Giant Offshore Brazil Oil Discovery May Be Expensive for Exxon

/in /by

At the same time, I read that Chevron and Exxon are being saved by cheap oil and gas from the Permian. In a world where shale becomes the new normal and frontier resources are more expensive than shale, it is essentially impossible to beat. Give up OPEC, this game is over.

Giant Offshore Brazil Oil Discovery May Be Expensive for Exxon
Giant Offshore Brazil Oil Discovery May Be Expensive for Exxon

Exxon Mobil Corp. could take a pass on what it considers the world's top deepwater oil discovery when Brazil puts the giant Buzios field up for auction next week.
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