Current XOM Stock Info

Brazil’s 15th Bidding Round raised over USD$2.4 billion – this sets a new record for Brazil’s auctions. According to the Brazilian National Petroleum Agency, the 15th round will generate investments of USD$361.6 million in the first/exploration phase of the concession contracts alone.

Brazil said that 22 offshore blocks were acquired out of the 47 offered. However, there were no offers for the onshore blocks in the round. In total, 13 companies, from 11 countries, participated in the offshore stage. Of these, 12 acquired blocks (two domestic...

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