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Brazil has auctioned off several land and offshore potential oil sites near the Amazon River, aiming to expand production in untapped regions despite protests from environmental and Indigenous groups ...

Amazon clearance store: Minimum 50% off on home decor and furniture; Time to give your home a makeover! By Shweta Pandey Jun 13, 2025 06:00 PM IST Read this news in brief form ...

This is a record for auctions of this kind. An agency representative said the highest premium was for a block located near the mouth of the Amazon River. It drew a nearly 3,000-percent markup.

An Indigenous man protests against the auction of dozens of oil blocks, including blocks near the mouth of the Amazon River, in Rio de Janeiro, Tuesday, June 17, 2025.

Brazil´s oil agency noted that the signing bonuses — one-time payments made by the winning companies — totaled USD 180 million, a record for auctions of this kind. An agency representative ...

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Brazil auctioned off several land and offshore potential oil sites near the Amazon River on Tuesday as it aims to expand production in untapped regions despite protests from environmental and ...

An Indigenous man protests against the auction of dozens of oil blocks, including blocks near the mouth of the Amazon River, in Rio de Janeiro, Tuesday, June 17, 2025. (AP Photo/Silvia Izquierdo) ...