Brazil presalt oil cargo receives no bids

[Rodent + 1,424]

No takers for this preaalt oil now that they can't wheel and deal on prices. The implications for not finding a buyer are significant. 

https://www.reuters.com/article/brazil-oil-auction/brazil-receives-no-bids-for-contracts-for-pre-salt-oil-cargo-idUSL2N1T1263?rpc=401&

[Tom Kirkman + 8,860]

Related, this morning I was having a conversation on LinkedIn with James, a Brazilian subsea O&G engineer about Petrobras issues.  James raises some local issues that likely contributed to the current lack of interest in Petrobras offering of presalt tender:

https://www.linkedin.com/feed/update/urn:li:activity:6407372953515855872?commentUrn=urn%3Ali%3Acomment%3A(activity%3A6407372953515855872%2C6407594087150546944)

(continued)

https://www.linkedin.com/feed/update/urn:li:activity:6407372953515855872?commentUrn=urn%3Ali%3Acomment%3A(activity%3A6407372953515855872%2C6407595105905045504)