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Oil majors to vie for Brazil offshore stakes despite legal setbacks

Oil majors will gather in Rio de Janeiro today to vie for stakes in offshore blocks near Brazil’s coveted pre-salt oil play, even after a court tossed the top two areas out of the running. Twenty companies including Chevron, BP, Exxon Mobil, Royal Dutch Shell, Statoil, and Total have registered to bid in a concession-style […]
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