SOUTH AMERICA

Shifting gears in global exploration spend

AT A time when most of the big oil companies are reining in on capital spending, thanks to significant shareholder pressure, Thailand's PTTEP's latest foray into South American deepwater is both a bold move and signals a shift in how future global oil and gas investments will be played out.

Shifting gears in global exploration spend

Last week, PTTEP became a rather curious entrant into Brazil's deepwater play after it struck a deal with Britain's BG Group to take a 25% stake in four deepwater blocks, covering about 3077sq.km in the...

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