Hyundai Heavy Industries Applies for IPO Approval

South Korean shipbuilder Hyundai Heavy Industries Co Ltd applied for preliminary approval for an initial public offering, Korea Exchange said on Thursday. The company, currently wholly owned by Korea Shipbuilding & Offshore Engineering, was separated from Korea Shipbuilding in 2019. Hyundai Heavy reported a 2020 operating profit of 32.5 billion won on revenue of 8.3 trillion, Korea... Continue Reading →

GeoPark Reports First Quarter 2021 Results

(BUSINESS WIRE)--GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Ecuador, Chile, Brazil and Argentina reports its consolidated financial results for the three-month period (“First Quarter” or “1Q2021”). A conference call to discuss 1Q2021 financial results will... Continue Reading →

Long-term Contract: Axess to Inspect Altera’s FPSOs (ex Teekay Offshore)

Norway-based Axess Group has signed an offshore support services contract with FPSO operator Altera Infrastructure. Axess said this week that the long-term global contract would see Axess provide offshore support services to FPSO assets located on the Norwegian Continental Shelf and the Brazilian Continental Shelf, as well as other assets in the future. Axxes Group did not share details on the financial side of the deal nor... Continue Reading →

Report: Noble Corp. Bids for Seadrill’s Assets

( OE) Offshore drilling contractor Noble Corp. has reportedly submitted a bid to acquire some assets of rival Seadrill.  This is according to Reorg, a website providing credit intelligence, data, and analytics for hedge funds, asset managers, investment banks, law firms, and financial advisors. In a brief article (paywall) published Wednesday, Reorg, citing unnamed sources, said that... Continue Reading →

IPO of PetroRecôncavo.

(epbr) The Company raised R$ 1.1 billion on the stock exchange with a share price of R$ 14.75. The value was defined below the initial indicative price range, from R$ 15.50 to R$ 19.50. Negotiations at B3 begin on Wednesday (5). - The objective is the acquisition of upstream mature assets. About 66% of the... Continue Reading →

Petrobras on Shareholders Meeting

Petróleo Brasileiro S.A. – Petrobras following up on the release disclosed on April 29, 2021, in relation to the request to call an Extraordinary General Meeting to reconstitute the Board of Directors, in view of the resignation of Mr. Marcelo Gasparino da Silva announced on April 16, 2021, informs that the company's Board of Directors, by... Continue Reading →

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