Oil majors skip second auction in Brazil

Oil majors skip second auction in Brazil

M&A Energy Gas Economy & Policy Corporate & Sovereign Strategy Regulation Brazil China

Major oil companies again skipped Brazil's second oil auction in as many days on Thursday as the national petroleum agency ANP only awarded one of the five blocks on offer. Petrobras and China National Oil and Gas Exploration and Development Company (CNODC), a division of China National Petroleum Corporation (CNPC), took the Aram block on the Santos basin for the minimum bid of BRL5.05 billion ($1.23 billion), ANP said in a statement. ANP did not receive any offers for the other four blocks – Cr

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