The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
(Adds statement from Argentine government)
April 16 (Reuters) - U.S. oil major Exxon Mobil Corp said on Tuesday its unit and an affiliate of Qatar Petroleum had won three exploration blocks offshore Argentina.
The three blocks will add about 2.6 million net acres to Exxon's existing holdings in Argentina, the company said. The blocks are located in the Malvinas basin, about 200 miles (320 kms) offshore Tierra del Fuego.
Exxon's existing Argentina holdings include 315,000 net acres spread over seven blocks in the onshore Neuquén Basin of the Vaca Muerta unconventional oilfield and a business support center in Buenos Aires.
ExxonMobil will have a 70 percent stake, while Qatar Petroleum's affiliate will hold the rest.
The Argentine government issued a statement on Tuesday saying it received offers for the exploration of three offshore oil and gas basins from 13 companies for a total of $995 million. The country's energy secretariat was expected to confirm which companies were awarded which areas next month.
Qatar Petroleum signed an agreement with Exxon Mobil in June to buy a 30 percent stake in two of Exxon's affiliates in Argentina, giving Qatar's state-owned entity access to oil and gas shale assets in the Latin American country.
Exxon has been investing heavily in its U.S. shale operations and in Guyana. Its development in Argentina has been slow due to several reasons, including the geographic remoteness of the country from U.S. shale operations as well as government controls on natural gas prices.
The U.S. oil company also invested in Brazil's prolific offshore oilfields throughout 2018, clinching numerous blocks in partnership with other companies. Exxon and Qatar Petroleum International landed Brazil's Tita area, locking in key real estate in the prized Santos basin.
The two companies have also partnered on three of Exxon's offshore exploration blocks in Mozambique's Angoche and Zambezi basins. (Reporting by Shanti S Nair in Bengaluru, additional reporting by Eliana Raszewski in Buenos Aires; Editing by James Emmanuel and Dan Grebler)