ExxonMobil’s double strike offshore Guyana: Corporate week in brief
Lead stories: double strike pushes new Guyana oil province towards 2 billion boe. Macro: Brent volatile as traders look for clues of falling supply; oil and gas struggle to find direction. Companies: Petrobras headlines a bumper week for 2017 E&P budgets; PTTEP’s growth hit by investment cuts; the challenges facing Tullow’s new CEO; Premier’s new debt package will support an improving cash flow outlook; private equity backers to sell a 7.75% stake in Kosmos. M&A: off to a strong start in 2017 – Total consolidates in Uganda, Anadarko sells out of the Eagle Ford and activity continues in the Permian. Other: YFP boosted by Argentine gas price agreement.