Oil & Gas

Europe savors taste of Brazilian oil with more blocks opening


Norway’s Statoil ASA, the U.K.’s Royal Dutch Shell Plc and France’s Total SA have paid billions since 2013 to gain access to Brazil’s fertile offshore oil riches. They’re now seen as having the best chance to expand when Brazil later this year auctions four more blocks in the prolific play known as the pre-salt along the country’s east coast.


Opinion: UK moves to exploit EU shock tax system won’t help Brexit


When the European Commission last month demanded Apple pay up to 13 billion euros in back taxes to the Irish government, it gave the Brexit-battered UK government an opening. Number 10 and the Treasury were quick to stress Britain was “open for business” and they welcomed “any company wishing to invest in Britain and Britain’s workforce.”