GeoPark Announces Successful Indico Field Drilling in CPO-5 Block in Colombia With Initial Flow Rate of 5,500 BOPD of 35.2° API

(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 today announced the successful testing of the Indico 2 appraisal well in the CPO-5 block (GeoPark non-operated, 30% WI1) in Colombia. The... Continue Reading →

November 13, 2020 0

TechnipFMC delivers its largest wet Christmas tree ever made

TechnipFMC handed over the unit to Shell. Another six similar ones will be delivered to the Anglo-Dutch company by January 2022, and, like the first, will be manufactured at Rio Manufacturing Hub, in Rio de Janeiro (RJ). How the equipment will be used in the Appomattox field, located in deep waters in the Gulf of... Continue Reading →

November 13, 2020 0

UK Fraud Office Secures Assets Linked to Brazilian Bribery Scandal

The UK Serious Fraud Office (SFO) said on Thursday it had secured just under 1.2 million pounds ($1.6 million) from a Brazilian national implicated in Brazil's "Operation Car Wash", the country's biggest bribery investigation that began in 2014. The SFO said it opened a civil recovery investigation into Julio Faerman in 2015 after the former... Continue Reading →

November 13, 2020 0

3R Petroleum plans to expand operations throughout Latin America

3R Petroleum intends to expand its operations in the revitalization of mature fields to other countries in Latin America. The information was provided by the company's CEO, Ricardo Savini, during the company's IPO ceremony at B3, which moved R$ 690 million, which will be used in the development of projects and in new acquisitions .... Continue Reading →

November 13, 2020 0

PPSA completes seven years

Pré-Sal Petróleo (PPSA) celebrates seven years of activities today, reaching a value of R$ 2.59 billion in revenue for the Union. The amount considers the sale of oil and gas from the Union since November 2017 - start of production of the NW of Libra evaluation area, in a long-term test - until September 2020,... Continue Reading →

November 12, 2020 0

SBM Offshore picks LOC for marine warranty services on two FPSOs

Marine and engineering consulting firm LOC Group has been awarded new contracts with SBM Offshore to act as Marine Warranty Surveyor (MWS) on two floating production storage and offloading (FPSO) projects. These SBM Offshore’s FPSOs will be deployed offshore Brazil and Guyana, LOC said in a statement on Thursday. LOC will provide MWS services for... Continue Reading →

November 12, 2020 0

EnP buys stake in fields and blocks in Espírito Santo

Energy Platform (EnP) announced the acquisition of a 50% stake in Petro-Victory Energy in the fields of the Lagoa Parda Cluster, recently divested by Petrobras, and in the exploratory blocks ES-T-354 , 373, 441, 477 and 487, all on the Espírito Santo onshore and concluded in the 14th ANP round. The transaction marks EnP's entry... Continue Reading →

November 12, 2020 0

SBM Offshore Raises Profit Guidance, Starts Work on Floating Wind Project

Oil and gas services firm SBM Offshore raised its full-year core profit guidance on Thursday on the back of a 23% increase in nine-month revenue and said it had started work on a pilot floating offshore wind project in France. The Dutch company, which supplies floating oil and gas production vessels, now expects 2020 earnings before interest,... Continue Reading →

November 12, 2020 0

Can Colombia Replicate Brazil’s Offshore Oil Boom?

While offshore Brazil, Guyana and to a lesser extent Suriname are gaining the lion’s share of attention when it comes to South American offshore oil, with opportunities opening-up in Colombia. The Andean country’s Caribbean coast is believed to hold considerable oil and natural gas potential. It was with much fanfare that Diego Mesa, Colombia’s Minister of Mines and... Continue Reading →

November 12, 2020 0

PETRO RIO CHANGES IN MANAGEMENT

Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), in compliance with article 157 of Law 6404/1976, with CVM instruction 358/2002, and article 26 of the Novo Mercado Regulation, announces to its shareholders and the market in that Mr. George Kassab has resigned from his position as Investor Relations Officer, for personal reasons. At a meeting... Continue Reading →

November 11, 2020 0