Tag: oil fields

• Thursday, November 7th 2019 - 09:43 UTC

  Brazil's oil fields auction falls well short of expectations: US$ 17bn instead of US$ 26bn targeted

  

  Brazil's auction of drilling rights to four deep-sea oil fields raised a disappointing US$17 billion on Wednesday, officials said, well short of expectations for the highly-anticipated mega sale.

• Friday, December 7th 2018 - 06:41 UTC

  Mexican president wants more investment from oil companies before awarding new contracts

  

  Mexico’s new president says he will take a three-year break from awarding new oil exploration contracts in order to judge the results of contracts already awarded.

• Friday, January 19th 2018 - 09:13 UTC

  China poured US$ 21bn into Brazil in 2017 taking advantage of recession asset prices

  

  China invested US$20.9 billion in Brazil in 2017, the most since 2010 as a recession helped push down asset prices and attracted investors, according to Brazil’s planning ministry.The energy, logistics and agriculture sectors drew the most Chinese capital, including investments in Brazil’s rich pre-salt oil fields and China’s State Power Investment Corp US$2.25 billion deal to operate the São Simão hydropower plant.