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By William Jones, Contributing Reporter RIO DE JANEIRO, BRAZIL - Some of the world's biggest oil companies have snubbed Brazil's much-vaunted auction of offshore pre-salt oil blocks as the National Petroleum Agency (ANP) tried to remain positive despite receiving only a fraction...
By Amy Skalmusky, Contributing Reporter RIO DE JANEIRO, BRAZIL - With the recent Libra oil field discovery promising reserves of up to fifteen billion barrels of oil and Sinochem and BP coughing up billions for space in the Campos Basin,...
By Juliana Tafur, Contributing Reporter RIO DE JANEIRO – Foreign companies and investors have flocked to Brazil since the extent of the pre-salt oil fields became known in 2006. Companies like Exxon Mobil, Shell and Repsol hurried in and acquired...
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