Oil firms showed little appetite for acreage offered in Brazil’s 13th licensing round on 7 October, highlighting the impact of lower oil prices, regulatory inertia, and the country’s deep economic and political troubles. On the same day as the licensing round, Brazilian court of auditors TCU rejected President Dilma Rousseff’s 2014 fiscal accounts, after determining that her government manipulated the figures to conceal Brazil’s financial health before last year’s presidential election. The decision could become the legal basis for an impeachment process that the opposition has been demanding for months (WPA, 24 July, p1).
展开▼
