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SOUTH AMERICA

Oil price to save Echidna

MACQUARIE Wealth Management believes Karoon Gas’ Echidna prospect in Brazil might be saved by a stabilising oil price, even as the new block fails to impress investors.

Helen Clark
Macquarie says Karoon should do well in Brazil with rising oil prices.

Macquarie says Karoon should do well in Brazil with rising oil prices.

Karoon was awarded the 171.1sq.km Block SM-1537 by the National Agency of Petroleum (ANP), part of the latest round of bidding in Brazil that saw 32 companies competing for assets on the country's southern...

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