News Snapshot:
SAO PAULO : Brazilian state-run oil company Petrobras said on Monday that Chinese energy group CNODC Brasil Petróleo e Gás Ltda did not express an interest in buying an additional 5per cent stake in production rights in the Buzios oilfield. The move comes after CNOOC Petroleum Brasil Ltda (CNOOC), another Chinese oil firm, decided to exercise its option to buy a 5per cent stake in the venture for US$2.1 billion. Buzios, which is located in the Santos Basin pre-salt area, is the largest deepwater oilfield in the world. Given both CNOOC and CNODC decisions, Petrobras said it will hold an...
