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Brazil looks to solve its energy security travails
Despite significant crude projections over the next five years, Latin America’s largest economy could be forced to start importing unless action is taken
Brazil awaits contentious Equatorial Margin call
Political rancour is rising as politicians appeal for environmental licence to explore the mouth of the Amazon
Brazil seeks greater oil market influence
Despite environmental criticism, President Lula sees opportunity to build bridges with OPEC+ allies
Brazilian upstream enjoys bumper year
Soaring pre-salt production sees Latin America’s largest country pull away from the local competition
Rise of Brics challenges oil world order
The five economies are shaking up global markets, and they could be on the cusp of a major break from the existing order
Petrobras faces another period of uncertainty
Investors are wary about government intervention as the NOC welcomes its latest CEO
Brazilian indies enter rapid production growth phase
M&A activity may have slowed in recent months, but turbocharging production is the new goal for the country’s emerging independents
Petrobras in the crosshairs as election run-off looms
Ballot box verdict could prove existential for the NOC, amid controversial calls from the incumbent to break apart the Brazilian energy giant
Letter from South America: Elections could impact Petrobras policy
The upcoming election pits the right-wing incumbent against a left-wing former president
Brazilian upstream reaps divestment dividend
Petrobras is starting to see significant production gains in the pre-salt, while independents are already raising output at fields divested by the NOC
Brazil
Charles Waine
11 October 2019
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Brazil sets licensing round record

South American nation collects over $2bn in signing bonuses from opening oil auction

Brazil successfully awarded 12 blocks in the 16th Bidding Round, the first of three major oil auctions to be held in the country before the end of November—combined the rounds promise to generate a minimum of R$117bn ($28.4bn) in signature bonuses for the government. The prolific pre-salt region dominated the auction. In the Campos basin, a total of 10 blocks were awarded, out of a possible 13, to 11 international oil companies. Chevron was the most successful bidder in the basin, winning a share of four blocks. The US major became operator of block C-M-845, with a 40pc stake, in consortium with Spain’s Repsol (40pc) and Germany’s Wintershall Dea (20pc). Other acreage for the firm included a

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