Brazilian Auction Draws Oil Companies Back to Offshore Drilling

Supported by Business Day Brazilian Auction Draws Oil Companies Back to Offshore Drilling RIO DE JANEIRO — Exxon Mobil and other oil companies opened their wallets at an offshore oil auction in Brazil on Thursday in a sign that the industry was stepping back into the deepwater drilling business.
It was the third encouraging Brazilian offshore auction since September, and a vote of confidence for the country’s energy reform program at a time when oil companies have been reluctant to make ambitious offshore investments.
As oil prices plunged in recent years, global investment in offshore oil and gas operations collapsed to roughly $160 billion in 2017, from a high of $335 billion in 2014. Rystad Energy, a Norwegian energy consulting firm, projects that offshore investments will level off at $155 billion this year, and gradually pick up over the next five years.
But BP, Royal Dutch Shell and Germany’s Wintershall defied the global trend and were among the big winners at the Brazilian..

Women earn on average £223,000 less than men over a lifetime, study shows

Analysis shows females aged 22 to 29 earn on average £1,550 less each year than male colleagues in same age bracket
Women earn on average £223,000 less than men over the course of a lifetime, according to new research published ahead of next week’s deadline for businesses across the country to divulge their gender pay gaps.
The analysis, compiled by the Young Women’s Trust, a charity that supports young women on low or no pay, is based on data from the Office for National Statistics and shows that a gender income gap exists as soon as women start working.
The trust found that women aged between 22 to 29 earn on average £1,550 less each year than their male colleagues in the same age bracket. The lifetime difference, the charity points out, is enough to buy a house outright in many parts of the UK.
Read more Ikea reveals lower gender pay gap than many rival retailers “Discrimination and unequal caring arrangements still prevent women progressing at work and reaching higher salary..