Post Profile






Brazil Opens Offshore Oil Market to Foreign Investors

Earlier this month on October 5th, Brazil’s congress approved the key points of a polarizing bill, which would allow foreign investment in the nations offshore oil fields. The bill overturns parts of a 2010 bill which was aimed at increasing government control over the lucrative oil fields. This law mandated that the state-run oil company, Petrobras, be the lead operator and hold a minimum of a 30% stake in any offshore drilling operations in so-called “pre-salt” fields.
read more

share

Related Posts


Mexico Bets On Investor Appetite For $44b Deepwater Oil And Gas Drilling Round

Business & Finance : Forbes: Business

The government of Mexico is aiming to raise at least $44 billion in foreign direct investment via its inaugural sale of deepwater oil and gas exploration rights open to overseas bidders, despite the current turmoil in the oil market...

BP approves investment in Egypt gas field 15 months after discovery

Business & Finance : Business Insider: Clusterstock

LONDON (Reuters) - British oil major BP has approved investment in the first phase of developing the large Atoll gas field offshore Egypt, only 15 months after it first announced its discovery. BP, which declined to give an investme...

Saudi Arabia Opens Stock Market To Foreign Investment Amid Low Oil Prices, Yemen War

Business & Finance : Zero Hedge

Saudi Arabia officially opened its stock market to foreign investment on Monday, in what’s being billed as a potential game changer for emerging markets investors. The country’s Capital Markets Authority finalized the rules for dire...

Brazil Opens Offshore Oil Fields to Companies Other Than Petrobras

Vehicles / Watercraft : gCaptain

By Sabrina Valle and Samy Adghirni (Bloomberg) — Brazil’s Congress voted on Wednesday night to open up its pre-salt oil fields to foreign investors by scrapping Petroleo Brasileiro SA’s obligation to be the area’s sole operator. The...

As Iran Oil Tenders Near, Investors Still in the Dark on Terms

Vehicles / Watercraft : MarineLink.com

Two years after Iran pledged to open up its oil industry in anticipation of the lifting of sanctions, foreign companies say they still have little information about Iranian oil fields and contract terms, hindering investment decisio...

Comments


Copyright © 2016 Regator, LLC