Why Are Brazil and China Teaming Up?

Why Are Brazil and China Teaming Up?

This segment is from Tuesday's edition of "Digging for Value", in which sector analysts Joel South and Taylor Muckerman discuss energy & materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays & Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.

Brazil has finally opened the turnstiles to its Libra field off its southern coast. While the auction didn't attract as many big fish as the country might have hoped, positive news from the development side of things could draw more attention as more of the overall Santos basin is opened up. This particular auction, however, was an international affair. For their efforts, Royal Dutch Shell and Total SA will each receive a 20% stake, with CNOOC Ltd and the China National Petroleum Company each garnering 10%. Moving forward, all eyes will be on how these companies interact with Petrobras (NYSE: PBR) and the extent of the Brazilian government's meddling. For more on the potential within the Libra field for these companies, tune in below.

These companies aren't the only ones preparing for the future of $100 oil

Think the days of $100 oil are gone? Think again. In fact, the market is heading in that direction now. But for investors that are positioned to profit from the return of $100 oil, it can't come soon enough. To help investors get rich off of rising oil prices, our top analysts prepared a free report that reveals three stocks that are bound to soar as oil prices climb higher. To discover the identities of these stocks instantly, access your free report by clicking here now.

The article Why Are Brazil and China Teaming Up? originally appeared on Fool.com.

Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends Petroleo Brasileiro S.A. (ADR) and Total SA. (ADR). Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Originally published