Brazil geologist seeks oil, ‘destiny’ in the Amazon

Thirty years after he first visited Brazil’s Amazon to observe natural gas seeps, geologist Marcio Mello is back to fulfill what he gleefully calls his “destiny” — to lead a rush for the region’s oil. Mello, chief executive of the recently listed firm HRT (HRTP3.SA: Cotización), has convinced a range of investors — including one of Russia’s top energy firms — that the vast and remote rain forest is a promising source for oil despite decades of production there and enormous environmental challenges. Read Article