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Brazil's First Oil Auction in Five Years Draws Record Bids

Brazil saw record bidding at its first oil auction in five years Tuesday as the growing promise of oil finds along the equator attracted huge interest in exploration blocks at the mouth of the Amazon River.

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Petrobras studying offer for Argentine unit

Argentine companies have made an offer to buy some of the assets that Brazil's Petrobras has put up for sale in Argentina as part of its divestment strategy abroad, the oil company's president, Maria das Gracas Foster, said on Tuesday.

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Karoon Gas Increases Size of Oil Discovery Offshore Brazil

Karoon Gas Australia Ltd. Friday raised the size estimate of its Bilby-1 oil discovery off the coast of Brazil, increasing the likelihood of a commercial development.

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Brazil Seeks to Expand Oil, Gas Investment with 11th Bidding Round

The director of Brazil's Agencia Nacional do Petroleo (ANP) reports significant interest from operators in Brazil's upcoming 11th bidding round as Brazil pursues its plans to double its oil and natural gas production. The bidding round is the first since December 2008 and the first under the nation's new hydrocarbon law.

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KADME Entering Brazilian Market with IesBrazil

Whereoil to be sold in Brazil through new partner IesBrazil.

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Shell spuds new probe on Guyane Maritime

Shell has spudded the third probe in a current four-well exploration campaign on the Guyane Maritime permit off French Guiana, according to partner Wessex Exploration.

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Karoon encounters oil at Santos basin discovery

A combine led by Karoon Gas Australia Ltd. has made an oil discovery at the Bilby-1 exploratory well in the Santos basin offshore Brazil.

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Chevron's Frade Output to Remain Limited Until Analysis

HOUSTON - Activity and production at the Frade field, operated by Chevron Corp., offshore Brazil will be limited until the company and regulators gain a complete understanding of the second of two subsea spills that took place there, Brazil's oil regulator said Monday.

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OGX Close to Sale Of Oil Field Stake to Petronas

SAO PAULO - Brazilian oil producer OGX Petroleo e Gas Participacoes could announce as soon as Tuesday the sale of a 40% stake in the Tubarao Martelo oil field for around $850 million to Malaysian state oil and gas firm Petroliam Nasional Bhd, according to a person familiar with the talks.

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Brazil gears up for new wave of offshore activity

Eleventh round of bidding scheduled for this month

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Brazil's Oil Boom Requires Skilled Professionals

For professionals with oil and gas experience looking to relocate to Brazil, (...) there are restrictions on foreign workers working in Brazil's oil and gas companies.

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Petrobras Sells Stake in Gulf of Mexico

Petrobras announced that it has signed a Sale and Purchase Agreement (SPA) for the sale of the 20 percent stake the company holds in exploratory blocks KC 49, 50, 92, 93, 94 and 138 in the U.S. Gulf of Mexico. These blocks make up the asset known as Gila, and the operator is British Petroleum (BP).

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Petrobras Will Be 'Selective, Focused' in Oil Concession Auction

RIO DE JANEIRO - Brazilian state-run energy giant Petroleo Brasileiro SA, or Petrobras, is in talks with the world's largest oil companies about forming partnerships to bid for new oil and natural-gas exploration concessions at a much-anticipated auction set for next month, Chief Executive Maria das Gracas Foster said in an interview.

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HRT advances Amazon exploration with new gas discovery

After almost two years of work in the heart of the Amazon Rainforest, geologists share the unprecedented experience of finding more than 60 prospects in record time by using new tools to tackle the region’s amazing challenges.

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Petronas Denies Signing Pact for Brazil Oil Rights

Malaysia's state-run oil and gas company Petroliam Nasional Bhd., or Petronas, hasn't signed any pact with Brazil's OGX Petroleo e Gas Participacoes SA or any other company to purchase rights in a Brazilian oil block, Petronas said in a statement Wednesday. 

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Unconventional Call

For the first time, the ANP plans to auction off non-conventional gas blocks, opening the market to this novel and challenging activity in Brazil

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HRT Retains Its “A” Rating

ANP considers company to be qualified to operate in deepwater blocks being offered in the 11th Round

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Biannual Pre-Salt Rounds

ANP director Magda Chambriard defends a minimum of two years between new frontier auctions.

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Record Number Qualified

A total of 64 companies to participate in the 11th round, surpassing the 61 cleared for the 9th Round

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Ikon Science visit ANP Brasil

Ikon Science were pleased to take an opportunity to present its plans in Brasil to the Director of ANP Magda Chambriard  and her senior staff in Rio de Janeiro 8th April 2013.

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Petrobras announces February oil and gas production

 Total volume produced by Petrobras in Brazil, plus the company's production overseas, averaged 2,557 thousand boed, which represents a 2.1% drop from the previous month.

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Canadian mining investments in Latin America

Growing global demand for various metals and minerals has sparked an unprecedented global mining rush. As part of this trend, Canadian companies have rapidly acquired hundreds of new properties in Latin America for exploration and extraction. 

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Brazil should sell 10 bln barrels of oil rights -regulator

November auction to be 1st under production-sharing rules. Oil could supply all U.S. needs for about 18 months.

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Brazil’s oil firm Petrobas to invest $237 bln for projects

Brazil’s state-run oil firm, Petrobas, is to invest $236.7 billion in the next five years, as most of the amount is spared for exploration and production works.

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Brazil oil giant to boost output

Brazilian state-controlled oil company Petrobras, which is striving to boost daily domestic crude and natural gas output to 3.4 million barrels of oil equivalent (boe) per day by 2017, said it plans to earmark 62 percent of its investments over the next five years to exploration and production.

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