Corporate week in brief: Majors go big in Brazil pre-salt licensing
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Report summary
Lead stories: Majors go big in Brazil's latest pre-salt licensing rounds. Macro: Brent breaks $60/bbl; market reacts to reporting season. Companies: Mixed Q3 results – earnings patchy but operational performance strong; investors agitate for share-buybacks; capital continues to flow into the Vaca Muerta. M&A: Hess exits Norway and Equatorial Guinea for US$2.65 billion. Exploration: Tullow's Suriname wildcat disappoints.
Table of contents
- Macro: Brent breaks $60/bbl; market reacts to Q3 results
- Lead story: Brazil pre-salt licensing
- Companies: Q3 results round-up
- Exploration: Tullow
- M&A: Hess, Kosmos, Trident Energy
Tables and charts
This report includes 3 images and tables including:
- Brazil licensing table
- Cash and debt positions amongst our Independent coverage
- Data dashboard
What's included
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