Brazilian Oil assets sold for $3.5bn
Sinopec buys stake in Brazilian deep sea oil blocks.
Sinopec buys stake in Brazilian deep sea oil blocks.
The proposed sale of Pan American Energy to Bridas falls through and BP looks no further.
Cosan extends its rights for Mobil brand sales in Latin America
OPEC has reduced its demand forecasts for the rest of 2011 and 2012 as global economy weakens.
CNOOC's purchase of Pan American Energy may fold for political reasons.
Belarus is extending its activities in Venezuelan exploration
BP is to take complete ownership of joint venture ethanol operation Tropical BioEnergia.
China is set to secure Venezuelan crude imports to secure its oil futures.
China is increasing its global oil presence with new investments in the Middle East, Africa and South America
Venezuela has dismissed recent US oil sanctions by claiming other markets may be more important.