Shell wins Brazilian oil bidding

A group of firms including Shell, Brazil’s Petrobras, Total, and China’s CNPC and CNOOC yesterday won a 35-year production contract to develop the Libra discovery off Brazil. But the bidding round was marred by protests as around 300 protesters clashed with security forces. Some of those opposed to the deal include oil workers who have been on strike since last week. Unions are against the bids on the grounds that the government is selling off Brazil’s assets.