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Oil majors to vie for Brazil offshore stakes despite legal setbacks

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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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