event transcript. “And the United States is not only a potential large customer to Brazil, but we think that we can cooperate closely on a whole range of energy projects together.”
The leaders said they want to build on work done as part of the Strategic Energy Dialogue between the two nations on fostering cooperation on oil, natural gas, biofuels, renewables and efficiency.
The dialogue seeks “to support the two countries’ common goals of developing safe, secure and affordable supplies of energy for economic growth, energy security, and the transition to a clean energy economy,” the White House said in a statement.
Cooperation on biofuels has included bilateral and multilateral efforts to boost research and development, as well as harmonize standards and boost deployment of biofuels in aviation, according to the White House.
U.S. ethanol exports in 2011 reached a record high and helped to partially offset a drop-off in Brazilian production brought on by a poor harvest of sugarcane, according to the Energy Information Administration. Most U.S. ethanol comes from corn.
The two nations have been sharing information and sought to collaborate on a range of issues concerning offshore drilling, including safety and oil-spill response, according to the White House.
Working together through the sharing of information and best practices is the only way that the world will be able to meet its burgeoning energy demands. Geophysics ensures that these processes happen safely, effectively and with the environment in mind.
The Geophysics Rocks Technology page provides a wealth of information on what our industry is doing to keep the above at the forefront of this new frontier.