Eleven companies register for Brazil’s oil auction

Brazil’s National Petroleum Agency (ANP) has announced that 11 oil companies have registered for the auction of the Libra oil field – one of the world’s largest offshore oil discoveries – although some of the world’s biggest firms have backed out according to reports. The list of companies which stumped up the 2 million Brazilian […]

Brazil to offer ‘30% of Libra oil field profits’

Brazil could offer as much as a 30% take to firms for developing its largest oil field, reports claim. The news follows the nation’s announcement last month to auction the rights to explore and develop blocks in the Libra field, with the first bidding round expected to start in October. According to reports, Brazil’s national […]