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Galp says Brazil oil rounds getting expensive, will be cautious

LISBON: Portugal’s Galp Energia , whose cherry-picking in Brazilian oil licensing auctions since the mid-2000s has left it with one of the most enviable portfolios of stakes in offshore oil fields there, says new licences are getting too pricey. Galp will have to be …Read more





Galp says Brazil oil rounds getting expensive will be cautious

LISBON July 29 Reuters – Portugals Galp Energia whose cherry-picking in Brazilian oil licensing auctions since the mid-2000s has left it with one of the most enviable portfolios of stakes in offshore oil fields there says new licences are getting
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Getting Past The Headlines For Gold And Energy

However I would be increasingly nimble and cautious going will tell if we get there Interestingly this may mean that the refineries will have to adjust for more light oil
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The Next Big Trend In Offshore Oil Gas

The oil market downturn in 2014 hit offshore drilling hard Developing an oil field offshore is a huge complex expensive Brazil remains the global leader in deepwater production Mexico also sees rapid growth as a result of successful bidding
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The risks and rewards of investing in Latin America

The Mexican peso and the Mexican stock market have been very weak following the election of Donald Trump says Smith However he continues Round seven of talks is ongoing in Mexico City and the tone of comments is getting increasingly constructive
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When It Comes to Rates What Are Central Banks Going to Do Next

What Our Economists Say Inflation has plunged on oil costs posing a risk to pay settlements up inflation that requires higher borrowing costs If the government can get a deal signed in time the market outlook could quickly be rewritten
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Energy Industry Readies For Mexico Push After Reforms

But knowing that Mexico wants to emulate the success Colombia had several years ago and avoid some of the hurdles Brazil has faced Sole says round zero of bidding similar to that offered to Petroleos Mexicanos or Pemex the state-owned oil and
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