Brazil confirms successful bids for oil exploration rights

A handful of the world’s largest oil firms have won the rights to explore the biggest oil field in Brazil. The group made up of Anglo-Dutch oil firm Shell, Brazil’s state-run Petrobras, France’s Total and China’s CNOOC and CNPC made the only bid in the auction at the Rio de Janeiro hotel. The hotel was […]

Brazil to auction rights to ‘largest’ oil find

Brazil plans to auction an offshore oil discovery, believed to be its largest ever, later this year. Rights to explore and develop blocks in the Libra field, which is expected to produce around 12 billion barrels of recoverable oil over 35 years, will be on offer in the first bidding round in October. Brazil’s national […]