Brazil Plans Shale Auction in October

摘要

Brazil's oil regulator said on Tuesday it plans to hold a special auction on Oct. 30 and Oct. 31 to sell rights to explore for natural gas in onshore shale deposits, a move that could help raise the supply of gas and cut its cost. The auction, which requires the approval of the country's national energy council, is the third oil and gas rights auction planned for this year. Brazil has not auctioned exploration and production rights since 2008.