MercoPress, en Español

Montevideo, December 17th 2018 - 00:21 UTC

Tag: Exxon

  • Friday, September 28th 2018 - 08:47 UTC

    Oil majors to bid for Brazil's offshore potential despite electoral uncertainty

    The auction for four blocks in the Santos and Campos basins comes just a week before presidential polls featuring some candidates seeking to slow oil auctions

    Oil majors are set to gather in Rio de Janeiro this Friday to unveil bids for stakes in Brazil’s high potential offshore areas ahead of elections that are casting a cloud of uncertainty over the industry.

  • Monday, September 24th 2018 - 09:15 UTC

    Petrobras plans to increase output 10% next year to some 2.3 million bpd

    The world’s most indebted oil company is on course to reduce debt to US$ 69 billion by the end of this year, CEO Grisolia pointed out.

    Brazil’s state-run oil giant Petrobras aims to raise output as much as 10% to around 2.3 million barrels per day (bpd) in 2019 and cut net debt by US$10 billion, according to Chief Financial Officer Rafael Grisolia. The world’s most indebted oil company is on course to reduce debt to US$ 69 billion by the end of this year despite falling short of its US$ 21 billion asset sales target, Grisolia pointed out.

  • Tuesday, April 24th 2018 - 08:42 UTC

    Brazil poised for historic oil boom

    A range of analyst and oil company estimates put the breakeven price for pre-salt fields at less than US$ 40 per barrel compared to US$ 45 seven years ago.

    By Mathew Smith<br />
    <br />
    After being caught up in major corruption scandals and suffering from what some have claimed was its worst economic downturn in 100-years, Brazil has pulled itself back from the brink. The economy commenced growing again in 2017 with gross domestic product (GDP) expanding by 1 percent and 2018 GDP growth forecast by the International Monetary Fund (IMF) to be 2.3%.

  • Saturday, February 3rd 2018 - 10:53 UTC

    US markets suffer their steepest decline since June 2016. Dow Jones fell 2.5%

    The losses touched every sector, with the steepest declines in energy and technology stocks.

    The blue chip Dow Jones Industrial Average suffered its steepest decline since June 2016 on Friday, amid wider losses in United States markets. The fall came after a string of disappointing earnings reports from giants such as Apple.

  • Tuesday, January 9th 2018 - 10:08 UTC

    Sixth major oil find offshore Guyana at the Stabroek block

    The well was spud on 5 November 2017 by the Stena Caron drillship and drilled to 6450m depth in 2735m of water.

    For the sixth time Exxon and partners at the Stabroek block offshore Guyana are celebrating another major find in northern South American waters. In effect, Ranger-1 exploration well, the sixth find since discovering Liza in 2015, hit approximately 70m of high-quality, oil-bearing carbonate reservoirs some 60mi northwest of the Liza development.