Barreirinhas, Brazil News

BP announced today that the Brazilian National Petroleum Agency has approved its farm-in to four deepwater exploration and production concessions operated by Petroleo Brasileiro S.A. in the Brazilian equatorial margin.

BP Plc, Europe's second-largest oil company by market value, will take a stake in two blocks off Brazil's northeastern coast as producers bet the area may hold similar reserves to those found in Western Africa.

Brazil Hospitality Group has signed an agreement for the acquisition of the hotel management company Grupo Solare, marking the beginning of BHG's operations in Maranhao, the second largest state in Brazil's Northeast region, with the management of 8 hotels with a total of 1,100 rooms.

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