US EditionBrazil’s Oil Gamble: Major Auction Draws Global Investors, Stirs Local Debate
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8 Articles
Brazil’s Oil Gamble: Major Auction Draws Global Investors, Stirs Local Debate
Brazil’s government just held a big auction for oil and gas exploration. The event, run by Brazil’s National Petroleum Agency, offered 172 areas where companies can search for oil and gas. Major international companies like Petrobras, ExxonMobil, Chevron, and China’s CNPC won the rights to explore 19 blocks in the Foz do Amazonas basin, which […]
The president of the Brazilian state Petrobras, Magda Chambriard, said that the strong participation of foreign companies in the auction of oil areas near the mouth of the Amazon demonstrates the "confidence in the Brazilian State." "Licensing areas in that region proves the institutional solidity of Brazil," added Chambriard in a meeting with journalists. After almost a decade without attracting investors to that area, considered environmentall…
Four companies won 19 oil exploration blocks in the Foz do Amazonas Basin during an auction held on Tuesday (June 17, 2025), two of which are foreign. The consortiums formed by ExxonMobil/Petrobras (USA and Brazil) and Chevron/CNPC (USA and China) acquired areas that represent 55% of the blocks auctioned in the 5th Cycle of the Permanent Concession Offer. The consortium between the North American company ExxonMobil and Petrobras acquired 10 bloc…
US and Chinese oil companies pay top dollar in ‘doomsday’ oil auction
ExxonMobil, Chevron and CNPC helped Brazil bring in record revenue in auction for oil blocks in environmentally risky areas along the northern coast The post US and Chinese oil companies pay top dollar in ‘doomsday’ oil auction appeared first on Macao News.
Petrobras, partners acquire 10 blocks in the Foz do Amazonas Basin - Drilling Contractor
Petrobras acquired 10 blocks in the Foz do Amazonas Basin and three blocks in the Pelotas Basin in the 5th Permanent Concession Offer Cycle of the National Agency of Petroleum, Natural Gas and Biofuels (ANP). In the Foz do Amazonas Basin, Petrobras acquired blocks FZA-M-1040, FZA-M-1042, FZA-M-188, FZA-M-190, FZA-M-403, FZA-M-477, FZA-M-547, FZA-M-549, FZA-M-619 and FZA-M-621, … The post Petrobras, partners acquire 10 blocks in the Foz do Amazon…
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