Brazil oil auctions? Take it with a grain of pre-salt
Brazil’s government came out with the long-awaited announcement on Tuesday that it would auction another round of oil exploration rights next year. Most importantly, there will be two auctions, energy...
View ArticleBrazil oil auctions: they are really, really happening (really)
After five years of legal battles, rumours and empty promises it’s finally happening: Brazil is auctioning off its oil blocks. The country’s energy minister, Edison Lobão, told reporters on Thursday...
View ArticleBrazilian oil: still drawing punters
Brazil’s oil industry has not been the source of much good news recently but this week might just go down as one of its best yet. On Monday, the country’s state-run giant Petrobras managed to raise...
View ArticleBrazil: the oil auction that never was
Going, going, gone! After months of hype, excitement, protests, and lawsuits, Brazil finally auctioned off its biggest ever oil discovery on Monday – the Libra field. ‘Auction’, however, is perhaps a...
View ArticleEM oil producers risk ratings downgrade on low crude price
Bahrain, Angola, Ecuador and Venezuela rank as the emerging markets (EM) most vulnerable to a downgrade in their sovereign credit ratings if oil prices do not recover in 2015, Fitch Ratings said in a...
View ArticleAnd the new CEO of Petrobras will be…
Petrobras’s board is set to meet on Friday to appoint replacements for chief executive Maria das Graças Foster and five other senior executives who quit the state-controlled oil company on Wednesday...
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