Edition:
India

Marta Nogueira

Swiss prosecutors search Vitol, Trafigura offices amid sweeping graft probe

22 Nov 2019

RIO DE JANEIRO Swiss investigators have executed search warrants at addresses linked to Vitol and Trafigura, their counterparts in Brazil said on Thursday, as a sprawling probe into the global commodity trading industry intensifies.

UPDATE 2-Swiss prosecutors search Vitol, Trafigura offices amid sweeping graft probe

22 Nov 2019

RIO DE JANEIRO, Nov 21 Swiss investigators have executed search warrants at addresses linked to Vitol and Trafigura, their counterparts in Brazil said on Thursday, as a sprawling probe into the global commodity trading industry intensifies.

Exclusive: Failed Exxon talks left Petrobras stranded for auctions - sources

10 Nov 2019

RIO DE JANEIRO/LONDON As the weeks ticked down to Brazil's biggest-ever oil auction, state-run Petrobras held increasingly frantic talks to find potential partners, with the heaviest blow coming when major Exxon Mobil Corp pulled out days before, according to six people familiar with the matter.

Big oil stuns Brazil in back-to-back auction flops

08 Nov 2019

RIO DE JANEIRO Major global oil firms snubbed a second Brazilian oil auction in a row on Thursday, passing up offshore blocks and forcing officials to reconsider a bidding system that gives a privileged position to state-run Petroleo Brasileiro SA .

CORRECTED-UPDATE 3-Big oil stuns Brazil in back-to-back auction flops

08 Nov 2019

RIO DE JANEIRO, Nov 7 Major global oil firms snubbed a second Brazilian oil auction in a row on Thursday, passing up offshore blocks and forcing officials to reconsider a bidding system that gives a privileged position to state-run Petroleo Brasileiro SA.

Biggest Brazil oil auction disappoints as only Petrobras and Chinese firms bid

07 Nov 2019

RIO DE JANEIRO Brazil's biggest-ever oil auction frustrated expectations on Wednesday, as high prices and the dominant role of state-run oil company Petrobras scared off global oil majors.

Moment of truth arrives for huge Brazilian oil auction

06 Nov 2019

RIO DE JANEIRO, Nov 6 Executives from many of the world's biggest oil companies gathered in Rio de Janeiro on Wednesday to compete in Brazil's long-awaited transfer-of-rights (TOR) oil bidding round, the largest offer of crude and gas reserves in the nation's history.

Bidding field narrows as huge Brazil oil auction approaches

05 Nov 2019

RIO DE JANEIRO As Brazil approaches the biggest oil auction in its history — and one of the world's most expensive ever — the field of deep-pocketed bidders has narrowed to less than a dozen oil majors.

As Brazil's oil industry grows, environmentalists raise red flags

31 Oct 2019

RIO DE JANEIRO As executives gather in Rio de Janeiro ahead of a blockbuster offshore oil auction, a mysterious crude spill is raising questions about whether Brazil's oil industry is growing faster than the government's ability to police it.

As oil majors eye Brazil's deepwater, smaller firms seize opportunity

31 Oct 2019

RIO DE JANEIRO As global oil firms make ever-bigger bets on Brazil's massive deepwater fields in its 'subsalt' area, a swarm of small and mid-sized companies has sprung up to specialize in lower-profile fields that still produce over a third of the country's crude.

World News