Brazil’s oil tender yields $17B, falls short of hopes

The Brazilian government awarded two of the four blocks on offer in its priciest oil auction since 2010.

RIO DE JANEIRO – The Brazilian government awarded two of the four blocks on offer in its priciest oil auction since 2010 on Wednesday, securing about $17 billion dollars. The highly anticipated tender had captured the attention of some of the world’s biggest oil firms, including the United States’ ExxonMobil and other companies from China, Malaysia, or Norway.