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Montevideo, November 18th 2018 - 21:40 UTC

Stories for August 31st 2018

  • Friday, August 31st 2018 - 08:29 UTC

    Norway's Equinor plans to invest US$ 15bn in Brazil's oil, gas and renewables

    “Brazil is a perfect match for Equinor with our operational, technical competence built over decades on the Norwegian continental shelf,” said Anders Opedal

    Norway's Equinor will invest up to US$ 15 billion in Brazil over the next 12 years to develop oil, gas and renewable energy sources, the company said. Coinciding with an expected drop in output from many aging oilfields off the cost of Norway, Brazil is expected to become a core region for Equinor as the firm takes advantage of the country’s opening in recent years to more foreign investment.

  • Friday, August 31st 2018 - 08:22 UTC

    BP, Shell, Total to bid in Brazil's pre-salt auction

    Brazil is offering four blocks in this auction—Saturno, Titã, Pau-Brasil, and Sudoeste de Tartaruga Verde—in the Campos and Santos basins

    Brazil’s oil regulator ANP has approved the applications of six companies—including Big Oil’s BP, Shell, and Total—to bid in next month’s oil auction of four blocks in the coveted pre-salt layer, ANP announced on Wednesday.

  • Friday, August 31st 2018 - 08:06 UTC

    Bargain shopping for oil companies in Buenos Aires stock market

    The Argentine stock market witnessed another strong increase with the Merval index up 5.3% reaching 26.754,85 points , boosted mainly by the oil industry stocks

    While the foreign exchange market in Argentina experienced a chaotic Thursday with no ceiling for the US dollar as locals dumped their Argentine pesos, the Argentine stock market witnessed another strong increase with the Merval index up 5.3% reaching 26.754,85 points, boosted mainly by the oil industry stocks.

  • Friday, August 31st 2018 - 07:43 UTC

    Argentine peso plummets and central bank raises interest rate to 60%

    As the US dollar on Thursday trading rapidly climbed from Wednesday's 34 Pesos to over 36 Pesos, the Central bank raised its benchmark interest rate to 60%

    The Argentine Peso plummeted 15.6% to a new record on Thursday, and ended trading at 39.87 after having reached almost 42 Pesos to the US dollar in mid afternoon. This follows on the Wednesday which also witnessed the Argentine currency slide 7% to the greenback.

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