Success for Brazilian auction - The auction launched in Brazil for oil blocks - the first in five years - has brought in $1.4 billion. This is a sum that is above expectations, stated Brazil's National Agency of Petroleum (ANP). Bidding was closed on 14 May with 142 of the 289 blocks proposed being sold. The other blocks did not find any buyers. The blocks proposed - including 166 at sea, 94 in shallow waters, 72 in deep waters and 123 on land - total a surface area of 155,800 km2 in 11...